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IGO
IGO (IGO) investor relations material
IGO H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary19 Feb, 2026
Executive summary
Revenue for the half was AUD 194.1 million, down from AUD 284 million year-over-year, mainly due to lower nickel and copper prices and volumes at Nova and no revenue from Forrestania, which is now in care and maintenance.
Underlying EBITDA reached AUD 49 million, with Nova's EBITDA up 15% to AUD 67 million, and exploration spend halved to AUD 15 million.
Statutory net loss after tax was AUD 34.1 million, a significant improvement from the prior period's AUD 782.1 million loss, which included major impairments.
No dividend declared for the half, maintaining a prudent capital management approach.
Strong safety performance and ongoing sustainability initiatives, including a new Reconciliation Action Plan and closure readiness at Nova.
Financial highlights
Net cash flow from operating activities was AUD 28.5 million, up from a AUD 6.6 million outflow in the prior year.
Underlying free cash flow reached AUD 29 million, supported by Nova, with ongoing care and maintenance spend at Forrestania and Cosmos.
Cash balance at period end was AUD 298.9 million, with an undrawn debt facility of AUD 300 million.
EBITDA from the Nickel Business was AUD 50.2 million, up from AUD 31.2 million in the prior period.
Basic and diluted loss per share was (4.50) cents, compared to (103.28) cents in the prior period.
Outlook and guidance
Greenbushes expected to run at the low end of production guidance for the year, with CGP3 ramp-up progressing but starting later than anticipated.
Focus remains on cost discipline, safe production at Nova through mine closure, and targeted exploration, especially in lithium and copper.
Ongoing discussions with JV partner regarding Kwinana Refinery's future and evaluation of future refinery options.
What is the Kwinana Refinery's optimal pathway?
What are the implications of the Tropicana royalty claim?
What is the outlook for key exploration projects?
Kwinana: Update on JV discussions
Greenbushes optimization study next steps
Greenbushes dividend outlook?
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Next IGO earnings date
Q3 202629 Apr, 2026
IGO
Next IGO earnings date
Q3 202629 Apr, 2026
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Frequently asked questions
IGO Limited is an Australian mining and exploration company engaged in the production of base and precious metals. The company’s operations focus on the exploration, extraction, and processing of nickel, copper, cobalt, and lithium, which are critical for energy storage and renewable energy technologies. IGO Limited serves industries involved in electric vehicles, energy storage, and sustainable infrastructure development. The company is headquartered in Perth, Australia, and its shares are listed on the ASX.
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