)

IGO (IGO) investor relations material
IGO H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Reported a net loss after tax of $955M, driven by significant impairments and portfolio rationalization.
Achieved net zero Scope 1 and 2 emissions at Nova Operation through emission reduction and carbon credit cancellation.
Major strategic and organizational changes were implemented, including leadership transitions, board renewal, and a refreshed strategy focused on cost discipline and portfolio optimization.
Renewed ESG framework and implemented safety initiatives, improving safety culture and performance.
Disciplined portfolio review led to a new growth strategy focused on upstream mining and value generation in clean energy minerals.
Financial highlights
Revenue declined 37% year-over-year to $528M due to lower volumes and prices.
Impairments totaled $720M, including full impairment of Kwinana ($605M) and $150M for exploration portfolio rationalization.
Underlying EBITDA loss of $43M and underlying net loss after tax of $173M.
Operating cash flow of $43M, down 95% year-over-year; cash balance of $280M at year-end.
Total dividends paid of $197M during the year.
Outlook and guidance
FY26 guidance: Nova nickel production 15,000–18,000t, Greenbushes spodumene 1,500–1,650kt, Kwinana lithium hydroxide 9,000–11,000t.
Exploration expenditure for FY2026 guided between $35M and $40M, with lower corporate spend expected.
Focus remains on optimizing Greenbushes, prudent management of Kwinana, and maximizing value from Nova as it approaches end of mine life in 2026.
Capital demands expected to ramp down in FY2026, with potential for increased dividends as cash accumulates.
Continued evaluation of growth opportunities and partnerships in clean energy minerals.
Next IGO earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage