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IGO Limited (ASX:IGO)

ALERT: Price-sensitive ASX Announcement for IGO
Current share price for IGO : $6.880 -1.42 (-17.11%)+
Announcement
Release
19 Feb 2026 8:09AM
Price at Release
$8.300
Full Release
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Summary
IGO Limited's financial performance for the half-year ended 31 December 2025 showed significant improvement. The company reported a 32% decrease in total revenue, but underlying EBITDA turned positive at $49.2 million, marking a recovery from an $82.0 million loss in the previous period. Net loss after tax was $34.1 million, a substantial improvement from a $782.1 million loss in 1H25. The lithium business saw reduced net loss due to decreased impairment charges and better market conditions, with Greenbushes operation selling 628kt of spodumene at US$793/t. Kwinana Refinery recorded a smaller EBITDA loss of $70.9 million. The Nickel business reported $187.7 million in revenue and increased its EBITDA to $50.2 million. IGO's cash flow from operating activities rose to $28.5 million from a $6.6 million outflow in the prior period.
Key Points
  • IGO reported a significant improvement in its financial performance for the half-year ended 31 December 2025.
  • Total revenue decreased by 32% compared to the previous period.
  • The company's underlying EBITDA turned positive at $49.2 million, compared to an $82.0 million loss in 1H25.
  • Net loss after tax was $34.1 million, a major improvement from a $782.1 million loss in the prior period.
  • The lithium business reported a substantial reduction in net loss due to a decrease in impairment charges and improved market conditions.
  • Greenbushes operation, where IGO holds a 24.99% interest, sold 628kt of spodumene at an average price of US$793/t.
  • Kwinana Refinery, with a 49% IGO interest, recorded a smaller EBITDA loss of $70.9 million.
  • The Nickel business saw revenue of $187.7 million, with EBITDA increasing to $50.2 million.
  • IGO's cash flow from operating activities increased to $28.5 million from a $6.6 million outflow in 1H25.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.