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IGO Limited (ASX:IGO)

ALERT: Price-sensitive ASX Announcement for IGO
Current share price for IGO : $8.550 1.8 (26.67%)+
Announcement
Release
28 Jul 2026 8:24AM
Price at Release
$6.750
Full Release
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Summary
The June 2026 Quarterly Presentation for IGO Limited reported a strong end to the fiscal year 2026, with significant improvements in safety performance and financial health. The Group achieved a 38% increase in share of TLEA net profit, reaching $121 million, and a net cash increase of 18% to $387 million. The Nova operation exceeded Life of Mine guidance, despite a planned shutdown affecting quarterly production and costs. Greenbushes experienced a strong finish with increased production and pricing, although operations were momentarily paused due to a fire. IGO also emphasized safety improvements, achieving a 63% reduction in the total recordable injury frequency rate over the year. Financial results showed increased sales revenue driven by higher copper sales and prices, although Nova EBITDA was impacted by year-end adjustments related to mine life end provisions. The company expects continued robust performance with strategic guidance set for FY27.
Key Points
  • Group Underlying EBITDA of $118M for 4Q26
  • 38% increase in share of TLEA net profit to $121M
  • Net cash up 18% to $387M
  • Sustained improvements in safety performance over the last 12 months
  • Nova operation exceeded Life of Mine guidance
  • Strong finish to FY26 for Greenbushes with improved production and pricing
  • Significant financial results with sales revenue up 18% QoQ
  • Focus on safety improvements with a 63% reduction in TRIFR
  • Guidance set for FY27 includes 1,550 – 1,750 kt spodumene production
  • Conversion cost for lithium hydroxide production increased due to planned shutdown
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.