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Iluka Resources Limited (ASX:ILU)

ALERT: Price-sensitive ASX Announcement for ILU
Current share price for ILU : $6.240 -0.85 (-11.99%)+
Announcement
Release
19 Aug 2026 7:32AM
Price at Release
$7.090
Full Release
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Summary
Iluka Resources Limited reported its half-year results for 2026, highlighting significant financial and operational outcomes. The company experienced a decrease in mineral sands revenue and underlying EBITDA, with mineral sands revenue dropping by 22% to $433 million and underlying EBITDA declining by 81% to $41 million. The financial performance was impacted by lower production and sales volumes of zircon, rutile, and synthetic rutile, and increased cash costs. The company also focused on its rare earths business, reporting advancements in the Eneabba rare earths refinery in Western Australia, which is on track for commissioning in 2027. Iluka received a $13 million dividend from its associate, Deterra Royalties, and plans to distribute this cash to shareholders. The report also noted the company's debt position, with net debt for mineral sands at $273 million and rare earths at $877 million as of June 30, 2026.
Key Points
  • Iluka Resources reported a 22% decline in mineral sands revenue to $433 million.
  • Underlying mineral sands EBITDA fell by 81% to $41 million.
  • Net debt for mineral sands stood at $273 million as of June 30, 2026.
  • The Eneabba rare earths refinery is progressing and expected to be commissioned in 2027.
  • Iluka received a $13 million dividend from Deterra Royalties.
  • Total net debt for rare earths reported at $877 million.
  • The company faced increased cash costs and lower production volumes.
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.