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IGO Ltd shares in focus as FY26 Q4 sales rise and cash balance strengthens

AI Market Summary
IGO reported FY26 Q4 results with 18% q/q revenue growth to A$141m, underlying EBITDA of A$118m, and a stronger net cash position of A$387m (+18% q/q). Operationally, Greenbushes lithium output rose 10% with an 80% EBITDA margin, while Nova delivered 15,304t nickel at US$4.74/lb cash costs. Management plans to divest Nova after Dec 2026, sharpening focus on copper and lithium.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
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IGO reported FY26 fourth-quarter results showing group revenue of A$141 million, up 18% quarter on quarter. Underlying EBITDA came in at A$118 million. At Nova, nickel production totalled 15,304 tonnes with a cash cost of US$4.74 per pound. Greenbushes lifted spodumene output 10% from the prior quarter and delivered an EBITDA margin of 80%. Net cash at quarter-end was A$387 million, up 18% from the previous quarter. The company said it plans to divest the Nova nickel mine after December 2026 and sharpen its focus on its core copper and lithium businesses.
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