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The Motley Fool Australia

IGO reports FY26 Q4 sales revenue of $141 million and underlying EBITDA of $118 million

AI Market Summary
IGO reported stronger FY26 Q4 revenue and EBITDA with higher net cash, supported by solid Greenbushes performance and improved TLEA earnings. Offsetting positives, Kwinana lithium hydroxide output was constrained by planned outages and high conversion costs, with another shutdown scheduled. The announced post-2026 divestment of Nova nickel signals portfolio simplification toward copper and lithium, but has limited near-term broader market impact.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.57%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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IGO reported FY26 Q4 group sales revenue of 1.41亿澳元, up 18% quarter on quarter, and underlying EBITDA of 1.18亿澳元. Nova produced 15,304 tonnes of nickel with cash costs of 4.74美元/磅, while Greenbushes lifted spodumene output 10% and delivered an EBITDA margin of 80%. The company ended the quarter with net cash of 3.87亿澳元, up 18% quarter on quarter. IGO also said it plans to divest the Nova nickel mine after the December 2026 quarter and concentrate on its core copper and lithium businesses.
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