EarningsQ4 2026 Earnings Report
MX:IGON Q4 2026 EPS Results
Actual EPS$2.99
Consensus EPS$3.08
Beat/MissMissed by -$0.09
One Year Ago EPS-$2.88
MX:IGON Q4 2026 Revenue Results
Actual Revenue$3.30B
Expected Revenue$1.79B
Beat/MissBeat by +$1.51B
YoY Revenue Growth+11.62%
Earnings Announcement Details
QuarterQ4 2026
Date08/26/2026
TimeAfter Close
Conference CallWednesday, August 26, 2026
MX:IGON Upcoming Earnings
IGO's next earnings date is estimated for February 3, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:IGON Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear improvement in financial performance and cash generation driven largely by Nova and a large turnaround at TLEA, a strengthened balance sheet and reinstatement of a dividend. These positives were tempered by a revenue decline, operational and safety issues at Greenbushes that require remediation, and unresolved strategic/capital questions at Kwinana. Overall, management emphasized disciplined cost and capital allocation, portfolio simplification and continued focus on ramping CGP3 and optimizing Greenbushes.Company Guidance
Strong Profitability Turnaround from TLEA
IGO's share of net profit from TLEA was $207 million in FY'26 versus a loss of $642 million in FY'25 — an improvement of ~$849 million year-on-year, materially driving the statutory result.
Substantial Free Cash Flow Growth
Group underlying free cash flow was $134 million, up 176% on FY'25, with Nova contributing $128 million of that amount.
Solid Balance Sheet and Capital Flexibility
Ended FY'26 with $387 million of cash, no drawn debt and a $300 million undrawn corporate debt facility, providing significant financial flexibility.
Dividend Recommencement
Board declared a final fully franked dividend of $0.05 per share (~$38 million), representing approximately 30% of underlying free cash flow (midpoint of the 20–40% payout guideline).
Nova Operational and Cash Performance
Nova delivered an exceptional final year-of-mine performance: a 63% improvement in year-on-year free cash flow for the asset, outstanding operating discipline, productivity and reliability as it approached end of life.
CGP3 Restart and Ramp-up Progress
Following a fire, CGP3 was repaired and ramp-up is proceeding well — performance has passed pre-fire levels and is approaching nameplate throughput (2.4 Mtpa), with potential to reach nameplate in coming weeks/months.
Portfolio Simplification and Cost Discipline
Completed Forrestania divestment, announced Nova divestment, heavily rationalized exploration tenure, reduced exploration spend to $28 million and reduced corporate/other costs (underlying corporate c.$50 million of displayed $58 million).
Lithium Asset Margin and Cash Upside
Greenbushes benefited from stronger spodumene prices and remains a high-margin, cash-generative asset — management highlighted significant upside from recovery and product optimization work underway.
MX:IGON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed