IGO reported H1 FY26 revenue of AUD 194.1 million (down 32%) and a net loss attributable to members of AUD 34.1 million for the six months ended 31 December 2025. Underlying EBITDA was AUD 49.2 million and underlying free cash flow was AUD 28.7 million, with net cash inflow from operating activities of AUD 28.5 million. Cash and cash equivalents were AUD 298.9 million at 31 December 2025, and net tangible assets per share were AUD 2.72. IGO did not declare an interim dividend. In lithium, IGO’s share of net loss from TLEA was AUD 0.8 million; on a 100% basis, Greenbushes recorded sales revenue of AUD 759.4 million and EBITDA of AUD 463.6 million, with spodumene production of 672 kt and unit costs of AUD 380/t, while Kwinana recorded sales revenue of AUD 78.4 million and an EBITDA loss of AUD 70.9 million, with lithium hydroxide production of 4,895 t and conversion costs of AUD 16,977/t. In nickel, the Nickel Business generated sales revenue of AUD 187.7 million and EBITDA of AUD 50.2 million; Nova delivered revenue of AUD 187.7 million, underlying EBITDA of AUD 67.3 million, free cash flow of AUD 97.2 million, nickel production of 7,219 t and payable nickel cash costs of AUD 5.62/lb. Forrestania recorded no revenue as it remained in care and maintenance following mine closure, and IGO said completion of the Forrestania asset sale to Medallion Metals is expected on or before 27 February 2026. Managing Director Ivan Vella said the improved underlying result reflected actions to maximise cash generation and cost discipline, with ongoing focus on Nova performance and Greenbushes optimisation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IGO Ltd. published the original content used to generate this news brief on February 19, 2026, and is solely responsible for the information contained therein.