Frontierby eninvs

Language: EN / RU

← Region

IGO Ltd AUD

IGO Limited discovers, develops, and delivers battery minerals, primarily nickel, lithium, copper, cobalt, and silver, through mining operations and exploration in Australia.

At a glance: strengths & risks
✓Margins improving (-32%→16%)✓Net cash balance sheet✗Revenue declining (-10%)

Sector: Nickel & lithium

AU_IGO

Price chart

6.52 AUDDay 1.56%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
6.52 AUD · 1.56%
Market cap
4.9 bn AUD

Growth

Δ revenue y/y
17.6%
Δ EBITDA y/y
—

Multiples

P/E (LTM)
33.9x
P/B (FY)
2.2x
P/E (ann.)
13.7x
EV/EBITDA (LTM)
63.1x
EV/EBITDA (ann.)
35.0x

Cash return

Dividend yield
0.8%
FCF yield (LTM)
-1.0%

Liquidity

Daily turnover (listing)
15.8 mln AUD

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M AUD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM AUDOperating profitM AUDD&AM AUDEBITDAM AUDNet profitM AUDOperating CFM AUDCapex + M&AM AUDAssetsM AUDEquityM AUDROE (annualized)Net debtM AUDSource
2026-06-30H2 2026 (6M)OK268.8
y/y 17.6%
-32.2
y/y 77.1%
97.4
y/y 649.2%
65.2
y/y 151.1%
179.4
y/y 204.0%
103.9-5.72446.7
y/y 3.8%
2240.2
y/y 7.1%
6.8%-369.7stockanalysis.com
2025-12-31H1 2026 (6M)OK194.1
y/y -31.7%
-82.8
y/y —
89.9
y/y -57.8%
7.1
y/y —
-34.1
y/y —
28.5-0.42298.7
y/y -7.5%
2059.6
y/y -9.3%
-3.3%-277.9stockanalysis.com
2025-06-30H2 2025 (6M)OK228.5
y/y -40.6%
-140.6
y/y 32.7%
13.0
y/y 124.1%
-127.6
y/y 51.5%
-172.5
y/y 39.6%
49.5-3.02356.3
y/y -33.9%
2092.4
y/y -34.9%
-43.8%-248.3Yahoo Finance
2024-12-31H1 2025 (6M)OK284.0
y/y -35.2%
-250.2
y/y —
213.1
y/y -22.8%
-37.1
y/y -156.1%
-782.1
y/y -371.3%
-6.6-2.32484.0
y/y -39.5%
2271.1
y/y -36.8%
-57.0%-203.4stockanalysis.com
2024-06-30H2 2024 (6M)OK385.0
y/y —
-209.0
y/y —
-54.0
y/y —
-263.0
y/y —
-285.5
y/y —
304.3-13.63566.8
y/y -24.7%
3215.9
y/y -15.2%
0.1%-419.3Yahoo Finance
2023-12-31H1 2024 (6M)OK438.2
y/y —
-210.1
y/y —
276.2
y/y —
66.1
y/y —
288.3
y/y —
567.7-185.34104.2
y/y —
3595.4
y/y —
15.6%-215.1stockanalysis.com
2023-06-30FY 2023 (12M)OK1049.9
y/y —
-694.5
y/y —
287.1
y/y —
-407.4
y/y —
549.1
y/y —
1423.1-338.44737.9
y/y —
3790.2
y/y —
—-417.3Yahoo Finance

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AUD mln)

-750-500-25002505002023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Year-over-year change

-200%-150%-100%-50%0%2023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Cash flow

FCF (AUD mln)

-20002004006008002023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Net debt / cash (AUD mln)

-500-400-300-200-10002023 H12023 FY2024 H12024 FY2025 H12025 FY2026 H12026 FY

Profit and cash

Worth a look
In a typical year of 2022–2026 operating cash flow came to 1.08x of reported net profit; after capex, 0.87x. Loss years (2025) are left out of the ratio.
year20222023202420252026
cash flow / profit1.08x2.59x——0.91x
accruals, % of assets-0.5%-18.4%-24.4%-42.3%0.5%
Last twelve months (to 2026-06-30): 0.91x of profit came back as operating cash flow.
net debt / EBITDA -5.1x · capex 0.6x of depreciation
● Capex is 58% of depreciation - the asset base is being consumed faster than replaced.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth -10% vs -38% the year before — a +28.1 pp move. 3-year CAGR -24%.
revenue growth by year: 2024 -22% · 2025 -38% · 2026 -10%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-090.05 AUDEx-dividend: 0.05 AUD per sharePaidYahoo Finance (ex-div)
2024-09-110.26 AUDEx-dividend: 0.26 AUD per sharePaidYahoo Finance (ex-div)
2024-03-110.11 AUDEx-dividend: 0.11 AUD per sharePaidYahoo Finance (ex-div)
2023-09-130.6 AUDEx-dividend: 0.6 AUD per sharePaidYahoo Finance (ex-div)
2023-03-150.14 AUDEx-dividend: 0.14 AUD per sharePaidYahoo Finance (ex-div)
2022-09-150.05 AUDEx-dividend: 0.05 AUD per sharePaidYahoo Finance (ex-div)
2022-03-020.05 AUDEx-dividend: 0.05 AUD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of IGO Ltd — from primary filings.

Frequently asked questions

What is IGO Ltd's P/E ratio?
IGO Ltd trades at a P/E of 33.9x (price to trailing 12-month earnings).
What is IGO Ltd's EV/EBITDA?
IGO Ltd trades at 63.1x EV/EBITDA.
What is IGO Ltd's P/B ratio?
IGO Ltd trades at a P/B of 2.2x.
What is IGO Ltd's dividend yield?
IGO Ltd's trailing 12-month dividend yield is 0.8%.
What is IGO Ltd's return on equity (ROE)?
IGO Ltd's ROE is 16.0%.
What is IGO Ltd's market capitalization?
IGO Ltd's market cap is 4.9 bn AUD.

See also: Australian Stocks (2026): Iron Ore, Lithium, Gold and LNG on the ASX by Valuation · The Cheapest Metals & Mining Stocks (2026): Copper, Steel, Silver by Valuation · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map