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How IGO’s Half-Year Turnaround Signals New Momentum in Battery Minerals

8:24am on Thursday 19th of February, 2026 AEDT Mining
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How IGO’s Half-Year Turnaround Signals New Momentum in Battery Minerals

8:24am on Thursday 19th of February, 2026 AEDT
Key Points
  • Revenue down 32% to $194 million due to lower nickel sales and Forrestania care and maintenance
  • Net loss after tax narrowed sharply to $34.1 million from $782.1 million a year earlier
  • Underlying EBITDA positive at $49.2 million versus prior loss, driven by Nova Operation improvements
  • Strong balance sheet with $299 million net cash and no interim dividend declared
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