Igo Limited · ASX:IGO
Igo — FY2025 Earnings Presentation
18 slides from Igo's earnings presentation, Aug 28, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation IGO Limited IGO Limited | 28 August 2025 Page 1
Slide 2: Safety and sustainability highlights
Safety and sustainability highlights ESG framework renewed to Focus on safety and new reflect IGO’s evolution and initiatives delivering commitment to our improved safety culture and Purpose to deliver the performance products for a clean energy future Achieved net zero1 scope 1 Forrestania setting
Slide 3: FY25 - year in review
FY25 - year in review Disciplined review of portfolio and company evolution aligned to clear growth strategy and value delivery Safety a priority Kwinana problems recognised Range of safety initiatives implemented throughout year, Ongoing operational issues and unsustainable cost structure. improvin
Slide 4: Results summary
Results summary Disappointing financial results impacted by subdued market and impairments Greenbushes continued 1,479kt spodumene SC6 produced at unit cash cost of $325/t to generate strong margins and cash flow 66% EBITDA margin and $1.5B operating cash flow generation in FY25 Revenue lower in Gro
Slide 5: Financials summary
Financials summary Positive free cash flow and strong balance sheet retained in challenging market Units FY25 FY24 YoY Revenue A$M 528 841 ▼37% Underlying EBITDA1 A$M (43) 581 n/a Share of net profit/(loss) of TLEA A$M (642) 553 n/a Underlying NPAT1 A$M (173) 319 n/a Net profit/(loss) after tax A$M
Slide 6: Cash flow
Cash flow $280M cash as at 30 June 2025 with $197M paid in dividends in FY25 A$M 700 140 5 600 16 51 11 500 11 35 67 14 400 300 197 468 477 200 280 100 Opening Nova FCF Forrestania Cosmos FCF Exploration Enterprise Redundancy Corporate & Finance Income Tax Cash before Dividend Closing Cash Cash FCF
Slide 7: Greenbushes
Greenbushes World class asset with upside potential Highest quality hard rock lithium Lowest cost spodumene mine globally, strong margins and Life of mine optimisation to mine in Australia deliver full value cash flow generation % FY25 spodumene grade US$/t Spodumene (SC6) C1 cost curve, CY25 7 1,00
Slide 8: IGO's unique opportunity
IGO’s unique opportunity Discover, develop and deliver - a clear strategy and pathway for growth Our strategy Our priorities Our opportunity Discover, develop and deliver Short term Medium term the battery minerals critical for Refocus − Improve − Execute − Impact − Lead a strong, multi-asset, the g
Slide 9: Growth pathway
Growth pathway Discover, develop and deliver the battery minerals critical for the global energy transition Building a diversified portfolio across multiple jurisdictions through strategic partnerships and focused exploration activities Targeted exploration Technology Inorganic growth A core growth
Slide 10: FY26 priorities for value and growth
FY26 priorities for value and growth Safe and stable operations, positive cash flow and progressing our strategy ▪ Safe and well executed commissioning of CGP3 Greenbushes ▪ Completion of life of mine optimisation planning ▪ Implementation of improvements to deliver full value ▪ Highly disciplined c
Slide 11: Highly capable leadership team
Highly capable leadership team The right management team to deliver our strategy Executive Leadership Team IVAN VELLA KATHLEEN BOZANIC SUZY RETALLACK Managing Director & Chief Chief Financial Officer Chief People and Executive Officer Sustainability Officer (Commencing September 2025) 25 years indus
Slide 12: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer This presentation has been prepared by IGO Limited (“IGO”) (ABN Statements included in periodic and continuous disclosure administration, and utilises production as the unit of measurement. 46 092 786 304). It should not be considered as an offer or invitationannou
Slide 13: Contact
Contact Investors & Media Philippa Browning Senior Advisor External Affairs & Investor Relations T:+61 8 9238 8300 E: investor.relations@igo.com.au Authorised for release to the ASX by Managing Director and CEO, Ivan Vella
Slide 14: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology amazing things happen. are enabling the full potential of renewable energy to be realised, by allowing energy produced from the Where technology opens up new horizons and clean sun, wind and other
Slide 15: Appendix: Greenbushes
Appendix: Greenbushes 100% basis Units FY25 FY24 % change (IGO holds 24.9%) Spodumene production t 1,479 1,383 ▲7% Spodumene sales t 1,482 1,380 ▲7% Cash cost (production)1 A$/t 325 330 ▼2% Average realised price US$/t 783 2,192 ▼64% (chemical and technical grade) Development, sustaining, improvemen
Slide 16: Appendix: Nova
Appendix: Nova Units FY25 FY24 % change Nickel production t 16,371 20,806 ▼21% Nickel sales t 13,503 15,701 ▼14% Copper production t 7,324 9,922 ▼26% Copper sales t 7,109 8,081 ▼12% Sales revenue A$M 439 539 ▼19% Cash cost (payable)1 A$/lb Ni 5.53 3.99 ▲39% 1. Cash costs reported per pound of payabl
Slide 17: Appendix: Kwinana
Appendix: Kwinana 100% basis Units FY25 FY24 % change (IGO holds 49%) Lithium hydroxide production t 6,782 3,508 ▲93% Lithium hydroxide sales t 6,428 1,369 ▲370% Lithium hydroxide conversion cost1 $A/t 22,748 33,748 ▼33% Capex (Train 1 and 2) $M 70 64 ▲9% 1. Lithium hydroxide conversion cost is IGO’
Slide 18: Appendix: Guidance
Appendix: Guidance Unit LOM Guidance Nova Nickel production t 15,000 – 18,000 Copper production t 8,250 – 9,250 Cobalt production t 600 – 700 Cash cost (payable) A$/Ib Ni 5.90 – 6.90 Development, sustaining & A$M Not provided improvement capex Unit FY26 Guidance Greenbushes (100% basis) Spodumene pr