Igo Limited · ASX:IGO
Igo — H1 2026 Earnings Presentation
15 slides from Igo's earnings presentation, Feb 19, 2026
Slide 1: 1H26 Half-Year Results
1H26 Half-Year Results IGO Limited IGO Limited | 19 February 2026
Slide 2: Safety and sustainability highlights
Safety and sustainability highlights Imbedding safety lead Closure readiness planning indicators in operations, at Nova to ensure smooth including critical control transition to rehabilitation checks Sustained progress in safety New Innovate performance, 12-month Reconciliation Action Plan TRIFR red
Slide 3: 1H26 key financials
1H26 key financials Cost focus delivers stronger underlying result ▪ Underlying EBITDA $49M, includes improved Nova EBITDA (up Units 1H26 1H25 15%) and reduced Growth segment spend (down 52%) Total revenue A$M 194 284 ▪ Share of net loss from Tianqi Lithium Energy Australia (TLEA) of $1M (1H25: unde
Slide 4: 1H26 key financials – cash flow
1H26 key financials – cash flow Strong balance sheet retained A$M 1H26 cash reconciliation ▪ Underlying free cash flow of $29M includes contribution from 97 Nova of $97M, outflows for care & maintenance activities at 400 Forrestania and Cosmos 350 11 10 5 300 16 3 ▪ Exploration and corporate spendin
Slide 5: 1H26 operations summary
1H26 operations summary CGP3 first ore and strong operational performance at Nova ▪ Lower sales volumes and marginally lower realised price (versus 1H25) ▪ 61% EBITDA margin Greenbushes ▪ CGP3 ramp up progressing ▪ Optimisation work program delivering improvements ▪ Some improvement in production ra
Slide 6: Greenbushes CGP3
Greenbushes CGP3 Completed and ramp up underway CGP3 plant area Page 6
Slide 7: Greenbushes optimisation update
Greenbushes optimisation update CY25 Mineral Resource and Ore Reserve estimates show initial progress on optimisation CY25 Mineral Resource Estimate (long section)1 Steepening of western wall of open pit enabled with improved understanding of geotechnical conditions Revised design incorporates more
Slide 8: Clear growth pathway
Clear growth pathway Discover, develop and deliver battery minerals Our strategy Delivery approach The opportunity Discover, develop and deliver Strategic & technical partnerships A strong, multi-asset, multi- the battery minerals critical for jurisdiction business … the global energy transition Cap
Slide 9: Outlook and priorities
Outlook and priorities Sustaining safety improvements, delivering strong operational performance and unlocking value ▪ Maximising production through ramp up of CGP3 and additional plant productivity Greenbushes ▪ Completion of life of mine optimisation review ▪ Unlock further value through overall s
Slide 10: 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 11: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN Competent Persons' Statements included in periodic and• Lithium cash costs (production) are reporting inclusive of mining, 46 092 786 304). It should not be considered as an offer or continuous discl
Slide 12: 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 13: Appendix: Greenbushes
Appendix: Greenbushes 100% basis Units 1H26 1H25 % change (IGO holds 24.99%) Spodumene production kt 672 798 ▼16% Sales kt 628 704 ▼11% Revenue A$M 759 863 ▼12% Cash cost (production) A$/t 380 300 ▲27% Average realised price US$/t 793 812 ▼2% (chemical and technical grade) EBITDA A$M 464 592 ▼22% Ca
Slide 14: Appendix: Lithium downstream
Appendix: Lithium downstream 100% basis Units 1H26 1H25 % change (IGO holds 49%) Lithium hydroxide production t 4,895 3,095 ▲58% Lithium hydroxide conversion cost $A/t 16,977 27,136 ▼37% (production) Revenue A$M 78 32 ▲144% EBITDA1 A$M (71) (161) n/a Capex A$M 28 52 ▼46% 1. Excludes impairment Page
Slide 15: Appendix: Nova
Appendix: Nova Units 1H26 1H25 % change Nickel production t 7,219 7,085 ▲2% Nickel sales t 5,608 6,673 ▼16% Copper production t 3,153 3,092 ▲2% Copper sales t 2,887 2,817 ▲2% Revenue A$M 188 203 ▼7% Cash cost (payable)1 A$/lb 5.62 6.91 ▼19% Underlying EBITDA A$M 67 59 ▲15% 1. Cash costs reported per