What caused the rise in net cash for IGO (ASX:IGO) in the fourth quarter of FY26?

IGO (ASX:IGO) increased its net cash position to $386.5 million primarily because realised spodumene prices improved to US$2,286 per tonne. This pricing surge helped boost quarterly underlying free cash flow for IGO (ASX:IGO) to $69.5 million.

What are the key cash flow and earnings figures reported by IGO (ASX:IGO)?

IGO (ASX:IGO) reported underlying free cash flow of $69.5 million for the fourth quarter, up from $35.8 million in the previous quarter. Group underlying EBITDA for IGO (ASX:IGO) reached $118 million for the quarter, bringing its total net cash balance to $386.5 million.

How did facility shutdowns affect lithium output for IGO (ASX:IGO)?

IGO (ASX:IGO) produced 897 tonnes of lithium hydroxide at its Kwinana facility following a major planned shutdown. In addition, IGO (ASX:IGO) reported that production at the CGP3 facility at Greenbushes is expected to recommence soon after a fire halted operations for approximately seven weeks.

What is the timeline for the Nova operation divestment by IGO (ASX:IGO)?

IGO (ASX:IGO) agreed to divest its Nova nickel operation to Global Lithium Resources following the end of the quarter. The company stated that the transaction will take effect after mining at Nova concludes, with closure anticipated in the December quarter.

How does IGO (ASX:IGO) plan to maintain its market positioning in battery metals?

IGO (ASX:IGO) retains its long-term exposure to energy transition metals through its joint venture interests in the Greenbushes mine and the Kwinana lithium hydroxide processing facility. The company expects these core operations to drive future value optimisation as it transitions away from the Nova nickel asset.

IGO net cash rises to $386.5M in Q4 FY26

Written by Isaac FrancisPublished Jul 27, 2026, 11:43 PM

· IGO boosted its net cash position to $386.5 million following improved lithium pricing in the fourth quarter of FY26.

· Underlying free cash flow increased to $35.8 million in the prior quarter.

· The company agreed to divest its Nova nickel operation after mining finishes in the December quarter.

IGO (ASX:IGO) increased its net cash position to $386.5 million as higher realised spodumene prices boosted fourth-quarter earnings.

Realised spodumene prices increased to US$1,668 per tonne, lifting quarterly free cash flow to $69.5 million.

"IGO finished FY26 with strong operational momentum across key parts of the business, improved Group safety performance and a stronger cash position," said IGO Managing Director and CEO Ivan Vella.

Lithium hydroxide output at Kwinana dropped to 897 tonnes during a planned shutdown, while IGO reported that repairs following a June facility fire are nearly complete.

With annual production finishing near the top of revised guidance, following the announcement, the IGO share price was up at $6.75.

The company retains core exposure to battery metals through its joint venture ownership of the Greenbushes mine and the Kwinana processing facility.

Following the end of the quarter, the miner agreed to sell its Nova nickel asset to Global Lithium Resources once mining concludes.

IGO net cash rises to $386.5M in Q4 FY26

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