Critical minerals miner IGO (ASX:IGO) has delivered a robust third-quarter performance for FY26, reporting an EBITDA of $151.1 million.
The result was underpinned by a 45% rise in group sales revenue, which reached $119.7 million.
Key drivers included a 43% lift in EBITDA from the Nova nickel mine to $60.5 million and a significant turnaround in the Tianqi Lithium Energy Australia joint venture, which contributed $87.4 million in profit.
Despite the financial gains, IGO faced operational headwinds at the Greenbushes lithium mine, where production remained flat.
Managing Director Ivan Vella cited challenges in safety, feed grade, and plant reliability, leading to lowered production guidance for the asset.
While the Kwinana lithium hydroxide plant saw production rise to 51% capacity, Vella warned of rising fuel costs and ongoing mitigation strategies to secure supply chains in future periods.
At the time of reporting, IGO’s share price was $7.57.