profit from every A$100 of sales.
A$0A$100
IGO
A$5.47+4.79% today
-19.2% in 1 year
1-year low A$4.771-year high A$10.03
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What IGO sold, what it kept, and what it did with the cash.
Sales went from A$845 million in 2022 to A$513 million in 2025, with -A$955 million of profit last year.
SalesProfit
IGO handed back more cash to shareholders than it generated last year.
A$197M
Free cash flow 2025A$38M
Bought back its own shares–
Paid as dividendsA$197M
Cash vs. debtA$280M vs. A$31M
IGO vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| IGO | No profit yet | ||
 BHP Group | 23.1× · Fair price | ||
 Rio Tinto Group | 13.9× · Cheap | ||
 Grupo México, S.A.B. de C.V. | 19.0× · Fair price | ||
 Glencore | 220.8× · Very expensive |
AI analysis
An AI analyst reads IGO's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 845 | 1,050 | 823 | 513 | |
| 845 | 1,050 | 823 | 513 | |
| 332 | -695 | -419 | -391 | |
| 644 | 1,008 | 145 | -811 | |
| 331 | 549 | 3 | -955 | |
| 0.44 | 0.72 | 0.00 | -1.26 | |
| 100.0% | 100.0% | 100.0% | 100.0% | |
| 39.3% | -66.1% | -50.9% | -76.3% | |
| 39.2% | 52.3% | 0.3% | -186.3% |
Balance sheet
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 4,952 | 4,738 | 3,567 | 2,356 |
| Cash | 367 | 775 | 468 | 280 |
| Total debt | 947 | 432 | 49 | 31 |
| Total liabilities | 1,410 | 948 | 358 | 264 |
| 3,435 | 3,790 | 3,216 | 2,092 | |
| 760 | 760 | 757 | 757 | |
| 7.5% | 11.9% | -1.7% | -34.2% | |
| 9.6% | 14.5% | 0.1% | -45.6% |
Cash flow
| In millions of AUD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 88 | 338 | 199 | 5 | |
| 269 | 1,085 | 673 | 38 | |
| Dividends paid | 114 | 144 | 538 | 197 |
| – | – | – | – | |
| – | – | – | – |
Valuation
- –
- –
- –
- 3.1×
- 8.1×
- 110.2×
- –
- 0.9%
- -23.0%
- 4.8%
Profitability
- 100.0%
- -76.3%
- -186.3%
- –
- -34.2%
- -4.1%
- –
- –
- –
- –
Growth
- −15.4%
- –
- –
- –
- −0.1%
Financial health
- -0.3×
- 0.02
- –
- -109.2×
- 5.55
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 1%of 989
Bottom 1%of 958
Bottom 5%of 935
Bottom 41%of 990
4.8%of the share price, paid each year
On $1,000 invested$48a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
: 523.7%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
42No pass
Philip Fisher
44No pass
Peter Lynch
30No pass
Joel Greenblatt
2No pass
Charlie Munger
38No pass
Terry Smith
29No pass
Questions about IGO
Is IGO a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the IGO AI analysis
What does IGO do?
IGO Limited, together with its subsidiaries, discovers, develops, and delivers battery minerals in Australia. It operates through Nova Operation, Forrestania Operation, Cosmos Project, Lithium Business, and Growth segments. It is in Other Industrial Metals & Mining, based in Perth, WA, Australia.
Does IGO pay a dividend?
Yes. At today's price the dividend is 4.8% a year. In 2025 it paid out A$197 million in dividends.
Is IGO stock halal?
Yes. IGO passes our halal screen: its business is permitted and its debt is 0.8% of its market value, under the 30% limit. How we check
How has IGO stock done over the past year?
Down 19.2% over the past twelve months, to A$5.47. It traded between A$4.77 and A$10.03 and is 45.5% below its high.
Who are IGO's competitors?
The largest listed companies in the same industry are BHP Group, Rio Tinto Group, Grupo México, S.A.B. de C.V. and Glencore. The peers table on this page compares their profit, growth and price with IGO's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.