Greenbushes lithium mine.
IGO saw a record $1 billion in revenue for the financial year, generating net profit after tax of $549 million, which acting chief executive officer Matt Dusci called “the strongest set of financial results in IGO’s 21-year history.
This was underpinned by an enormous $1.987 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA).
The company’s shareholders reaped some of the rewards.
“This has enabled the declaration of a final dividend of $0.44 plus a $0.16 special dividend for FY23 (financial year 2023), bringing total dividends for FY23 to a record $0.74 per share, equivalent to $560 million in dividend payments,” Dusci said.
Lithium production at the company’s Greenbushes mine, which it co-owns with joint venture partner Tianqui Lithium, significantly contributed to the earnings. Greenbushes has the highest ore reserve grade of any hard rock lithium mine globally.
The mine produced roughly 1.49 million tonnes of spodumene at a cost of $244 per tonne in FY23.
“Within our lithium business, excellent production and cost performance at the Greenbushes lithium mine, combined with exceptional realised pricing, drove record earnings and cash dividends of over $1 billion to IGO, via our lithium joint venture,” Dusci said.
“Meanwhile, performance at the Kwinana lithium hydroxide refinery is expected to improve over FY24 as progressive rectifications are made to improve operational performance.”
Lithium hydroxide production at Kwinana was lower than expected in FY23 owing to operational changes.
Nickel also contributed to the company’s success.
“Our nickel business also delivered with our operating assets, Nova and Forrestania, generating aggregate free cash flow of $587 million for the year at an EBITDA margin of 56 per cent.”
镍锂矿商IGO全年税后净利润跃升66%至5.49亿澳元
2023-09-01 11:24:26 (AET) by Edward Zhang 730
镍锂矿商 IGO（ASX：IGO）主营收入录得10.2亿澳元，较22财年增长13%；税后净利润为5.49亿澳元，同比增长66%；基本税后净利润较22财年增长278%至15.3亿澳元。
【澳股资讯平台 – 61 Financial 9月1日讯】镍锂矿商 IGO（ASX：IGO）公布了23财年的业绩报告。
在截至2023年6月30日的十二个月中，IGO主营收入录得10.2亿澳元，较22财年增长13%；税后净利润为5.49亿澳元，同比增长66%；基本税后净利润较22财年增长278%至15.3亿澳元。
IGO全年息税折旧摊销前利润（EBITDA）达到19.9亿澳元，同比增长177%；公司宣布了每股44澳分的全额免税末期股息，加上每股16澳分的特别股息，全年股息为每股74澳分，比22财年增长640%。
公司指出，其创纪录的23财年盈利主要归功于其对锂合资企业天齐锂业澳大利亚有限公司投资的杰出贡献。
在其他强劲的业绩中，经营活动的净现金流入达到14.2亿澳元，比22财年的3.57亿澳元增长299%。基本自由现金流同比增长252%，达到11亿澳元。
公司以强劲的资产负债表结束了本财年，截至6月30日，其现金为7.75亿澳元，同比增长111%。净债务为4.15亿澳元。
IGO代理首席执行官Matt Dusci表示：“在23财年，创纪录的财务业绩清楚地表明了IGO的转型，以及我们在追求与清洁能源金属保持一致的战略方面的成功。在23财年，我们创造了IGO在过去21年历史上最强劲的财务业绩，EBITDA和净利润均创历史新高。”
“在我们的锂业务中，Greenbushes锂矿的出色生产和成本效益，加上卓越的实现定价，通过我们的锂合资企业，为IGO带来了创纪录的收益和超过10亿美元的现金股息。”
公司股价一年走势回顾：
【更多IGO公告和股价走势请点击IGO个股页面】
LITHIUM JOINT VENTURE
LITHIUM JOINT VENTURE WITH TIANQI LITHIUM CORPORATION
Ownership
IGO 49%
In 2021, Tianqi Lithium Corporation (51%) and IGO Limited (49%) incorporated a new Joint Venture (JV), with a focus on developing and operating world class lithium assets. The JV is currently focused on its lithium assets in Western Australia which comprise of a 51% stake in the Greenbushes Lithium Mine (49% owned by Albermarle Corporation) and 100% ownership of the Kwinana Lithium Hydroxide Refinery.
The JV is global lithium partnership between IGO and Tianqi, a lithium industry leader, and will be the exclusive vehicle for any future lithium related investments outside of China.