IGO Ltd

AU:IGO Australia Other Industrial Metals & Mining
Market Cap
$3.42 Billion
AU$5.52 Billion AUD
Market Cap Rank
#3936 Global
#37 in Australia
Share Price
AU$7.29
Change (1 day)
-0.95%
52-Week Range
AU$3.12 - AU$9.37
All Time High
AU$14.82
Categories
Companies in Australia Other Industrial Metals & Mining
About

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. The company explores for nickel, lithium, copper, cobalt, and silver deposits. It is also involved in exploration, business development, and project evaluation activities, as … Read more

IGO Ltd (IGO) - Net Assets

Latest net assets as of December 2025: AU$2.06 Billion AUD

Based on the latest financial reports, IGO Ltd (IGO) has net assets worth AU$2.06 Billion AUD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.30 Billion) and total liabilities (AU$239.10 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$2.06 Billion
% of Total Assets 89.6%
Annual Growth Rate 29.36%
5-Year Change -34.61%
10-Year Change 43.73%
Growth Volatility 75.95

IGO Ltd - Net Assets Trend (2001–2025)

This chart illustrates how IGO Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for IGO Ltd (2001–2025)

The table below shows the annual net assets of IGO Ltd from 2001 to 2025.

Year Net Assets Change
2025-06-30 AU$2.09 Billion -34.80%
2024-06-30 AU$3.21 Billion -15.33%
2023-06-30 AU$3.79 Billion +10.33%
2022-06-30 AU$3.44 Billion +7.35%
2021-06-30 AU$3.20 Billion +66.16%
2020-06-30 AU$1.93 Billion +4.15%
2019-06-30 AU$1.85 Billion +3.95%
2018-06-30 AU$1.78 Billion +2.66%
2017-06-30 AU$1.73 Billion +19.03%
2016-06-30 AU$1.46 Billion +118.75%
2015-06-30 AU$665.50 Million +9.19%
2014-06-30 AU$609.50 Million -6.15%
2013-06-30 AU$649.47 Million +1.14%
2012-06-30 AU$642.12 Million -21.10%
2011-06-30 AU$813.88 Million +278.94%
2010-06-30 AU$214.78 Million +9.90%
2009-06-30 AU$195.44 Million +1.28%
2008-06-30 AU$192.96 Million +87.55%
2007-06-30 AU$102.88 Million +114.65%
2006-06-30 AU$47.93 Million -4.50%
2005-06-30 AU$50.19 Million +62.75%
2004-06-30 AU$30.84 Million +151.21%
2003-06-30 AU$12.28 Million +196.28%
2002-06-30 AU$4.14 Million -4.53%
2001-06-30 AU$4.34 Million --

Equity Component Analysis

This analysis shows how different components contribute to IGO Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 103297597100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$2.62 Billion 125.39%
Other Comprehensive Income AU$501.90 Million 23.99%
Total Equity AU$2.09 Billion 100.00%

IGO Ltd Competitors by Market Cap

The table below lists competitors of IGO Ltd ranked by their market capitalization.

Company Market Cap
HASEKO Corporation
F:HS6
 		$3.03 Billion
Tube Investments of India Limited
NSE:TIINDIA
 		$3.03 Billion
Sinolink Securities Co Ltd
SHG:600109
 		$3.03 Billion
Hayward Holdings Inc
NYSE:HAYW
 		$3.03 Billion
Shan Dong Dong-E E-Jiao Co Ltd
SHE:000423
 		$3.03 Billion
Centuri Holdings, Inc.
NYSE:CTRI
 		$3.02 Billion
Aditya Birla Capital Limited
NSE:ABCAPITAL
 		$3.02 Billion
Thule Group AB (publ)
OTCGREY:THLPF
 		$3.02 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in IGO Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,209,300,000 to 2,092,400,000, a change of -1,116,900,000 (-34.8%).
  • Net loss of 954,600,000 reduced equity.
  • Dividend payments of 196,900,000 reduced retained earnings.
  • Share repurchases of 4,500,000 reduced equity.
  • Other comprehensive income decreased equity by 79,100,000.
  • Other factors increased equity by 118,200,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$-954.60 Million -45.62%
Dividends Paid AU$196.90 Million -9.41%
Share Repurchases AU$4.50 Million -0.22%
Other Comprehensive Income AU$-79.10 Million -3.78%
Other Changes AU$118.20 Million +5.65%
Total Change AU$- -34.80%

Book Value vs Market Value Analysis

This analysis compares IGO Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.64x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 89.62x to 2.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-06-30 AU$0.08 AU$7.29 x
2002-06-30 AU$0.11 AU$7.29 x
2003-06-30 AU$0.16 AU$7.29 x
2004-06-30 AU$0.43 AU$7.29 x
2005-06-30 AU$0.46 AU$7.29 x
2006-06-30 AU$0.40 AU$7.29 x
2007-06-30 AU$0.87 AU$7.29 x
2008-06-30 AU$1.62 AU$7.29 x
2009-06-30 AU$1.69 AU$7.29 x
2010-06-30 AU$1.86 AU$7.29 x
2011-06-30 AU$5.65 AU$7.29 x
2012-06-30 AU$2.91 AU$7.29 x
2013-06-30 AU$2.77 AU$7.29 x
2014-06-30 AU$2.59 AU$7.29 x
2015-06-30 AU$2.81 AU$7.29 x
2016-06-30 AU$3.25 AU$7.29 x
2017-06-30 AU$2.98 AU$7.29 x
2018-06-30 AU$3.02 AU$7.29 x
2019-06-30 AU$3.09 AU$7.29 x
2020-06-30 AU$3.21 AU$7.29 x
2021-06-30 AU$4.70 AU$7.29 x
2022-06-30 AU$4.52 AU$7.29 x
2023-06-30 AU$4.99 AU$7.29 x
2024-06-30 AU$4.22 AU$7.29 x
2025-06-30 AU$2.76 AU$7.29 x

Capital Efficiency Dashboard

This dashboard shows how efficiently IGO Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): -45.62%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -190.96%
  • • Asset Turnover: 0.21x
  • • Equity Multiplier: 1.13x
  • Recent ROE (-45.62%) is below the historical average (11.34%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 -35.93% -50356.63% 0.00x 1.07x AU$-1.90 Million
2003 11.39% 5.69% 0.47x 4.26x AU$170.40K
2004 56.21% 25.98% 0.97x 2.22x AU$14.25 Million
2005 42.75% 25.01% 0.99x 1.72x AU$16.44 Million
2006 73.00% 31.08% 0.98x 2.39x AU$30.19 Million
2007 102.40% 47.26% 0.81x 2.68x AU$95.06 Million
2008 26.71% 37.11% 0.56x 1.29x AU$32.24 Million
2009 8.25% 16.99% 0.41x 1.18x AU$-3.42 Million
2010 13.38% 25.86% 0.41x 1.27x AU$7.26 Million
2011 0.68% 3.66% 0.15x 1.28x AU$-75.86 Million
2012 -44.43% -137.83% 0.25x 1.27x AU$-349.50 Million
2013 2.82% 8.10% 0.27x 1.27x AU$-46.66 Million
2014 7.64% 11.67% 0.51x 1.28x AU$-14.39 Million
2015 11.54% 15.50% 0.60x 1.23x AU$10.23 Million
2016 -4.04% -14.22% 0.21x 1.38x AU$-204.35 Million
2017 0.98% 4.03% 0.19x 1.27x AU$-156.27 Million
2018 2.96% 6.77% 0.36x 1.22x AU$-125.20 Million
2019 4.11% 9.70% 0.36x 1.18x AU$-108.82 Million
2020 8.05% 26.73% 0.25x 1.19x AU$-37.49 Million
2021 5.12% 26.43% 0.17x 1.13x AU$-156.15 Million
2022 9.63% 39.15% 0.17x 1.42x AU$-12.62 Million
2023 14.49% 52.30% 0.22x 1.25x AU$170.08 Million
2024 0.09% 0.33% 0.24x 1.11x AU$-318.13 Million
2025 -45.62% -190.96% 0.21x 1.13x AU$-1.16 Billion

Industry Comparison

This section compares IGO Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $2,995,611
  • Average return on equity (ROE) among peers: -21.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
IGO Ltd (IGO) AU$2.06 Billion -35.93% 0.12x $3.03 Billion
EXULTANT FPO [10X] (10X) $5.63 Million -1.35% 0.01x $1.10K
Morella Corporation Ltd (1MC) $5.43 Million -6.71% 0.57x $2.93 Million
6K Additive Inc (6KA) $-21.36 Million 0.00% 0.00x $24.91 Million
Atlantic Lithium Ltd (A11) $789.39K -143.95% 0.47x $71.83 Million
African Gold Ltd (A1G) $6.42 Million -11.14% 0.01x $170.41 Million
Albright Metals Ltd (ABR) $5.61 Million 0.47% 0.11x $1.11 Million
Audalia Resources Ltd (ACP) $2.12 Million -18.55% 0.04x $893.85K
Accent Resources NL (ACS) $4.38 Million -14.12% 0.03x $211.71K
Acdc Metals Ltd (ADC) $10.13 Million -6.86% 0.04x $1.02 Million
Admiralty Resources NL (ADY) $10.81 Million -14.31% 1.16x $5.70 Million