Australia's IGO rises on higher sales revenue, upbeat outlook

IGO

28/07/2026 01:26

** Shares of Australia's IGO IGO.AX rise as much as 4.7% to A$7.070, hitting their highest level since July 10
** The lithium producer reports fourth-quarter sales revenue of A$141.4 million ($98.73 million), an 18% sequential rise from prior quarter
** Company also logs underlying EBITDA of A$117.8 million, largely in line with its previous quarter
** IGO says it expects higher spodumene production at its Greenbushes lithium mine for 2027
** Stock down over 15% this year, including the day's move

($1 = 1.4323 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))