CANBERA (dpa-AFX) - IGO Limited (IIDDY.PK), Thursday announced its second-quarter financial report, revealing sales revenue of A$82 million compared to A$105 million in the first quarter.
The decline in sales revenue was primarily due to lower nickel sales volumes during the period.
The quarterly underlying EBITDA stood at A$30 million, up 55 percent from A$19 million in the previous quarter.
CEO Ivan Vella noted, 'The continued focus on harm prevention and safety culture has resulted in a further improvement in our reported TRIFR in the quarter to 5.8. This is a pleasing result and we are now putting in place measures to sustain this progress.'
Currently, IGO is trading at $11.98, without any movement on the OTC Markets.
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