IGO Ltd. (IGO.AX) Thursday said that its sales revenue came in at A$105 million in the first quarter of 2026, a 17 percent decline from A$127 million recorded in the previous quarter.
The Australian exploration and mining company said that the quarterly sales revenue were negatively impacted by less copper shipments and lower realised nickel prices from Nova.
According to IGO Ltd, during the first quarter, underlying EBITDA surged 293 percent to A$19.3 million from A$4.9 million in the prior quarter. Underlying EBITDA benefitted from positive mark-to-market listed investment movement, while the fourth quarter of 2025 was impacted by rehabilitation provision adjustments, the company added.
The company said that Nova EBITDA dropped 50 percent to A$25 million in the first quarter from A$50 million in the fourth quarter of 2025.
On the ASX, IGO.AX ended Wednesday's trading at A$5.53, up 1.5 percent.
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