IGO Limited announced FY22 results for the period ended 30 June 2022

IGO Limited (ASX: IGO) announced its FY22 results for the period ended 30 June 2022:

• The company has delivered FY22 revenue of AU$903.0 million and posted a record underlying EBITDA of AU$717.0 million.
• In FY22, the company reported a net profit after tax of AU$331.0 million, mainly driven by the strong metal prices and IGO’s investment in the Lithium Joint Venture.
• On 20 June 2022, IGO Limited successfully acquired Western Areas, delivering an expanded and diversified portfolio of nickel assets.
• It has announced a fully franked final dividend of 5.0 cents per share, as per its shareholder returns policy.
• During FY22, the company’s nova nickel production was within guidance at 26,675t, and cash costs were better than guided at AU$1.95 per payable pound of nickel.

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