Iluka Resources posts $288m loss after impairments, inventory write-down
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The news: Rare earths business Iluka Resources swung to a $288 million loss in calendar year 2025, down from a $231 million profit in the preceding year, due to previously announced impairments to its mineral sands facility and inventory value write downs.
The numbers: The loss was larger than the $196.1 million expected. Underlying group EBITDA slipped from $499 million in 2024 to $329 million in 2025.
Iluka declared a fully franked final dividend of three cents per share, down from four cents per share in the previous corresponding period. This puts the full-year dividend for 2025 at 5 cents per share fully franked, down from 8 cents per share in the previous year.
The context: Demand for mineral sands was "subdued due to macroeconomic uncertainty and changes in the pigment industry", according to the company. As such, the company suspended production at its Cataby and SR2 facilities.
The company also withdrew sales guidance under its long-term synthetic rutile contracts as "existing subsequently adjusted to underpin minimum contracted revenue of $240 million in 2026".
The source: ASX
