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Iluka Resources Limited

ILU.AXBasic MaterialsASX

Other Industrial Metals & Mining

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Financials · Annual
Revenue
$1.02B
-13.2% YoY
Net Income
-$288.4M
-224.7% YoY
EBITDA
-$175.8M
-133.4% YoY
Free Cash Flow
-$410.2M

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About Iluka Resources Limited

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas,. At a $3.41B market cap, Iluka Resources Limited ranks as a mid-cap company within basic materials. The company operates through Mineral Sands, Rare Earths, and Idle segments.

Key stats
Market Cap$3.41B
Fwd P/E-23.81
EPS$-0.67
Beta0.77
52W Change+118.8%
Dividend Yield0.63%
ROE-13.0%
Analysis

The company holds $45.7M in cash, though total debt stands at $1.14B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$410.2M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -13.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $1.61B (2022) to $1.02B (2025), a 37% decline worth watching.

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing ILU.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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