Shares of Iluka Resources Limited plummeted 5.11% during intraday trading on Thursday, following the company's announcement of significant financial charges and a subdued production forecast for the coming year.
The critical minerals miner stated that its full-year 2025 results will include exceptional pre-tax charges totalling A$565 million. This includes a non-cash impairment charge of approximately A$350 million related to its mineral sands business unit, reflecting a reduction in the carrying value of these assets.
Further weighing on investor sentiment, the company's 2026 production outlook assumes that its SR2 and Cataby operations will remain idle throughout the entire year, indicating potential ongoing challenges in its core production segments.