Iluka Resources (ASX:ILU) FY 2025 Loss Deepens Challenging Bullish Growth Narrative

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Feb 20

AdvertisementIluka Resources FY 2025 earnings snapshot Iluka Resources (ASX:ILU) has capped FY 2025 with a mixed set of numbers, as second half revenue came in at A$437.6 million alongside a basic EPS...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIluka Resources (ASX:ILU) FY 2025 Loss Deepens Challenging Bullish Growth Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-20 04:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/materials/asx-ilu/iluka-resources-shares/news/iluka-resources-asxilu-fy-2025-loss-deepens-challenging-bull><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AdvertisementIluka Resources FY 2025 earnings snapshot Iluka Resources (ASX:ILU) has capped FY 2025 with a mixed set of numbers, as second half revenue came in at A$437.6 million alongside a basic EPS...</p>\n\n<a href=\"https://simplywall.st/stocks/au/materials/asx-ilu/iluka-resources-shares/news/iluka-resources-asxilu-fy-2025-loss-deepens-challenging-bull\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://simplywall.st/stocks/au/materials/asx-ilu/iluka-resources-shares/news/iluka-resources-asxilu-fy-2025-loss-deepens-challenging-bull","article_id":"2612223179","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2052000-choice1-main-header/1585186836557"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/materials/asx-ilu/iluka-resources-shares/news/iluka-resources-asxilu-fy-2025-loss-deepens-challenging-bull","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612223179","pubTimestamp":1771532344,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Iluka Resources FY 2025 earnings snapshot\nIluka Resources (ASX:ILU) has capped FY 2025 with a mixed set of numbers, as second half revenue came in at A$437.6 million alongside a basic EPS loss of A$0.89, following a profitable first half. The company has seen revenue shift from A$540.6 million and EPS of A$0.23 in 2H 2024 to A$577.8 million and EPS of A$0.22 in 1H 2025, before landing at A$437.6 million with a loss in 2H 2025. This puts the focus squarely on how sustainably Iluka can convert...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","BLSG":"2倍做多BLSH ETF-Leverage Shares","ILU.AU":"ILUKA RESOURCES LIMITED","BK4112":"金融交易所和数据","BLSX":"Tradr 2X Long BLSH Daily ETF"},"translate_title":"Iluka Resources(ASX：ILU)2025财年亏损加深了充满挑战的看涨增长叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLSG":0.6,"ILU.AU":1.96,"BLSX":0.6},"content_text":"AdvertisementIluka Resources FY 2025 earnings snapshot Iluka Resources (ASX:ILU) has capped FY 2025 with a mixed set of numbers, as second half revenue came in at A$437.6 million alongside a basic EPS loss of A$0.89, following a profitable first half. The company has seen revenue shift from A$540.6 million and EPS of A$0.23 in 2H 2024 to A$577.8 million and EPS of A$0.22 in 1H 2025, before landing at A$437.6 million with a loss in 2H 2025. This puts the focus squarely on how sustainably Iluka can convert its titanium production into earnings. Overall, margins looked pressured through the back half of the year, which is likely to keep investors focused on how quickly profitability can stabilise. See our full analysis for Iluka Resources. With the headline figures on the table, the next step is to set these results against the widely followed narratives around Iluka’s growth potential and risk profile to see which stories hold up and which ones the latest numbers call into question. See what the community is saying about Iluka Resources ASX:ILU Earnings & Revenue History as at Feb 2026 Larger trailing loss despite A$1.0b in revenue  On a trailing 12 month view to 2H 2025, Iluka generated A$1,015.4 million in revenue but reported a net loss of A$288.4 million and basic EPS of A$0.67 loss, compared with net income of A$231.3 million and EPS of A$0.54 in the 12 months to 2H 2024. Bulls point to forecasts that earnings could grow at about 57.28% per year and turn positive within three years. However, these trailing figures highlight the gap between that optimistic view and current reality.\n     Forecast revenue growth of 23% per year contrasts with the latest A$380.4 million loss in 2H 2025. As a result, the bullish view relies heavily on future execution rather than recent profitability. Supporters also highlight projects like Eneabba and Balranald as future drivers, but the data here only shows current losses and titanium production of 288,800 tons over the last 12 months, not yet the higher margins bulls are hoping for.    Bulls argue that this earnings dip is a stepping stone to the rare earths and zircon story playing out, not the final verdict on Iluka. 🐂 Iluka Resources Bull Case Share price sits below DCF fair value  With the share price at A$5.64 and a trailing 12 month P/S of 2.4x versus peers at 5.2x, the data set flags Iluka as cheaper than both peers and the wider Metals & Mining industry, and also below a DCF fair value of about A$11.16. Consensus narrative suggests Iluka has meaningful growth projects and cost actions under way. This valuation gap sets up a clear tension between what the numbers say about potential upside and the company’s current loss making position.\n     Analysts’ blended view has revenue growing around the mid teens annually, but they also expect profit margins to compress from 17.0% to 10.8% over three years, which may help explain why the market is not pricing the stock closer to the DCF fair value. At the same time, the consensus price target of A$6.60 is only modestly above the current A$5.64, which signals that, based on these assumptions, many analysts see limited upside without clear progress on earnings quality.    Debt coverage risk against growing loss trend  Over the last 12 months Iluka recorded a net loss of A$288.4 million and losses have grown at around 16% per year over five years, while debt is flagged as not well covered by operating cash flow. Bears focus on this combination of weak cash coverage and rising losses, arguing it could pressure future returns even if revenue grows.\n     Concerns include the capital intensity of projects like Eneabba, which already involves over A$1.0 billion of spend and A$270 million of contingency, set against a period where the company is not generating positive trailing earnings. Critics also point out that if free cash flow stays constrained while revenue is still ramping, Iluka may have less room to handle shocks such as higher costs, lower grades or slower ramp up without affecting shareholder value.    Skeptics see the current loss run rate and weak debt coverage as key reasons to stay cautious until cash generation lines up more closely with the growth story. 🐻 Iluka Resources Bear Case Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Iluka Resources on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. Unsure whether the tone of these results is more promising or concerning? You can act quickly by reviewing the full picture for yourself, including 3 key rewards and 1 important warning sign. See What Else Is Out There Iluka is working through a period of losses, pressured margins and weak debt coverage, which leaves the earnings story and balance sheet looking exposed. If that mix of rising losses and fragile cash coverage feels uncomfortable, it is worth checking companies in our solid balance sheet and fundamentals stocks screener (17 results) that pair sturdier finances with clearer earnings support.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}