Iluka Resources (ILKAY) FY 2025 Q4 Earnings Call Transcript
Iluka Resources Limited (ILKAY) conducted its Q4 2025 Earnings Call on February 17, 2026, at 5:00 PM EST. The session featured key company executives and analysts from prominent financial institutions.
Among the company participants were Tom O’Leary, serving as Managing Director, CEO, and Director, alongside Adele Stratton, who holds the positions of Chief Financial Officer and Head of Development.
The conference call included contributions from several analysts, including Paul Young from the Goldman Sachs Group, Inc., Research Division; Rahul Anand from Morgan Stanley, Research Division; Glyn Lawcock from Barrenjoey Markets Pty Limited, Research Division; Austin Yun from Macquarie Research; Chen Jiang from BofA Securities, Research Division; and Dim Ariyasinghe from UBS Investment Bank, Research Division.
Presentation
The operator opened the call by greeting participants and welcoming them to Iluka Resources’ FY 2025 Results presentation. The operator provided standard instructions for the call and noted that the entire session was being recorded for reference.
Following the introduction, the operator transitioned the conference to the first speaker, Tom O’Leary, the Managing Director of Iluka Resources, inviting him to begin.
Tom O’Leary’s Opening Remarks
Managing Director, CEO & Director
Good morning, everyone. Today, I am joined by Adele Stratton and Luke Woodgate here in Sydney. We truly appreciate you taking the time to join us for this update. To respect your schedules, I will keep my initial remarks brief, and we will promptly move into the question-and-answer portion of the call.
The comprehensive financial results released this morning were largely anticipated and covered in detail during our quarterly review on January 29, just a few weeks prior. Although there have been some additional advancements since that discussion, the primary messages and insights remain consistent and unchanged.
In the Mineral Sands segment, we anticipate gaining increased visibility into the market dynamics after the Chinese New Year period, particularly concerning zircon demand. Additionally, we expect clearer signals ahead of the North American coating season for titanium dioxide feedstocks, which will help shape our forward planning.
Since our last communication, we have successfully upheld our previously announced commitments and secured further contracted zircon sales. These now total 41,000 tonnes of sand and 11,000 tonnes of zircon in concentrate for the upcoming first quarter, providing a solid foundation for near-term revenue.
All the industry updates I highlighted during the quarterly briefing continue to hold relevance. These encompass Rio Tinto’s ongoing evaluation of its titanium feedstocks operations, the ongoing efforts to streamline global pigment production capacity, the consequences of antidumping duties imposed on exports from China, and the various operational adjustments implemented across the sector to address current market conditions.
