0128 GMT - IGO surprises with a final dividend of A$0.05/share, versus consensus of A$0.01/share. "This marks IGO's first dividend since FY24 as dividends had been suspended due to the downturn in the lithium cycle," Citi says. Otherwise, the miner reports a broadly in-line set of FY results, says the bank. "With CGP3 restarting production in early August and Nova expected to leave the portfolio following completion of the sale, investor focus increasingly shifts toward capital allocation discipline, Greenbushes optimization and the company's copper growth ambitions," Citi says. It has a neutral rating and A$7.10/share target on the stock. Shares are up 1.3% at A$8.30.
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