Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data ioneer Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
0
0
0
0
0
Operating income
-6.68
-12
-9.7
-9.23
-10.2
Interest expense
7.58
0.02
0.02
0.01
0.01
Interest income
0.22
3.49
3.32
1.41
0.65
Pre-tax income
-14
-8.5
-6.39
-7.83
-9.55
Income tax
0
0
0
0
0
Net income
-14
-8.5
-6.39
-7.83
-9.55
EBITDA
-6.5
-11.8
-9.64
-8.97
-9.92
EPS, basic
-0.80
-0.42
-0.30
-0.36
-0.41
EPS, diluted
-0.80
-0.42
-0.30
-0.36
-0.41
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
62.5
94.2
52.7
35.7
25.1
Receivables
0.25
0.14
0.35
0.32
0.19
Total current assets
62.7
94.3
53.1
36.1
25.3
Property, plant and equipment
0
0
0.52
0.41
0.29
Lease right-of-use assets
0.23
0.25
0.2
0.07
0.33
Total assets
149
213
206
224
234
Accounts payable
5.16
8.96
8.47
4.54
2.41
Short-term debt
0
0
1.2
0
Total current liabilities
5.41
9.46
8.84
6.21
2.98
Lease liabilities
0.06
0.09
0.08
0.04
0.27
Total liabilities
5.47
9.55
8.92
6.25
3.24
Total debt
996
Retained earnings
-37.6
-46.1
-52.5
-60.4
-69.9
Total equity
144
204
197
218
230
Total liabilities and equity
149
213
206
224
234
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-14
-8.5
-6.39
-7.83
-9.55
Depreciation and amortization
0.18
0.17
0.05
0.26
0.28
Cash from operations
-4.85
-9.35
-8.07
-7.2
-6.81
Capital expenditures
-0.01
0
-0.6
-0
0
Cash from investing
-17.7
-28.4
-32.5
-35.4
-13.8
Debt issued
0
0
1.2
0
Debt repaid
0
0
-1.2
Stock issued
61.5
71.8
0
25.1
16.4
Cash from financing
58.7
75.4
-0.23
25.5
10.2
Exchange rate effect
0.04
-5.96
-0.7
0.1
-0.22
Free cash flow
-4.85
-9.35
-8.67
-7.2
-6.81
Interest paid
0
0.01
0.02
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $3.13 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-4.2%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
4.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
3.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
8.49x
Current assets / current liabilities.
Quick ratio
8.48x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
8.42x
(Cash + short-term investments) / current liabilities.
Debt / assets
426.5%
Total debt / total assets.
Liabilities / assets
1.4%
Total liabilities / total assets.
Net debt
$970.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage
-927x
Operating income / interest expense.
Working capital
$22.3M
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.00x
Revenue / average total assets.
Fixed asset turnover
0.00x
Revenue / average property, plant and equipment.
Receivables turnover
0.00x
Revenue / average receivables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.41
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.41
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$240.6M
Share price x shares outstanding.
Enterprise value
$1.21B
Market cap + total debt - cash - short-term investments.
FCF yield
-2.8%
Free cash flow / market cap.
Earnings yield
-4.0%
Net income / market cap (the inverse of P/E).
What was ioneer Ltd's revenue in fiscal 2025?
ioneer Ltd reported revenue of $0.0 for fiscal 2025.
Was ioneer Ltd profitable in fiscal 2025?
No. It reported a net loss of $9.6M.
How much free cash flow did ioneer Ltd generate in fiscal 2025?
Cash from operations of $6.8M minus capital expenditures of $0.0 left free cash flow of -$6.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.