ILKAY (Iluka Resources) EBIT: $-273.1 Mil (TTM As of Dec. 2025)


ILKAY Iluka Resources Ltd ILKAY
71 GF Score
Price $26.68
GF Value $15.91
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Iluka Resources EBIT?

Iluka Resources ILKAY +1.83% 71 EBIT is $-273.1 Mil as of Dec. 2025. GuruFocus rates ILKAY with a GF Score™ of 71/100 and a GF Value™ of $15.91 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Iluka Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $-358.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-273.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Iluka Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 0.43%. Iluka Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -37.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Iluka Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -8.89%.

Iluka Resources  (OTCPK:ILKAY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Iluka Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=15.946 * ( 1 - 31.14% )/( (2532.877 + 2595.216)/ 2 )
=10.9804156/2564.0465
=0.43 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2838.281 - 181.055 - ( 124.349 - max(0, 243.555 - 915.365+124.349))
=2532.877

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2804.053 - 178.472 - ( 30.365 - max(0, 222.126 - 778.605+30.365))
=2595.216

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Iluka Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-716.81/( ( (1373.763 + max(552.865, 0)) + (1330.1 + max(519.934, 0)) )/ 2 )
=-716.81/( ( 1926.628 + 1850.034 )/ 2 )
=-716.81/1888.331
=-37.96 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(192.839 + 597.721 + 0.45600000000002) - (181.055 + 11.133 + 45.963)
=552.865

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(177.276 + 486.379 + 70.432) - (178.472 + 0 + 35.681)
=519.934

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Iluka Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-273.053/3070.093
=-8.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iluka Resources EBIT Related Terms

Iluka Resources EBIT Historical Data

* Premium members only.

The historical data trend for Iluka Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iluka Resources EBIT Chart

Iluka Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 365.67 496.69 320.82 212.03 -271.30

Iluka Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 123.23 127.76 90.18 85.35 -358.41

Iluka Resources EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Iluka Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iluka Resources EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Iluka Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Iluka Resources's EV-to-EBIT falls into.


ILKAY
71GF Score
Iluka Resources Ltd ILKAY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Iluka Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-273.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-273.1 Mil mean?
Iluka Resources (ILKAY) has a EBIT of $-273.1 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Iluka Resources.
Is Iluka Resources' EBIT too high?
Iluka Resources' current EBIT is $-273.1 Mil. Overall, Iluka Resources has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iluka Resources' EBIT compare to competitors?
Iluka Resources' EBIT of $-273.1 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Iluka Resources. Iluka Resources's current EBIT is $-273.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iluka Resources stock overvalued right now?
Based on GuruFocus' analysis, Iluka Resources (ILKAY) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.91, compared to a current price of $26.68 — trading 67.7% above its estimated fair value. The current EBIT is $-273.1 Mil. Iluka Resources' overall GF Score™ is 71/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Iluka Resources (ILKAY), the current EBIT is $-273.1 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Iluka Resources (ILKAY) Overvalued in 2026?

Based on GuruFocus' analysis, Iluka Resources stock appears to be overvalued. The current stock price of $26.68 is trading 67.7% above its estimated GF Value™ of $15.91. GuruFocus considers Iluka Resources to be Significantly Overvalued.

Key valuation signals for ILKAY:

  • EBIT: $-273.1 Mil
  • GF Value™: $15.91 vs. price of $26.68 (67.7% above fair value)
  • GF Score™: 71/100 with 11 warning signs

No single metric tells the full story. See the ILKAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iluka Resources Business Description

Address 240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000
Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia, but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Production from the Balranald rutile and zircon mine commenced in late 2025, and Iluka is also building a rare-earth refinery at Eneabba. The refinery will be able to process Iluka's existing monazite stockpile as well as feed from third parties, Balranald, and future Iluka projects.
71GF Score

Get the complete analysis for ILKAY

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.68
Price
$15.91
GF Value