IRD reports $98.6M FY26 loss after $96.5M CEIP impairment
IRD says a $96.5M non-cash CEIP impairment drove a $98.6M FY26 loss, with revenue sharply down and net assets falling 72%. Management highlights cost control and preserving project optionality, including Mulgathing exploration and partner engagement.
6M FY26 loss, while revenue fell sharply and net assets declined 72%. The company said its strategic focus is on preserving project optionality, advancing Mulgathing exploration and engaging partners for CEIP and Cape Hardy, as it continues to operate in challenging market and funding conditions.