IperionX Limited

NASDAQ•IPX

CEO: Mr. Todd William Hannigan B. Eng (Hons), B.E., M.B.A.

Sector: Basic Materials

Industry: Industrial Materials

Listing Date: 2022-06-21

IperionX Limited engages in exploration and development of its mineral properties in the United States. The company holds a 100% interest in the critical minerals Titan project, which has the resource of titanium, rare earth, and zircon rich mineral sands covering approximately 11,054 acres of surface and associated mineral rights in Tennessee, the United States. It also produces titanium products made from scrap titanium at industrial pilot facility in Utah, United States. IperionX Limited operates titanium business to support various industries, including consumer electronics, aerospace, defense, medical, bicycles, additive manufacturing, hydrogen, and automotive. The company was formerly known as Hyperion Metals Limited and changed its name to IperionX Limited in February 2022. IperionX Limited was incorporated in 2017 and is headquartered in Charlotte, North Carolina.

Contact Information

129 West Trade Street, Suite 1405, Charlotte, NC, 28202, United States

980-237-8900

iperionx.com

Market Cap

$1.12B

P/E (TTM)

-30.3

18.9

Dividend Yield

52W High

$61.45

52W Low

$19.43

52W Range

33%

Rank59Top 87.6%

2.2

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Weak • 2.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q2 2026 Data

Revenue

$0.00+0.00%

4-Quarter Trend

EPS

-$10.40+0.00%

4-Quarter Trend

FCF

-$14.22M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Cash Reserves Strengthened Cash reserves reached $54.8M USD by June 30, 2025, up from $33.2M USD in 2024; financing provided $68.0M USD.

Titanium Production Milestone Achieved HAMR furnace completed first commercial deoxygenation run in August 2024; TPF commissioning complete, ramping up production.

Significant Government Funding Secured Company awarded approximately $60M USD in funding and grants through DPA Title III and IBAS programs as of June 30, 2025.

Operating Loss Widened Loss before income tax was $(35.35M) USD for FY 2025, increasing from $(21.84M) USD in FY 2024.

Risk Factors

Continued Operating Losses Expected Expect continuing net losses until commercial scale titanium metal production ramps up successfully; history shows current losses.

Future Financing Dependency Critical Successful scale-up and Titan Project development depend on obtaining future financing through debt or equity means.

Scale-Up Production Failure Risk Failure to commercially scale titanium metal production processes may result in material adverse impacts to growth projections.

Mineral Properties Title Uncertainty Ownership of some TPF assets rests with the U.S. government until 2027, posing risks of loss of use or operational disruption.

Outlook

Production Capacity Expansion Plan Detailed plans exist to scale titanium production capacity seven-fold to 1,400 tpa by 2027 using Virginia facility improvements.

Titan Project Feasibility Study Definitive feasibility study for the Titan Project, funded by DoW, is expected to be completed in Q2 2026.

Aiming for Global Component Leadership Targeting global leadership in advanced manufacturing of high-performance components exceeding 10,000 tpa by 2030.

Vertical Integration Strategy Intends to integrate patented technologies with upgraded mineral feedstocks from the Titan Project for end-to-end U.S. supply chain.

Peer Comparison

Revenue (TTM)

SID

$8.05B

+2.9%

HUN

$5.69B

-4.7%

IOSP

$1.78B

-3.7%

Gross Margin (Latest Quarter)

SVM

60.9%

+2.2pp

ARMN

54.2%

+15.9pp

TGB

50.9%

+2.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ARMN	$3.93B	46.2	7.2%	21.0%
SKE	$3.55B	-25.9	-148.5%	8.2%
NGVT	$2.68B	-16.3	-127.8%	75.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

N/M

Revenue Volatile

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Sep 23, 2026

EPS:-$0.07

Revenue:$5.34M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data