IAL.SG
Price
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on IAL.SG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.85B | $1.63B | $987.10M | $958.80M | +74.7% |
| Operating revenue | $2.85B | $1.63B | $987.10M | $958.80M | +74.7% |
| Cost of revenue | $1.65B | $1.08B | $863.00M | $810.90M | +52.0% |
| Gross profit | $1.21B | $549.90M | $124.10M | $147.90M | +119.3% |
| Selling, general & admin | $55.30M | $43.50M | $46.90M | $51.10M | +27.1% |
| Total operating expense | $95.80M | $57.50M | $95.10M | $92.70M | +66.6% |
| Operating income | $1.11B | $492.40M | $29.00M | $55.20M | +125.5% |
| Net interest income | -$107.90M | -$15.20M | $41.30M | $10.00M | -609.9% |
| Pre-tax income | $969.80M | $977.20M | $128.20M | $41.70M | -0.8% |
| Tax provision | $237.50M | $129.40M | $30.70M | $78.10M | +83.5% |
| Net income | $664.40M | $819.60M | $94.30M | -$70.10M | -18.9% |
| Net income to common | $664.40M | $819.60M | $94.30M | -$70.10M | -18.9% |
| Basic EPS | 1.16 | 1.52 | 0.19 | -0.15 | -23.7% |
| Diluted EPS | 1.14 | 1.50 | 0.19 | -0.15 | -24.0% |
| EBIT | $1.07B | $990.50M | $93.70M | $31.60M | +8.5% |
| EBITDA | $1.50B | $1.27B | $315.40M | $273.60M | +18.2% |
| Basic shares | 575.10M | 539.80M | 480.60M | 478.60M | +6.5% |
| Diluted shares | 581.70M | 545.90M | 484.60M | 478.60M | +6.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $421.90M | $347.50M | $367.10M | $407.80M | — | +21.4% |
| Cash & short-term investments | $422.90M | $348.50M | $367.10M | $407.80M | — | +21.3% |
| Accounts receivable | — | — | — | — | $0 | — |
| Inventory | $377.00M | $271.90M | $266.30M | $199.90M | — | +38.7% |
| Total current assets | $903.70M | $668.30M | $753.70M | $1.52B | — | +35.2% |
| Property, plant & equipment | $4.57B | $4.37B | $3.53B | $2.69B | — | +4.6% |
| Total assets | $5.85B | $5.37B | $4.54B | $4.43B | — | +8.9% |
| Total current liabilities | $517.10M | $550.60M | $630.80M | $646.20M | — | -6.1% |
| Current debt | $1.00M | $1.00M | $5.00M | $8.70M | — | 0.0% |
| Long-term debt | $648.80M | $1.03B | $825.80M | $910.00M | — | -36.9% |
| Total debt | $761.80M | $1.15B | $952.10M | $992.50M | — | -33.9% |
| Total liabilities | $1.61B | $1.97B | $2.27B | $2.22B | — | -18.6% |
| Retained earnings | $872.60M | $259.40M | -$538.30M | -$632.40M | — | +236.4% |
| Shareholder equity | $4.19B | $3.34B | $2.21B | $2.13B | — | +25.6% |
| Working capital | $386.60M | $117.70M | $122.90M | $875.10M | — | +228.5% |
| Shares issued | 591.10M | 571.40M | 481.31M | 478.98M | — | +3.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $732.30M | $847.80M | $97.50M | -$36.40M | — | -13.6% |
| Depreciation & amortisation | $420.90M | $275.00M | $221.70M | $242.00M | — | +53.1% |
| Stock-based compensation | $8.30M | $5.70M | $6.20M | $5.10M | — | +45.6% |
| Change in working capital | -$61.80M | -$114.40M | -$14.90M | -$40.60M | — | +46.0% |
| Operating cash flow | $1.14B | $486.00M | $159.40M | $408.70M | — | +135.1% |
| Capital expenditure | -$301.60M | -$559.10M | -$908.40M | -$744.60M | — | +46.1% |
| Investing cash flow | -$378.30M | -$582.40M | -$402.30M | -$891.90M | — | +35.0% |
| Share buybacks | -$50.00M | $0 | — | — | — | — |
| Dividends paid | $0 | $0 | $0 | — | $0 | — |
| Financing cash flow | -$709.40M | $83.30M | $201.70M | $404.00M | — | -951.6% |
| Free cash flow | $841.00M | -$73.10M | -$749.00M | -$335.90M | — | +1,250.5% |
| End cash position | $421.90M | $347.50M | $367.10M | $407.80M | — | +21.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $856.90M | $1.03B | $1.09B | $706.70M | $580.90M | — | -16.8% |
| Operating revenue | $856.90M | $1.03B | $1.09B | $706.70M | $580.90M | — | -16.8% |
| Cost of revenue | $441.80M | $459.40M | $494.50M | $434.10M | $382.10M | — | -3.8% |
| Gross profit | $415.10M | $570.70M | $593.60M | $272.60M | $198.80M | — | -27.3% |
| Selling, general & admin | $21.80M | $15.40M | $11.80M | $14.60M | $12.50M | — | +41.6% |
| Total operating expense | $29.00M | $26.00M | $26.80M | $21.30M | $21.20M | — | +11.5% |
| Operating income | $386.10M | $544.70M | $566.80M | $251.30M | $177.60M | — | -29.1% |
| Net interest income | -$8.00M | -$2.80M | -$31.20M | -$33.20M | -$20.10M | — | -185.7% |
| Pre-tax income | $365.10M | $533.80M | $519.70M | $199.60M | $164.80M | — | -31.6% |
| Tax provision | $109.30M | $116.40M | $75.00M | $44.40M | $78.90M | — | -6.1% |
| Net income | $230.50M | $379.70M | $406.60M | $139.40M | $78.70M | — | -39.3% |
| Net income to common | $230.50M | $379.70M | $406.60M | $139.40M | $78.70M | — | -39.3% |
| Basic EPS | 0.40 | 0.65 | — | — | 0.14 | 0.07 | -38.5% |
| Diluted EPS | 0.40 | 0.64 | — | — | 0.14 | 0.07 | -37.5% |
| EBIT | $369.50M | $536.40M | $560.30M | $228.30M | $183.20M | — | -31.1% |
| EBITDA | $488.10M | $652.10M | $696.60M | $338.20M | $278.20M | — | -25.1% |
| Basic shares | 578.00M | 587.60M | — | — | 575.10M | 572.50M | -1.6% |
| Diluted shares | 582.80M | 594.00M | — | — | 580.70M | 579.60M | -1.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $501.40M | $550.20M | $421.90M | $314.30M | $223.80M | -8.9% |
| Cash & short-term investments | $502.40M | $551.20M | $422.90M | $315.30M | $224.80M | -8.9% |
| Inventory | $366.20M | $355.90M | $377.00M | $300.70M | $293.60M | +2.9% |
| Total current assets | $940.00M | $990.70M | $903.70M | $688.80M | $604.20M | -5.1% |
| Property, plant & equipment | $4.57B | $4.57B | $4.57B | $4.28B | $4.36B | +0.1% |
| Total assets | $5.95B | $5.99B | $5.85B | $5.38B | $5.33B | -0.7% |
| Total current liabilities | $549.00M | $523.30M | $517.10M | $409.10M | $409.90M | +4.9% |
| Current debt | $200.00K | $300.00K | $1.00M | $1.50M | $1.30M | -33.3% |
| Long-term debt | $449.10M | $548.90M | $648.80M | $971.00M | $1.06B | -18.2% |
| Total debt | $539.80M | $651.00M | $761.80M | $1.09B | $1.19B | -17.1% |
| Total liabilities | $1.51B | $1.57B | $1.61B | $1.79B | $1.89B | -3.5% |
| Retained earnings | $1.48B | $1.25B | $872.60M | $466.30M | $326.90M | +18.4% |
| Shareholder equity | $4.40B | $4.33B | $4.19B | $3.57B | $3.43B | +1.5% |
| Working capital | $391.00M | $467.40M | $386.60M | $279.70M | $194.30M | -16.3% |
| Net tangible assets | $4.40B | $4.33B | $4.19B | $3.57B | $3.43B | +1.5% |
| Shares issued | 574.30M | 580.10M | 591.10M | 575.20M | 575.05M | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $255.80M | $417.40M | $444.70M | $155.20M | $85.90M | — | -38.7% |
| Depreciation & amortisation | $118.60M | $115.70M | $136.30M | $109.90M | $95.00M | — | +2.5% |
| Stock-based compensation | $2.50M | $1.90M | $2.00M | $1.70M | $1.50M | — | +31.6% |
| Change in working capital | $2.20M | -$59.60M | $10.10M | $200.00K | -$41.50M | — | +103.7% |
| Operating cash flow | $445.10M | $569.90M | $701.70M | $280.80M | $85.80M | — | -21.9% |
| Capital expenditure | -$129.00M | -$109.20M | -$90.00M | -$66.50M | -$80.20M | — | -18.1% |
| Investing cash flow | -$145.30M | -$81.00M | -$158.10M | -$68.80M | -$64.80M | — | -79.4% |
| Share buybacks | -$147.90M | -$260.00M | — | — | $0 | $0 | +43.1% |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | — | — |
| Financing cash flow | -$340.40M | -$356.50M | -$433.30M | -$124.90M | -$126.10M | — | +4.5% |
| Free cash flow | $316.10M | $460.70M | $611.70M | $214.30M | $5.60M | — | -31.4% |
| End cash position | $501.40M | $550.20M | $421.90M | $314.30M | $223.80M | — | -8.9% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 21, 26 | Jefferies | INITIATED | — | Buy |
| Aug 12, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jul 14, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jul 9, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 9, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Feb 25, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jan 26, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Oct 23, 25 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Oct 10, 25 | Raymond James | MAINTAINED | Market Perform | Market Perform |
| Oct 10, 25 | CIBC | MAINTAINED | Outperformer | Outperformer |
| Sep 10, 25 | RBC Capital | UPGRADE | Sector Perform | Outperform |
| Jul 15, 25 | CIBC | MAINTAINED | Outperformer | Outperformer |
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.