Nickel Industries
NIC.ASXMaterials
Nickel production.
Market Data
$1.060
+0.0%$4.6B
-100000.0x
$-0.018
0.00%
+0.2%
Latest Earnings
Annual Report and Appendix 4E
23 February 2026
Nickel Industries delivered mixed results for 2025 with sales revenue down 5.5% to US$1.65 billion amid challenging nickel market conditions, but turned around from a US$190M loss in 2024 to a smaller US$41M loss. The company strengthened its balance sheet through refinancing with US$800M senior unsecured notes and is positioned for growth with the ENC HPAL project expected to commission in H1 2026. Key points: Record 19.2 million tonnes of ore mined at Hengjaya Mine despite operational challenges; Successful refinancing with US$800M senior unsecured notes extending debt maturity profile and reducing cost of debt; Strategic partnership with Sphere Corp (SpaceX supplier) acquiring 10% interest in ENC project validates low-carbon nickel strategy
Recent Announcements
Annual Report and Appendix 4E
Nickel Industries delivered mixed results for 2025 with sales revenue down 5.5% to US$1.65 billion amid challenging nickel market conditions, but turned around from a US$190M loss in 2024 to a smaller US$41M loss. The company strengthened its balance sheet through refinancing with US$800M senior unsecured notes and is positioned for growth with the ENC HPAL project expected to commission in H1 2026. Key points: Record 19.2 million tonnes of ore mined at Hengjaya Mine despite operational challenges; Successful refinancing with US$800M senior unsecured notes extending debt maturity profile and reducing cost of debt; Strategic partnership with Sphere Corp (SpaceX supplier) acquiring 10% interest in ENC project validates low-carbon nickel strategy
2025 Full Year Results Webcast Details
Nickel Industries Limited announced it will release its 2025 Annual Report on Monday, 23 February 2026, followed by a webcast presentation at 11:00am AEDT led by Managing Director Justin Werner.
Half Year Results Presentation
Nickel Industries Limited reported 1H 2025 results with sales revenue of US$829.7m, profit after tax of US$25.5m, and adjusted EBITDA of US$159.3m, driven by strong performance from Hengjaya Mine (EBITDA up 76%) despite lower RKEF earnings, with the company progressing its ENC HPAL project toward late Q4 2025 commissioning.
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