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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.783 0.033 (4.33%)+
Announcement
Release
28 Aug 2025 9:54AM
Price at Release
$0.750
Full Release
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Summary
Nickel Industries Limited reported its financial results for the half-year ending 30 June 2025. The Group achieved a profit of $25.5 million, up from $14 million in the previous year, despite a slight decrease in revenue from $843.3 million to $829.7 million. The company’s production included 66,450 tonnes of finished nickel metal, with significant contributions from their operations in Indonesia. Key projects like the Excelsior Nickel Cobalt Project and the Hengjaya Mine saw continued advancement and production capacity increases. The company faced challenges with operating costs due to higher sulphur costs but maintained a stable EBITDA margin. The Excelsior Nickel Cobalt Project is set for further expansion, and the company plans to increase its interest in this and other projects. The company's cash flow from operations was $60.1 million, with significant investments in property and equipment. The directors express confidence in the company’s ability to meet its financial obligations.
Key Points
  • Net profit increased to $25.5 million from the previous year's $14 million.
  • Revenue slightly decreased from $843.3 million to $829.7 million.
  • Produced 66,450 tonnes of nickel metal.
  • Increased production and sales at Hengjaya Mine.
  • Continued progress on Excelsior Nickel Cobalt Project.
  • Operating costs increased due to higher sulphur costs.
  • Cash flow from operations was $60.1 million.
  • Increased investment in property, plant, and equipment.
  • Company plans further expansion and increased project interest.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.