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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.820 -0.09 (-9.89%)+
Announcement
Release
19 Jan 2026 9:42AM
Price at Release
$0.910
Full Release
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Summary
Nickel Industries Limited provided an operating update, highlighting an expected Adjusted EBITDA from operations of US$35m to US$40m for the December 2025 quarter. The delay in securing an increased RKAB for Hengjaya Mine led to a significant reduction in ore sales, impacting the EBITDA. Despite this, the HNC HPAL project achieved record quarterly Adjusted EBITDA, and Hengjaya Mine showed resilience with strong sales in early 2026. Nickel Industries is expanding its focus to include electric vehicle battery supply chains, marked by a new interest in the Huayue Nickel Cobalt project and ongoing efforts to commission the Excelsior Nickel Cobalt project.
Key Points
  • Nickel Industries Limited expects December 2025 quarter Adjusted EBITDA from operations to be in the range of US$35m-US$40m.
  • EBITDA was affected by a delay in securing an increased RKAB for Hengjaya Mine, reducing ore sales significantly in the December quarter.
  • HNC HPAL achieved a quarterly record Adjusted EBITDA of US$129m.
  • Despite high rainfall, Hengjaya Mine sold approximately 735,000 wmt of nickel ore by 17 January 2026.
  • Foregone ore sales for the December quarter are estimated at US$45m, with an additional US$18m impact from contractor standby costs.
  • Nickel Industries is shifting its production focus towards the electric vehicle battery supply chain.
  • The company has acquired a 10% interest in the Huayue Nickel Cobalt HPAL project.
  • Nickel Industries is commissioning the Excelsior Nickel Cobalt project, expected to produce 72,000 tonnes of nickel metal annually.
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.