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Nickel Industries Limited (ASX:NIC)

ALERT: Price-sensitive ASX Announcement for NIC
Current share price for NIC : $0.800 0.02 (2.56%)+
Announcement
Release
29 Jul 2026 9:36AM
Price at Release
$0.780
Full Release
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Summary
The June 2026 Quarterly Activities Report for Nickel Industries Limited highlights several significant developments and financial results. For the quarter ended 30 June 2026, the company reported an adjusted EBITDA of US$120.5 million from operations. The report detailed a record quarterly adjusted EBITDA of US$45.7 million from its Hengjaya Mine, attributed to increased nickel ore prices due to changes in Indonesia's nickel ore HPM. The company also completed the commissioning of its Excelsior Nickel Cobalt HPAL project (ENC) and produced its first MHP in July. Additionally, Nickel Industries announced agreements to acquire interests in the PT Chengsheng New Energy and PT Teluk Metal Industry HPAL projects, along with a significant resource upgrade at its Sampala Project, which is valued at over US$1.3 billion. The company executed US$450 million in unsecured loan facilities to refinance existing debt, enhancing its financial flexibility. Safety and environmental sustainability were also highlighted, with the company maintaining a NIL lost time injury frequency rate and retaining its Green PROPER rating for the Hengjaya Mine.
Key Points
  • Record quarterly adjusted EBITDA of US$45.7 million at Hengjaya Mine.
  • Completion of ENC project commissioning with first MHP production in July.
  • Acquisition agreements for interests in CNE and TMI HPAL projects.
  • Significant resource upgrade at Sampala Project valued over US$1.3 billion.
  • Execution of US$450 million unsecured loan facilities for debt refinancing.
  • Maintenance of NIL lost time injury frequency rate.
  • Retained Green PROPER rating for Hengjaya Mine.
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.