The earnings call reflected strong operational performance and significant achievements in safety, sustainability, and production records. However, challenges included lower reported EBITDA due to FX losses, quota limitations affecting sales, and the impact of soft nickel prices. Despite these challenges, the outlook for 2025 is positive with key projects on track and fully funded.

Company Guidance

During the Nickel Industries Limited December 2024 quarterly results call, Managing Director Justin Werner highlighted several key performance metrics and strategic initiatives. The company worked 17.4 million man hours in 2024, recording only two Lost Time Injuries (LTIs), which contributed to an LTIFR of 0.11 and TRIFR of 1.43, both well below the world steel average. Financially, the quarter saw operations deliver US$72.4 million, with a record US$14.7 million from a 10% interest in HNC, HPAL. Total nickel production in MPI reached 32,784 tonnes, a 7% increase from the previous quarter. While reported EBITDA from RKEF operations was US$22.1 million, adjusting for foreign exchange impacts revealed an underlying EBITDA of US$42 million, 17.5% higher than the previous quarter. Mining operations achieved a record 7 million tonnes for the quarter, with November alone delivering US$27 million in EBITDA. Despite challenges, including soft nickel prices and reaching the RKAB quota, the company remains optimistic about 2025, targeting a significant increase in EBITDA with several projects and initiatives, such as ENC, HPAL commissioning and the development of the Sampala Project, which is expected to exceed 1 billion wet metric tonnes of ore.

Safety and Sustainability Achievements

Nickel Industries Limited recorded 17.4 million man hours with only two LTIs in 2024. LTIFR and TRIFR were well below the world steel average. The company was shortlisted for a Green PROPER rating for the third consecutive year and targeting a Gold rating. It achieved the highest MSCI rating of any Indonesian metals and mining company, with an S&P rating increase from seven in 2021 to 37 in 2024.

Record Production and Operational Performance

The company delivered US$72.4 million in operational revenue in the December quarter. Record quarterly mining of over 7 million tonnes and a record month in November with 1.3 million tonnes sold. ONI RKEF operations achieved a record of 12,362 tonnes of nickel in MPI, contributing to total quarterly production of 32,784 tonnes, a 7% increase from the previous quarter.

Strong Performance from Hengjaya Mine and Exploration Success

The Hengjaya Mine delivered strong EBITDA figures, with US$35.6 million in the December quarter. The Sampala Project showed promising exploration results with significant nickel and cobalt grades, indicating a potential for over 1 billion wet metric tonnes of ore.

Positive Outlook for 2025

Encouraging prospects for 2025 with the ENC HPAL commissioning expected in the second half, potential increase in Hengjaya Mine RKAB from 9 million to 19 million tonnes, and the development of the Sampala Project, all of which are fully funded.

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Nickel Mines Ltd. (AU:NIC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AU:NIC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.00 / -	0.026	―	―	―
Aug 28, 2024	2024 (Q2)	<0.01 / <0.01	0.014	-88.89% (-0.01)	―	―
Feb 28, 2024	2023 (Q4)	0.00 / 0.04	0.038	8.33% (<+0.01)	―	―
Aug 30, 2023	2023 (Q2)	0.03 / 0.01	0.055	-74.29% (-0.04)	―	―
Feb 27, 2023	2022 (Q4)	0.02 / 0.04	0.039	-4.00% (>-0.01)	―	―
Aug 30, 2022	2022 (Q2)	0.11 / 0.06	0.03	84.21% (+0.03)	―	―
Feb 22, 2022	2021 (Q4)	0.04 / 0.04	0.047	-16.67% (>-0.01)	―	―
Aug 25, 2021	2021 (Q2)	0.04 / 0.03	0.022	35.71% (<+0.01)	―	―
Aug 30, 2020	2020 (Q2)	- / 0.02	0.092	-75.86% (-0.07)	―	―
Aug 29, 2019	2019 (Q4)	- / 0.06	-0.002	3000.00% (+0.06)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AU:NIC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2024	AU$0.80	AU$0.80	0.00%
Feb 28, 2024	AU$0.69	AU$0.68	-1.45%
Aug 30, 2023	AU$0.73	AU$0.74	+1.37%
Feb 27, 2023	AU$0.86	AU$0.88	+2.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Nickel Mines Ltd. (AU:NIC) report earnings?

Nickel Mines Ltd. (AU:NIC) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.

What is Nickel Mines Ltd. (AU:NIC) earnings time?

Nickel Mines Ltd. (AU:NIC) earnings time is at Feb 26, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Nickel Mines Ltd. stock?

The P/E ratio of Nickel Mines Ltd. is N/A.

What is AU:NIC EPS forecast?

AU:NIC EPS forecast for the fiscal quarter 2024 (Q4) is 0.

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