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Nickel Mines Ltd.
(Sydney:NIC)
Nickel Mines Ltd. (NIC) vs. iShares MSCI Australia ETF (EWA)
Nickel Mines Ltd. Business Overview & Revenue Model
Nickel Mines Ltd. Earnings Call Summary
Nickel Mines Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.74B | 2.76B | 1.22B | 645.94M | 523.49M |
| Gross Profit | 314.65M | 659.78M | 360.42M | 252.73M | 201.93M |
| EBITDA | 62.72M | 405.85M | 457.29M | 306.58M | 196.62M |
| Net Income | -168.59M | 121.60M | 158.98M | 137.94M | 160.67M |
Balance Sheet | |||||
| Total Assets | 3.90B | 4.07B | 2.67B | 1.77B | 1.23B |
| Cash, Cash Equivalents and Short-Term Investments | 210.95M | 774.97M | 144.24M | 137.86M | 351.45M |
| Total Debt | 1.05B | 845.02M | 824.73M | 327.61M | 45.00M |
| Total Liabilities | 1.35B | 1.16B | 857.98M | 472.71M | 148.45M |
| Stockholders Equity | 2.12B | 2.43B | 1.30B | 1.00B | 940.06M |
Cash Flow | |||||
| Free Cash Flow | 208.79M | 170.76M | -120.42M | 179.15M | 199.44M |
| Operating Cash Flow | 281.39M | 229.76M | 63.04M | 189.02M | 149.95M |
| Investing Cash Flow | -288.91M | -1.15B | -430.01M | -597.86M | -184.41M |
| Financing Cash Flow | -64.01M | 1.06B | 373.15M | 197.29M | 333.63M |
Nickel Mines Ltd. Technical Analysis
Nickel Mines Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $2.77B | 14.58 | 7.84% | 0.93% | -4.84% | -30.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $9.92B | -48.66 | -5.63% | ― | -38.69% | -174.12% | |
58 Neutral | AU$9.03B | -9.95 | -26.55% | ― | -15.27% | -817.26% | |
52 Neutral | AU$3.04B | -12.24 | -7.26% | 5.71% | -2.30% | -234.27% | |
49 Neutral | $3.95B | ― | -35.65% | ― | -37.23% | -32433.33% | |
38 Underperform | AU$2.11B | -34.02 | -50.19% | ― | ― | -20.85% |
Nickel Mines Ltd. Corporate Events
Nickel Industries Limited reported a perfect safety record for the quarter ending September 2025, with no lost time injuries recorded across 18.5 million safe man hours. The company was recognized for its sustainability efforts, receiving the Gold award for Biodiversity Management at the 2025 Indonesia Sustainable Responsible Awards and national recognition at the 2025 Innovation Technology for Social and Environmental Awards.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Mines Ltd. reported a strong third quarter in 2025, with significant EBITDA growth in its RKEF and HPAL operations, despite a temporary dip in sales from its Hengjaya Mine. The company issued US$800 million in senior unsecured notes to refinance existing debt, reducing costs and extending maturities. Nickel Mines also achieved safety milestones and received recognition for biodiversity management, highlighting its commitment to sustainable practices. The company’s strategic moves, including deferring acquisition payments and progressing towards increased production quotas, position it well for future growth.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has announced that it will release its Quarterly Activities Report on October 28, 2025. The report will be discussed in a webcast led by Managing Director Justin Werner, providing insights into the company’s recent activities and results, which could influence its operational strategies and stakeholder interests.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.80 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has successfully completed a tender offer for its US$400 million senior unsecured notes, accepting tenders for an aggregate principal amount of US$354,519,000. This move, along with the issuance of US$800 million in new senior unsecured notes, strengthens the company’s financial position and supports its growth trajectory in the nickel industry.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has successfully issued US$800 million in senior unsecured notes with a 9% coupon rate, maturing in 2030. This strategic financial move extends the company’s debt maturity profile and reduces its annual note amortization by US$88 million, reflecting confidence from global investors and enhancing its international market recognition.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has announced plans to issue new Senior Unsecured Notes, subject to market conditions, while concurrently tendering for its existing 11.250% Senior Unsecured Notes maturing in October 2028. This strategic move aims to extend the company’s debt maturity profile, with purchased notes being canceled to streamline financial operations. The issuance will be conducted outside the United States under Regulation S and within the United States to qualified institutional buyers under Rule 144A, reflecting the company’s efforts to optimize its financial structure and maintain a strong market position.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has reached an agreement with its largest shareholder, Shanghai Decent, to defer two remaining payments for the Excelsior Nickel Cobalt acquisition by six months. This deferral does not affect the timeline for ENC commissioning, which remains on track for later this year, and reflects prudent balance sheet management and a strong partnership with Shanghai Decent.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
The recent earnings call for Nickel Mines Ltd. presented a mixed sentiment, highlighting both significant achievements and notable challenges. The company celebrated record ore sales and strong production figures from its HNC operations, yet faced production decreases and cash flow issues. While future projects like Sampala show promise, immediate concerns such as the ENC commissioning delay and cash flow management require attention.
Nickel Industries Limited reported its half-year results, highlighting significant achievements in safety and sustainability. The company registered over 22.6 million work hours since the last lost time injury in November 2021, maintaining a low lost time injury frequency rate of 0.05 as of June 2025. Additionally, the company has made strides in sustainability, with the establishment of the Nickel Industries Foundation and initiatives in education, health, environmental conservation, and economic empowerment.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited reported a slight decrease in sales revenue for the first half of 2025, down 1.6% to US$829.7 million, but achieved a significant increase in profit after tax, up 119.3% to US$25.5 million. The company produced 66,450 tonnes of finished nickel metal and mined 11.6 million tonnes of ore at its Hengjaya Mine. The ENC project is ready for staged commissioning, indicating potential future growth and operational expansion.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has announced a change in the director’s interest, specifically concerning Norman Seckold. This update involves the alteration of his direct and indirect interests in the company’s securities, including shares held through various entities. Such changes in director’s interests are significant as they can impact stakeholder perceptions and the company’s governance structure.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
Nickel Industries Limited has announced that it will release its Half Year Report on August 28, 2025. The report will be discussed in a webcast led by Managing Director Justin Werner and CFO Chris Shepherd, providing stakeholders with insights into the company’s financial performance and strategic direction.
The most recent analyst rating on (AU:NIC) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.