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Nickel Mines Ltd.
(Sydney:NIC)
Nickel Mines Ltd. (NIC) vs. S&P 500 (SPY)
Nickel Mines Ltd. Business Overview & Revenue Model
Nickel Mines Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.76B | 1.76B | 860.59M | 760.41M | 679.36M | Gross Profit |
| 659.78M | 419.02M | 288.79M | 239.88M | 240.11M | EBIT |
| 411.80M | 399.15M | 273.95M | 233.09M | 228.84M | EBITDA |
| 405.85M | 457.29M | 306.58M | 285.61M | 276.09M | Net Income Common Stockholders |
| 178.41M | 229.33M | 137.94M | 160.67M | 162.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 774.97M | 212.70M | 189.62M | 455.45M | 70.87M | Total Assets |
| 4.07B | 3.94B | 2.44B | 1.60B | 1.28B | Total Debt |
| 845.02M | 824.73M | 450.60M | 58.32M | 92.47M | Net Debt |
| 560.97M | 612.03M | 260.98M | -397.13M | 21.59M | Total Liabilities |
| 1.16B | 1.27B | 650.17M | 192.38M | 249.49M | Stockholders Equity |
| 2.43B | 1.91B | 1.38B | 1.22B | 608.10M |
| Cash Flow | Free Cash Flow | |||
| 170.76M | -120.42M | 179.15M | 199.44M | 12.36M | Operating Cash Flow |
| 229.76M | 52.35M | 243.39M | 210.17M | 54.98M | Investing Cash Flow |
| -1.15B | -371.39M | -753.90M | -330.80M | -9.77M | Financing Cash Flow |
| 1.06B | 327.96M | 228.67M | 555.22M | -43.65M |
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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $10.25B | 19.04 | 5.09% | 2.73% | -5.64% | -33.77% | |
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
54 Neutral | £12.77B | 55.78 | -3.53% | 3.79% | -19.74% | ― | |
49 Neutral | $1.94B | -1.23 | -21.28% | 3.73% | 1.19% | -29.73% | |
49 Neutral | AU$2.58B | 17.84 | -7.32% | 6.72% | -6.64% | -209.78% |
Nickel Mines Ltd. Earnings Call Summary
Nickel Mines Ltd. Corporate Events
Nickel Industries Limited reported a low lost time injury frequency rate of 0.05 for the quarter ending March 2025, with no lost time injuries recorded during this period. The company also maintained a total recordable injury frequency rate of 1.48 and received a Green PROPER rating for the third consecutive year, underscoring its commitment to safety and environmental sustainability.
Nickel Industries Limited has released its Annual Report for the year ending December 31, 2024, and announced its Annual General Meeting scheduled for May 22, 2025. This release provides shareholders with insights into the company’s performance over the past year and outlines strategic directions, potentially impacting its market positioning and stakeholder interests.
Nickel Industries Limited has reported a change in the interests of its substantial holder, L1 Capital Pty Ltd and L1 Capital Strategic Equity Management Pty Ltd. The announcement details the changes in voting power and relevant interests, indicating a shift in the substantial holder’s stake in the company. This change could have implications for the company’s governance and shareholder dynamics, potentially affecting its strategic decisions and market perception.
Nickel Industries Limited has announced that it will release its Quarterly Activities Report on April 29, 2025, with a webcast led by Managing Director Justin Werner to discuss the quarter’s activities and results. This announcement is significant as it provides stakeholders with insights into the company’s operational performance and strategic direction, potentially impacting its market positioning and investor relations.
Nickel Industries Limited announced an expected 20% increase in EBITDA for the March 2025 quarter, despite challenges from heavy rainfall and flooding. The company’s operations, including the Hengjaya Mine and Oracle RKEF, demonstrated resilience, with the mine delivering significantly higher output than the previous year. Temporary halts in operations due to flooding were managed without significant damage or repair costs, and efforts are underway to upgrade stormwater systems to prevent future disruptions.
Nickel Industries Limited has received approval from the Ministry of Mines for a feasibility study to increase ore sales at its Hengjaya Mine from 9 million to 19 million wet metric tonnes per year. This development marks a significant step towards boosting the company’s production capacity, with full approval expected by the second half of 2025, aligning with the commissioning of their Excelsior Nickel Cobalt HPAL project. The company anticipates that this expansion will enhance its operational capabilities and strengthen its market position.
Nickel Mines Ltd., a company involved in the nickel industry, has announced that Macquarie Group Limited and its controlled entities have ceased to be substantial holders in the company. This change in substantial holding could impact the company’s shareholder structure and influence its market dynamics, potentially affecting investor perceptions and stakeholder interests.
Macquarie Group Limited and its controlled entities have become substantial holders in Nickel Industries Limited, acquiring significant voting power and control over a portion of the company’s securities. This development indicates a strategic investment by Macquarie, potentially impacting Nickel Industries’ market position and signaling confidence in its growth prospects, which could influence stakeholder perceptions and future market dynamics.
Nickel Industries Limited has announced that PT Karunia Bara Perkasa has ceased to be a substantial holder in the company as of March 11, 2025. This change was due to the sale of shares owned by PT Harum Energy Tbk. through a block trade, significantly impacting the voting securities held by the former substantial holder.
Nickel Industries Limited has announced that the Indonesian Government is considering increasing royalties on nickel ore sales, potentially impacting the company’s financials. The proposed changes would raise royalties from the current 10% to between 14% and 19%, depending on nickel prices, which could have increased the company’s 2024 royalties by approximately US$8 million. However, these changes would only affect nickel ore sales, not other nickel products or operations. The company is also expanding its production capabilities with the Excelsior Nickel Cobalt HPAL project, aligning with Indonesia’s focus on refined nickel products and not currently subject to royalties.
Nickel Industries Limited announced the resignation of Mr. Dasa Sutantio from his position as a Non-Executive Director, effective March 11, 2025. This change in the board may impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.
Nickel Industries Limited has experienced a significant drop in its share price from $0.755 to $0.595, alongside increased trading volume. This fluctuation is attributed to several factors: a substantial block trade by PT Harum Energy TBK, which sold 178.5 million shares as part of its liquidity management, and a proposed increase in Indonesian nickel royalties from 10% to a range of 14-19%. Additionally, broader market conditions, such as a downturn in the Dow Jones Index, have also impacted the company’s share price. The company confirms compliance with listing rules and maintains transparency with stakeholders.
Nickel Industries Limited presented its annual results, providing insights into its financial performance over the past year. This release is positioned to inform stakeholders about the company’s operational status and market stance, although specific details on the exact impact on operations or industry positioning were not disclosed in this document.
Nickel Industries Limited announced a dividend distribution of AUD 0.015 per share for the period ending December 31, 2024. This announcement indicates the company’s financial health and its ability to return value to shareholders, potentially affecting its market positioning and stakeholder relations.
Nickel Industries Limited has announced a final dividend of 1.5 cents per share for 2024, bringing the total dividend for the year to 4 cents. They have also introduced a Dividend Reinvestment Plan (DRP) allowing shareholders to receive additional shares instead of cash. This move comes amid challenging global nickel market conditions and reflects a focus on financial discipline and strategic investment. Major shareholders and directors, accounting for over 54% of shares, have committed to the DRP, highlighting confidence in the company’s market position and future prospects, including upcoming projects poised to deliver significant value.
Nickel Industries Limited has issued a Corporate Governance Statement detailing its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company complies with these guidelines to ensure transparent management and oversight, demonstrating a clear delineation of roles between its board and management. This commitment reflects its focus on maintaining accountability and operational efficiency, potentially strengthening its position in the industry and enhancing stakeholder confidence.
Nickel Industries Limited reported a challenging financial year ending December 2024, with a decline in sales revenue and a significant operating loss. Despite these setbacks, the company achieved record production levels of finished nickel metal and increased its interests in key projects, indicating a strategic focus on growth and expansion, potentially impacting its market positioning and stakeholder interests.
Nickel Industries Limited has announced it will release its 2024 Annual Report on 24 February 2025. The company will host a webcast led by Managing Director Justin Werner to discuss the results, signaling transparency and engagement with stakeholders, which may impact investor sentiment and market positioning.