Nickel Industries' quarterly achievements

Nickel Industries (ASX:NIC) has reported a strong performance for the quarter ending September 30, 2024. The company achieved a total EBITDA from operations of US$108.4 million, marking its strongest quarter in 2024. Key contributors to this success include record ore production and sales from the Hengjaya Mine and strategic expansions.

Overview and future outlook of Nickel Industries

Nickel Industries has reported a remarkable quarter with a US$108.4 million EBITDA, driven by strong performances in its RKEF and mining operations. Despite a slight decrease in total nickel production, the company achieved substantial sales revenue. The conditional acquisition of the Sampala nickel project and further investment in the Siduarsi Project demonstrate its commitment to expansion and securing ore supply. The company continues to enhance its ESG scores and engage in community initiatives, reinforcing its leadership in sustainability. With a solid financial position and strategic plans for future growth, Nickel Industries aims to deliver first ore from the Sampala Project by the end of 2025.

Executive insights on quarterly success

The significant achievements across our various operations underscore the robustness of our strategic initiatives and operational capabilities. Our record EBITDA reflects the successful execution of our growth strategy, particularly in expanding our mining operations and securing strategic partnerships. We are committed to enhancing our production capabilities and sustainability efforts while navigating the challenges in the global market.