Nickel Industries (ASX:NIC) Full Year 2024 Results

Key Financial Results

Revenue: US$1.74b (down 7.2% from FY 2023). Net loss: US$168.6m (down by 239% from US$121.6m profit in FY 2023). US$0.039 loss per share (down from US$0.036 profit in FY 2023).

NIC Production and Reserves

Nickel

Production: 0.136 Mt (0.105 Mt in FY 2023) Number of mines: 3 (4 in FY 2023)ASX:NIC Revenue and Expenses Breakdown February 25th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nickel Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Indonesia and Singapore - RKEF Projects segment contributing a total revenue of US$1.57b (90% of total revenue). Notably, cost of sales worth US$1.43b amounted to 82% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$319.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how NIC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Nickel Industries that we have uncovered.

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