In This Article:
Nickel Industries (ASX:NIC) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.74b (down 7.2% from FY 2023).
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Net loss: US$168.6m (down by 239% from US$121.6m profit in FY 2023).
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US$0.039 loss per share (down from US$0.036 profit in FY 2023).
NIC Production and Reserves
Nickel
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Production: 0.136 Mt (0.105 Mt in FY 2023)
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Number of mines: 3 (4 in FY 2023)
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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