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Nickel Industries Reports Higher March Quarter Adjusted EBITDA From Operations; Shares Hit Three-Year High

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Nickel Industries (ASX:NIC) said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from operations came in at $135.6 million for the three months ended March 31, according to a Wednesday Australian bourse filing.

The company's adjusted EBITDA from operations for the March 2025 quarter was $97.3 million, according to an earlier filing.

Ore production from the company's mining operations came in at nearly 4 million wet metric tonnes, compared with 5.6 million wet metric tonnes produced in the same quarter in the previous year.

The company produced 30,264 tonnes of nickel from its rotary kiln electric furnace project during the March quarter, compared with 31,793 tonnes produced in the year-ago period.

The attributable production from HPAL operations was 2,153 tonnes in the March quarter, compared with 2,118 tonnes in the prior corresponding period.

Nickel Industries' shares advanced 4% in recent trading on Wednesday and earlier hit their highest since February 2023.

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