Australia's Nickel Industries eyes worst day in over four months on downbeat earnings outlook

Nickel Industries

18/01/2026 23:48

** Shares of Australia's Nickel Industries NIC.AX fall as much as 6% to A$0.855, its lowest level since December 31

**  Stock hits biggest intraday pct drop in over four months

** The nickel producer expects its December 2025 adjusted EBITDA from operations to be in range of $35 million-$40 million, down from $72.4 million a year ago

** Co says result due to delay in securing increase in Hengjaya Mine’s Rencana Kerja dan Anggaran Biaya (RKAB)

** Adds, ore sales decreased to 945,631 wmt in December quarter from 3.1 million wmt in September quarter

** RKAB is an annual work plan and budget document required for mining companies in Indonesia

** NIC rose 1.2% in 2025, up 3.6% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru; editing by Diane Craft)

 ((Aamir.SheikKhalid@thomsonreuters.com))