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Nickel Industries NIC.AX · AUD

Materials · ASX · 🇦🇺 Australia

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0.61

+3.39%

Close of 9 Nov 2026, in AUD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$1.71bn

FY2016FY2025

Net income

−$59.1m

FY2016FY2025

Free cash flow

$88.6m

FY2016FY2025

Shareholders' equity

$2.04bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$1.71bn$1.74bn$1.88bn$1.22bn$468.2m$401.5m$477.8m$45.4m$12.9m$8.7m
Operating income$128.1m$150.9m$301.0m$272.8m$194.1m$120.9m$160.9m$11.0m−$1.5m−$3.4m
Net income−$59.1m−$168.6m$121.6m$159.0m$100.0m$110.6m$113.3m$45.8m−$3.1m−$3.9m
Diluted earnings per share-0.01-0.040.030.060.040.040.070.02-0.01-0.00

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$4.27bn$3.90bn$4.07bn$2.67bn$1.77bn$1.23bn$898.0m$304.2m$79.1m$27.9m
Cash and short-term investments$357.0m$211.0m$775.0m$144.2m$99.9m$269.5m$49.8m$34.3m$803,552$278,204
Total liabilities$1.81bn$1.35bn$1.16bn$858.0m$472.7m$148.4m$175.5m$110.0m$4.3m$26.7m
Debt$1.20bn$1.05bn$845.0m$559.3m$237.5m$34.5m$65.0m$2.9m—$13.5m
Shareholders' equity$2.04bn$2.12bn$2.43bn$1.30bn$1.00bn$720.9m$427.7m−$100.1m$73.0m−$367,669
Shares outstanding4,341m4,287m3,553m2,731m2,515m2,515m1,699m2,515m322m4,350m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$105.3m$281.4m$229.8m$225.6m$189.0m$150.0m$38.7m$2.9m−$7.8m$85,950
Capital spending−$16.7m−$72.6m−$59.0m−$9.4m−$6.5m−$7.4m−$30.0m−$13.6m−$637,122−$112,861
Free cash flow$88.6m$208.8m$170.8m$216.2m$182.5m$142.6m$8.7m−$10.7m−$8.5m−$26,911
Dividends paid−$17.6m−$174.1m−$85.6m−$100.9m−$75.1m−$15.4m−$15.4m−$15.4m−$15.4m—

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Jun 2023Dec 2022
Revenue$925.0m$834.4m$860.0m$642.3m$600.6m$1.31bn$916.5m$716.2m
Operating income$148.8m$27.1m$102.1m$44.9m$62.6m$146.4m$117.0m$126.2m
Net income$51.7m−$69.6m$11.7m−$123.8m$3.7m$70.2m$26.7m$68.0m
Diluted earnings per share0.01-0.020.00-0.030.000.020.010.02
Cash from operations$27.0m$87.0m$15.0m$70.0m$103.0m$174.0m$11.0m$33.0m
Capital spending−$11.0m−$2.0m−$13.0m−$3.0m−$43.0m−$105.0m−$140.0m−$27.0m
Free cash flow$16.0m$85.0m$2.0m$67.0m$60.0m$69.0m−$129.0m$6.0m
Total assets$4.07bn$4.27bn$3.84bn$3.90bn$2.78bn$4.07bn$4.51bn$3.94bn
Cash and short-term investments$268.2m$357.0m$112.1m$211.0m$255.1m$775.0m$546.5m$144.2m
Debt$61.7m$1.20bn$1.04bn$1.05bn$536.9m$844.8m$656.6m$559.3m
Shareholders' equity$2.10bn$2.04bn$2.11bn$2.12bn$1.68bn$2.43bn$2.24bn$1.30bn

Financial ratios

Data as of 24 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin7.5%-3.7%15.6%29.7%40.0%30.5%
Net margin-3.5%-9.7%6.5%13.1%21.4%27.6%
Return on equity-2.9%-8.0%5.0%12.2%10.0%15.3%
Return on assets-1.4%-4.3%3.0%5.9%5.6%9.0%
Free cash flow yield4.3%12.7%12.5%13.2%12.0%9.6%
Revenue growth-2.2%-7.2%54.5%159.9%16.6%-16.0%
Earnings growth-65.0%-238.6%-23.5%59.0%-9.6%-2.4%
Current ratio1.85x2.10x2.81x3.05x5.22x9.33x
Debt to equity0.59x0.50x0.35x0.43x0.32x0.06x
Equity ratio47.9%54.3%59.6%48.6%56.6%58.4%
Interest coverage0.96x-0.60x3.24x7.42x14.88x30.34x
Buybacks as a share of market value-1.3%-20.6%-30.1%-8.6%0.0%-48.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue11.9%33.6%80.5%
Operating income-22.3%1.2%—
Net income——45.3%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin8.1%13.0%15.7%16.7%
Net margin-6.6%0.8%3.6%5.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings-43.4-14.914.511.925.417.87.110.3
Price to sales1.51.40.91.65.44.91.710.4

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 27 Feb 2025.

FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year0.0150.050.040.040.040.01
  • 2-to-1 reverse split · 28 Jan 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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