Nickel Industries: record Hengjaya sales lift Q3 EBITDA as drought slows output
According to TradingView, adjusted EBITDA rose 4% QoQ to US$125.9m in Q3 on record Hengjaya mine sales, while drought held back the ENC ramp-up.
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what happened
Nickel Industries reported third-quarter adjusted EBITDA up 4% from the prior quarter, reaching US$125.9m. TradingView notes that the increase was driven mainly by record sales and earnings from the Hengjaya mine.
The ENC project moved forward in commissioning, but drought slowed its ramp-up and reduced output from the RKEF operation. After the quarter ended, the company secured a US$245m project-finance facility.
why it matters
For nickel markets, the EBITDA gain rested on ore sales rather than higher metal output, since drought constrained RKEF production and delayed ENC. The US$245m facility, secured after quarter-end, supports continued development of the ENC project.
market impact
Nickel and NIC shares: record ore sales support earnings, while drought weighs on metal output
tags
instruments
sources
- NIC: Record mine sales lifted EBITDA as drought constrained ENC ramp-up and RKEF output — TradingView, 21 October 2026 at 22:56 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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