Nickel Asia FY EBITDA 13.75B pesos, +56% YY

Nickel Asia FY EBITDA 13.75B pesos, +56% YY

Nickel Asia Reports 56% Year-Over-Year EBITDA Growth in Fiscal Year 2024

Nickel Asia Corporation (NAC) reported a fiscal year (FY) 2024 EBITDA of 13.75 billion pesos, reflecting a 56% increase compared to the same period in 2023. This growth underscores the company's improved operational performance and strategic cost management amid evolving market conditions.

The surge in EBITDA aligns with the company's focus on optimizing production efficiency and expanding its market share in key sectors, including stainless steel and energy transition materials. Revenue growth, driven by higher nickel prices, and increased demand for battery-grade products, contributed significantly to the improved financial metrics.

In its 2023 investor presentation, the company highlighted progress in reducing operational costs and enhancing cash flow generation, which management attributed to streamlined operations and disciplined capital allocation. These efforts appear to have translated into stronger profitability for the fiscal year.

Nickel Asia's net income for FY 2024 also showed a notable increase, though specific figures were not disclosed in the publicly available materials. The company's preliminary information statement for its 2024 Annual General Meeting (AGM) indicated continued prioritization of shareholder returns and reinvestment in core operations to sustain long-term growth.

Analysts note that the company's performance reflects broader industry tailwinds, including rising demand for nickel in renewable energy and electric vehicle sectors. However, challenges such as global economic uncertainty and commodity price volatility remain key risks for the sector.

Nickel Asia has not disclosed detailed guidance for FY 2025 but emphasized its commitment to maintaining operational resilience and exploring strategic opportunities to capitalize on market trends.

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