Nickel Industries reports US$80M adjusted EBITDA

• Nickel Industries reported approximately US$80 million in adjusted EBITDA from operations across April and May.
• Following the operating update, the company's share price was down at $0.98.
• The company expects to receive approximately US$70 million in released working capital by early July.

Nickel Industries (ASX:NIC) announced an operating update featuring an adjusted operating EBITDA of approximately US$80 million.

The result follows the prior quarter where the business achieved an adjusted operating EBITDA of US$135.6 million.

The update details an upcoming release of approximately US$70 million in working capital by early July 2026.

The company stated that mixed hydroxide precipitate production at the commissioned ENC plant is expected by July.

Following the announcement, the Nickel Industries share price was down at $0.98.

The business operates a portfolio of low-cost downstream nickel processing assets across Indonesia.

These developments follow the expansion of capital management strategies, including new credit facilities worth US$450 million.