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Nickel Industries Limited (NICMF) This autumn 2025 Earnings Call Transcript

Operator

Good day, and welcome to the Nickel Industries Limited December Quarter Activities Webcast. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded. Thank you.

I’d now like to welcome Justin Werner, Managing Director, Nickel Industries Limited, to begin the conference. Justin, over to you.

Justin Werner
MD & Director

Thank you, and thank you, everyone, for attending the Nickel Industries December 2025 quarterly results call. If I could ask the moderator to please move to the next slide. Pleasingly safety for the 12 months work till the end of last year, 17.7 million man hours without a single LTI occurring, so it’s a tremendous achievement.

The company was awarded the Excellence in Sustainability Leadership award by CNBC Indonesia, highlighting our leadership in ESG implementation and environmental management and our contributions to the development of sustainable nickel in Indonesia.

Also, our solar project, which we will be an offtaker of, it achieved financial close and it is on track to be the largest solar project in Indonesia, 262-megawatt peak with 80-megawatt battery energy storage system. And it will allow ENC to reduce its carbon footprint but also, the power offtake agreement is at 25 years at a fixed rate with no inflation escalation. So we think that’s a big positive in that we’ve been able to lock in a big part of our power costs at very attractive rates.

If we could just move to the next slide, please. Frustration during the quarter of meeting our RKAB limit of 9 million wet metric tonnes, which did mean that most of our mining operations were halted for majority of the quarter. There was

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