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The Motley Fool Australia

Nickel Industries reports US$80m adjusted EBITDA for April–May 2026 as Excelsior HPAL advances

Nickel Industries (ASX: NIC) said it generated US$80 million in adjusted EBITDA across April and May 2026, with May alone contributing US$51 million after a rebound. The company expects to receive about US$70 million from an RKEF working-capital distribution by early July, alongside a US$15 million option-fee refund. At its Excelsior HPAL project, it expects first MHP output by mid-July and first nickel cathode production by mid-August.
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