Nickel Industries Limited (NICMF) Q4 2025 Earnings Call Transcript

SA Transcripts158.56K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Nickel Industries Limited (NICMF) Q4 2025 Earnings Call February 22, 2026 7:01 PM EST Company Participants Justin Werner - MD & DirectorChristopher Shepherd - CFO & Executive Director Conference Call Participants Austin Yun - Macquarie ResearchRichard Knights - Barrenjoey Markets Pty Limited, Research DivisionDavid Coates - Bell Potter Securities Limited, Research DivisionJonathan TanDim Ariyasinghe - UBS Investment Bank, Research DivisionMitch Ryan - Jefferies LLC, Research DivisionJit Ming Tan Presentation Operator Good day, and welcome to the Nickel Industries Limited 2025 Full Year Results. [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, to begin the conference. Justin, over to you. Justin WernerMD & Director Thank you very much. If I could ask the moderator to please turn to Page 3. Welcome, everyone, to the Nickel Industries annual results presentation. I'd like to start off, firstly, with safety, 17.8 million safe man hours worked, a significant increase on the man hours worked in 2024 and over 26.1 million man hours of work being worked since our last reported LTI back in 2021. So you can see our LTIFR and TRIFR significantly below the world steel average. In terms of ESG, we continue to be a leader in Indonesia. You can see a number of awards there, including awards from prestigious companies such as CNBC and improving scores as judged by S&P and other third-party groups and the Best Community Award at the Global CSR and ESG Summit in Vietnam. So the company continues to perform very well on the safety and ESG metrics. If we could just go to Slide 4, please. Despite a challenging year, which saw the LME price down another 10% versus the 2024 average, we were still able to deliver