Nickel Asia Corporation reported a sharp increase in annual earnings after stronger export prices and higher shipment volumes boosted mining revenues in 2025. The Philippine mining company said the results highlight improving demand and pricing conditions in the global nickel market.
Key Facts At A Glance
- Nickel Asia reported attributable net income of ₱6.27 billion in 2025, up from ₱1.52 billion in 2024.
- Profit growth represents a 312% increase year-on-year.
- Mining revenues rose 39% to ₱27.25 billion.
- Nickel ore shipments increased to 18.56 million wet metric tons, up 9%.
- Weighted average ore prices climbed 28% to $25.66 per wet metric ton.
- EBITDA rose 56% to ₱13.75 billion.
- Exports of saprolite and limonite ore totaled 10.93 million wet metric tons.
Nickel Asia Corporation said its attributable net income surged to ₱6.27 billion in 2025, a 312% increase from ₱1.52 billion in 2024, reflecting stronger export prices and increased sales volumes of nickel ore. The company disclosed the results as part of its annual financial report for the year ended December 31, 2025.
Revenue growth was driven largely by higher global prices for saprolite nickel ore, a key export product used primarily in stainless steel manufacturing and battery supply chains. Mining revenues rose 39% to ₱27.25 billion, supported by stronger prices and steady demand from export markets.
Nickel Asia’s operating mines sold 18.56 million wet metric tons (WMT) of nickel ore during the year, a 9% increase from 17.02 million WMT in 2024. The weighted average selling price of nickel ore climbed 28% to $25.66 per WMT, reflecting improved market conditions and stronger demand for nickel inputs.
Exports of saprolite and limonite ore reached 10.93 million WMT, while the remainder of production was delivered to domestic high-pressure acid leach processing plants, including the Coral Bay and Taganito facilities.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 56% to ₱13.75 billion, reflecting higher margins from increased ore prices and improved operational performance.
Nickel Asia President and CEO Martin Antonio G. Zamora said the company intends to expand beyond nickel mining by advancing new projects in gold, copper, and renewable energy, positioning the company as a broader natural-resources and energy group.
Nickel Asia is the largest nickel ore producer and exporter in the Philippines, supplying global markets including China and other Asian industrial buyers. Its performance is closely tied to movements in global nickel prices and demand linked to stainless steel production and electric-vehicle battery supply chains.
