1. Philippines Stocks

  2. •

    Basic Materials

  3. •

    Industrial Materials
Nickel Asia Corporation

Nickel Asia Corporation

NCKAF
Nickel Asia CorporationUS flagOther OTC
0.10
USD
- -
- -
1.39BMarket Cap
Nickel Asia Corporation
NCKAF
(Other OTC)

Recent

price

0.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.79
0.92
0.56
0.8
1.78
1.11
1.01
1.13
1.31
1.26
1.54
1.93
1.98
1.72
1.55
2.05
1.97
Revenue per Share
0.15
0.26
0.11
0.15
0.63
0.15
0.14
0.2
0.22
0.2
0.3
0.57
0.58
0.27
0.11
0.45
0.43
Basic EPS, GAAP
0.14
0.34
0.2
0.16
0.7
0.03
0.05
0.28
0.27
0.33
0.49
0.58
0.76
0.13
-0.1
0.12
0.21
Free Cash Flow per Basic Share
0.36
0.11
0.08
0.09
0.4
0.31
0.11
0.13
0.32
0.16
0.42
0.58
0.75
0.35
0.23
0.38
0.43
Dividend per Share
0.64
0.7
0.53
0.81
1.24
1.1
1.24
1.4
1.36
1.5
1.6
1.73
1.87
1.88
1.85
2.12
1.97
Book Value per Share
1.73
1.64
1.16
1.85
2.26
2.15
2.28
2.43
2.44
2.57
2.53
2.66
2.97
3.11
3.18
3.41
3.24
Tangible Book Value per Share
10,497
13,566
20,378
13,600
13,642
13,670
13,675
13,685
13,684
13,670
13,634
13,631
13,631
13,835
13,931
13,931
14,172
Basic Weighted Avg Shares
8,336
12,450
11,384
10,900
24,265
15,136
13,851
15,441
17,938
17,249
20,937
26,354
26,974
23,838
21,535
28,522
27,889
Sales/Revenue/Turnover
39.29
51.75
36.5
32.66
58.93
32.68
28.46
34.33
33.8
30.48
37.81
48.54
46.86
37.56
31.56
40.27
42.35
Operating Margin (%)
563
734
982
1,263
1,373
1,440
1,475
1,480
1,356
1,404
1,445
1,620
1,663
2,006
2,028
2,262
2,344
Depreciation Expense
1,547
3,536
2,207
2,054
8,552
2,035
1,966
2,771
3,008
2,685
4,069
7,813
7,931
3,750
1,521
6,269
6,140
Net Income, GAAP
28.53
23.57
29.96
30.3
28.06
35.38
34.84
31.07
33.3
30.2
29.7
23.85
23.97
27.77
35.92
27.57
26.46
Effective Tax Rate (%)
18.56
28.41
19.39
18.84
35.24
13.45
14.19
17.94
16.77
15.57
19.43
29.64
29.4
15.73
7.06
21.98
22.01
Profit Margin (%)
8,523
12,632
12,174
13,292
18,497
8,965
12,577
11,284
11,115
12,103
11,068
12,086
16,182
13,498
11,084
14,710
11,138
Working Capital
1,466
1,644
1,423
1,421
1,313
3,358
4,468
1,349
1,289
1,512
1,478
1,445
2,723
3,121
2,938
9,989
9,920
LT Debt
18,144
22,233
23,582
25,212
30,902
29,413
31,200
33,218
33,451
35,131
34,597
36,329
40,531
43,105
44,413
47,829
45,969
Total Equity
13.41
22.24
11.69
9.42
34.08
9.59
7.34
9.98
10.98
9.63
14.21
24.38
22.16
13.05
8.01
13.86
15.23
Return on Invested Capital (%)
6.27
11.94
8.05
8.97
31.06
4.74
5.31
7.08
7.46
6.59
10.05
17.6
16.06
5.22
0.95
8.26
8.21
Return on Capital (%)
20.71
43.33
21.76
18.89
61.2
12.7
12.24
15.3
15.9
13.7
19.21
34.45
32.36
14.57
5.88
22.69
23.33
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,629
5,615
2,684
LT Borrowings
3,806
8,906
8,806
LT Finance Leases
930
1,083
1,114
Preferred Equity and Hybrid Capital
7
7
7
Shares Outstanding
13,931
13,931
13,931
Market Capitalization
67,214
51,897
43,129

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
25,755
25,607
19,416
Cash, Cash Equivalents & STI
19,478
19,513
12,450
Accounts Receivable, Net
1,328
1,212
866
Inventories
2,526
2,647
3,475
Total Current Liabilities
12,802
10,897
8,278
Payables & Accruals
- -
- -
- -
ST Debt
6,629
5,615
2,684
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.04%
6.73%
7.69%
Free Cash Flow
12.91%
-85.66%
-219.03%
Net Income, GAAP
38.03%
58.68%
312.03%
Sales/Revenue/Turnover
7.61%
7.88%
32.44%
Total Cash Common Dividend
25.59%
8.99%
64.61%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,577
6,123
7,029
5,158
21,535
2025
2,830
8,183
10,120
6,530
28,522
2026
3,057
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.1
- -
0.11
2025
0.04
0.11
0.22
- -
0.45
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.23
2025
0.12
- -
0.08
- -
0.38
2026
0.18
- -
- -
- -
- -
Similar Companies
Minbos Resources Limited (MNB.AX)
Bryah Resources Limited (BYHFF)
Lynas Rare Earths Limited (LYC.AX)
Flying Nickel Mining Corp. (FLYNF)
Sumitomo Metal Mining Co., Ltd. (STMNF)
NH3 Clean Energy Limited (NH3.AX)
Business
Nickel Asia Corporation engages in the exploration, mining, and processing of nickel laterite and other mineral resources primarily in the Philippines. The company’s core products include nickel ore, laterite nickel, saprolite nickel, and associated minerals. It operates several nickel mining projects and processing plants that supply high-grade ferronickel, nickel pig iron, and nickel ore that are essential raw materials for stainless steel manufacturing and battery production industries. Nickel Asia also offers environmentally responsible mining services and aims to deliver sustainable mineral solutions to global markets. Founded in 1969 and headquartered in Manila, Philippines, Nickel Asia Corporation operates predominantly in the Asia-Pacific region, with significant mining assets across various Philippine provinces. The company has recently expanded its product offerings to include higher-purity nickel products targeting the electric vehicle battery market, reflecting a strategic shift towards sustainable energy materials. In the past 1-2 years, Nickel Asia has entered into strategic alliances with battery manufacturers and secured new funding to enhance its baseline production capabilities and facilitate capacity expansions. Furthermore, the company has invested in new processing technologies and upgraded facilities to increase efficiency and reduce environmental impact, supporting its vision as a leading nickel supplier for the growing renewable energy sector. Nickel Asia Corporation serves a diversified customer base including stainless steel producers, battery manufacturers, and international commodity traders. It is recognized for its commitment to responsible mining practices underpinned by stringent environmental, social, and governance (ESG) standards. As part of its corporate structure, the company maintains several subsidiaries focused on mining operations and processing, ensuring comprehensive control of the nickel supply chain from extraction to delivery. This positioning of Nickel Asia Corporation underscores its role as a key player in the global nickel market, offering a range of high-quality nickel products and pursuing strategic growth in alignment with global demand shifts towards green technologies and electric vehicles. The company’s recent operational enhancements and strategic partnerships are integral to maintaining its leading market stance and driving future growth in the evolving mining sector.

Company News

APIChatGPT

  • seekingalpha.com

    Nickel Asia Corporation (NCKAF) Q1 2026 Earnings Call Transcript

  • seekingalpha.com

    Nickel Asia Corporation (NCKAF) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    Nickel Asia Corporation (NCKAF) Q3 2025 Earnings Call Transcript