Nickel Asia Corporation (NCKAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to Nickel Asia Corporation's briefing for our operational results for the first quarter of 2026. My name is Miriam Cueto, Nickel Asia Corporation Senior Manager for Investor Relations. Joining me today are our Group President and CEO, Mr. Dennis Lamorg, our VP for Finance and Deputy CFO, Mr. Andrew Yee, Director of our Geothermal Business, Mr. Joseph Nukoch, and President of Cordillera Exploration Company Inc., or SEXI, Dr. Drew Newmore. I'd like to remind everyone to kindly keep your microphones off during the duration of the presentation. This session will be recorded, and the presentation materials will be available on our website after the briefing. There will be a Q&A portion after the formal presentation where we will first address questions submitted via the registration form. For any additional questions, you may send those via the Q&A box or we can unmute you. So let's now begin with our financial highlights. This slide presents our consolidated financial highlights for the first quarter of 2026 compared to the same period last year. The leftmost set of bar charts indicates our top-line performance for the period and historically over the last three years. Revenues, which are comprised of the sale of ore, power, and other services, amounted to $3.2 billion in the first quarter, an 8% increase year-on-year from $2.9 billion in 2025. The set of bar charts in the center showcases our consolidated GDP for the period, which totaled $1.3 billion from $1.5 billion in the first quarter of last year. That's about 13%. The rightmost set of bar charts shows us our income, excluding minority interest. For the first quarter of 2026, that amounted to $0.4 billion, or a decrease of about 26% from 0.5 billion in the first quarter of las...