Nickel Industries Limited (NICMF) Q2 2026 Earnings Call Transcript

Thank you, and thank you, everyone, for your attendance. If I could please ask the moderator to turn to Slide 2, please. We'll kick off with safety, 80 million man-hours LTI free for the 12 months to the end of June. We continue to remain the ESG leader in Indonesia, 1 of only 3 nickel mining companies to receive a green PROPER rating, and we achieved the highest score of all nickel mining companies in Indonesia. In terms of other ESG initiatives during the quarter, we've entered into a joint agreement to explore for natural hydrogen in and around our Hengjaya mine permit, which could potentially unlock low-cost clean energy sources. We've inaugurated our biodiversity area. And again, we continue to receive awards and also the university scholarship program is progressing very well. We've had another batch of candidates, and we're now up north of 20 candidates that are studying at university across various degrees. If you just go to the next slide, please. Quarterly results, USD 120.5 million in adjusted EBITDA, that was down on last quarter, driven by some maintenance at some of our RKEF operations. I would note, though, that the first half 2026 EBITDA from operations currently sits