Nickel Industries (ASX:NIC) Construction In Progress: A$18 Mil (As of Dec. 2025)


ASX:NIC Nickel Industries Ltd ASX:NIC
65 GF Score
Price A$0.90
GF Value A$0.74
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Nickel Industries Construction In Progress?

Nickel Industries ASX:NIC +1.12% 65 Construction In Progress is A$18 Mil as of Dec. 2025. GuruFocus rates ASX:NIC with a GF Score™ of 65/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Nickel Industries's quarterly construction in progress declined from Dec. 2024 (A$6 Mil) to Jun. 2025 (A$0 Mil) but then increased from Jun. 2025 (A$0 Mil) to Dec. 2025 (A$18 Mil).

Nickel Industries's annual construction in progress increased from Dec. 2023 (A$0 Mil) to Dec. 2024 (A$6 Mil) and increased from Dec. 2024 (A$6 Mil) to Dec. 2025 (A$18 Mil).

Nickel Industries Construction In Progress Historical Data

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The historical data trend for Nickel Industries's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nickel Industries Construction In Progress Chart

Nickel Industries Annual Data
Trend Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 1,013.91 1,056.31 0.33 6.19 18.23

Nickel Industries Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.00 6.19 0.00 18.23
ASX:NIC
65GF Score
Nickel Industries Ltd ASX:NIC
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Nickel Industries Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of A$18 Mil mean?
Nickel Industries (ASX:NIC) has a Construction In Progress of A$18 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Nickel Industries and its competitors.
Is Nickel Industries' Construction In Progress too high?
Nickel Industries' current Construction In Progress is A$18 Mil. Overall, Nickel Industries has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Construction In Progress compare to competitors?
Nickel Industries' Construction In Progress of A$18 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Nickel Industries and its competitors. Nickel Industries's current Construction In Progress is A$18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.90 — trading 21.6% above its estimated fair value. The current Construction In Progress is A$18 Mil. Nickel Industries' overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current Construction In Progress is A$18 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nickel Industries (ASX:NIC) Overvalued in 2026?

Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued. The current stock price of A$0.90 is trading 21.6% above its estimated GF Value™ of A$0.74. GuruFocus considers Nickel Industries to be Modestly Overvalued.

Key valuation signals for ASX:NIC:

  • Construction In Progress: A$18 Mil
  • GF Value™: A$0.74 vs. price of A$0.90 (21.6% above fair value)
  • GF Score™: 65/100 with 10 warning signs

No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nickel Industries Business Description

Other Exchanges NICMF:USANM5:Germany
Address 66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
65GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.90
Price
A$0.74
GF Value