FNI delivers solid 2023 financials with strong growth in revenues and operations
March 18, 2024March 18, 2024 – Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in thePhilippines, reported revenues of ₱8.8 billion in 2023, operating income of ₱2.8 billion, net incomeattributable to shareholders of ₱1.5 billion, and earnings per share (EPS) of ₱0.3022. The 30.5% year-over-year increase in revenues to ₱8.8 billion was largely driven […]
FNI mining units sign annual sale and purchase agreement with Baosteel
December 29, 2023Ends 2023 with 4.76 million WMT shipped volume December 29, 2023 – Global Ferronickel Holdings, Inc. (PSE: FNI) announced today that its subsidiaries, Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (Ipilan), have signed an annual sale and purchase agreement with Baosteel Resources International Co., Ltd. (Baosteel). Under the agreement, Baosteel would purchase up […]
FNI Palawan mine fuels nine-month results
November 13, 2023November 9, 2023 – Global Ferronickel Holdings, Inc. (PSE: FNI) reported financial results for the nine months of 2023 with consolidated revenues of ₱6.8 billion, operating income of ₱1.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share of ₱0.3021. Consolidated revenues rose 33.1% year-over-year to ₱6.8 billion due mainly to […]
PGMC Celebrates it’s 17th Anniversary
September 18, 202317 years of strengthening the foundations of sustainable development and innovation! Having built a solid business reputation on a par with its investment in employees’ health, safety, and development, PGMC was able to bring aboard a team of highly energetic, self-motivated, and productive workforce that continuously grew with the company.
IPILAN NICKEL CORPORATION Urges NCIP to Revoke Cease and Desist Order
August 14, 2023August 14, 2023/Parañaque City – Ipilan Nickel Corporation (INC) urgently calls on Chairperson Allen A. Capuyan of the National Commission on Indigenous Peoples (NCIP) for the swift withdrawal of the Cease and Desist Order (CDO) recently issued by NCIP-MIMAROPA. The company expresses its deep concern over the immediate issuance of the CDO by the Regional […]
FNI revenue rises 41% in 1H 2023Net financial result reflects macroeconomic and weather challenges
August 9, 2023August 9, 2023 – Global Ferronickel Holdings, Inc. (PSE: FNI) reported consolidated revenues of ₱3.1 billion for the first six months of 2023, up 41.2% from ₱2.2 billion in the prior-year period. Strong volumes and higher-grade ores at Palawan mine were the main drivers of growth, partially offset by weaker prices and lower-than-average volumes at […]
FNI 2023 Annual Stockholders Meeting
July 5, 2023
Ipilan Nickel Corp. 1m shipment thanksgiving
June 21, 2023A million thanks to INC management, our employees, partners from the government and private sectors, IPs and other stakeholders in the community . This milestone means, more jobs, more progress and development for the community and the government. #IpilanNickelCares #MineResponsibility #SustainableDevelopment #1MillionWMT
FNI revenues up 28 times, reports a net income in the first quarter for the first time
May 15, 2023Global Ferronickel Holdings, Inc. (PSE: FNI)achieved Q1 2023 revenues of ₱1.1 billion and net income of ₱358.8 million, turning a first quarter profit for the first time in the company’s history. Earnings per share on net income attributable to equity holders of the company came in at ₱0.0296 compared to a loss of ₱0.0375 in the same period […]
FNI reports 2022 net income of ₱2.2 billion and provides update on strategy
March 24, 2023Global Ferronickel Holdings, Inc. (PSE: FNI) delivered resilient financial results and key operating achievements in 2022, with net income growing 9% to ₱2.2 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin expanding to 48% from 39% in the previous year. “Our performance during the year showed our Company’s ability to evolve and […]