December 2025 Half Year Financial Results Overview

Core Insights - Paladin Energy Ltd has released its December 2025 Half Year Financial Accounts, showcasing strong operational performance and financial stability during the first half of FY2026 [1][4]. Financial Performance - The company sold 1.96 million pounds of U₃O₈ at an average realised price of US$70.5 per pound, generating sales revenue of US$138.3 million [4][5]. - The cost of sales for the period was US$112.3 million, leading to a gross profit of US$26.0 million, a significant increase from US$0.9 million in the previous period [5][6]. - The net loss after tax was US$6.6 million, an improvement from a loss of US$15.1 million in the same period last year, attributed to ongoing production ramp-up and business expansion [6]. Operational Highlights - The Langer Heinrich Mine (LHM) has shown strong performance, with the mining team optimizing production processes and ramping up activities [3][4]. - The company has successfully completed a fully underwritten A$300 million equity raising and a A$100 million share purchase plan to support the development of the Patterson Lake South (PLS) Project [5][6]. Financial Position - Total unrestricted cash and investments increased by 213% to US$278.4 million, up from US$89.0 million as of June 30, 2025 [7][8]. - The company restructured its debt facility, reducing the overall debt capacity from US$150 million to US$110 million, enhancing liquidity and balance sheet flexibility [9][10]. Debt Restructuring - The restructured debt facility includes a US$40 million term loan and an undrawn revolving credit facility of US$70 million, with no additional debt drawn during the period [10][9].