Paladin Energy Ltd reported a $5 million revenue beat in the second half of fiscal 2026, posting $106 million against a $101 million forecast as uranium sales accelerated. Full-year revenue surged 71% year-over-year to $304 million, driven by higher sales volumes and an average realized uranium price of $70 per pound.
The company narrowed its net loss after tax to $9.1 million from a deeper deficit in the prior period, while gross profit reached $52 million. Operating cash flow turned positive at $37.7 million, and cash and liquid assets totaled $265 million at year-end, supported by an undrawn $70 million revolving credit facility.
Production at the Langer Heinrich Mine in Namibia met revised guidance, delivering 4.82 million pounds of U3O8 and selling 4.35 million pounds. The mine’s ramp-up is now complete, with operations running in line with budgeted performance following a planned one-week shutdown in the first half of fiscal 2027.
Paladin’s Patterson Lake South (PLS) project in Canada advanced pre-construction spending to $19 million by the end of fiscal 2026, remaining within a $1.2 billion capital expenditure estimate. A final investment decision is targeted by the end of calendar 2027, with management emphasizing flexibility in funding options, including potential project financing.
Safety metrics improved, with the group’s Total Recordable Injury Frequency Rate recorded at 3.2 for the year. The company’s market capitalization stood at $358 million, with shares rising 3.18% to $12.34 in premarket trading.
Executives highlighted strong long-term fundamentals in the uranium market, citing growing demand for secure, low-carbon baseload power. Focus is shifting toward PLS as Langer Heinrich’s operational phase stabilizes, while engagement with local First Nations groups continues to progress constructively.
