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Boss Energy FY26 profit turns around with sales boost
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Boss Energy FY26 profit turns around with sales boost

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  • Boss Energy achieved a net profit after tax of $2.5 million for FY26, marking a $36.7 million recovery from the previous year's loss.
  • The company's sales revenue doubled to $151.1 million, while cash holdings grew by $13.1 million to reach a total liquid balance of $207.3 million with zero debt.
  • Management set FY27 production guidance between 1.25 and 1.30 million pounds of U3O8 as operations transition to a wide-spaced wellfield design.

Boss Energy (ASX:BOE) returned to profitability in FY26 by reporting a net profit after tax of $2.5 million following a sales surge.

The financial result represents a sharp contrast to FY25, when the business recorded a net loss of $34.2 million.

The company did not publish an executive quote alongside its primary financial performance and guidance bullet points.

Boss CEO and Managing Director Matthew Dusci commented, "We also increased uranium inventory to 1.581M lbs, with a spot-price value of approximately $195 million at year-end."

The business closed FY26 with $207.3 million in cash and liquid assets, C1 costs of $39 per pound, and AISC of $61 per pound.

Looking ahead, the company stated that FY27 C1 cash costs are guided at $51-$56 per pound, with AISC estimated at $83-$92.

Following the announcement, the Boss Energy share price was down at $1.55.

The group doubled its full-year sales revenue from $75.6 million in FY25 to $151.1 million in FY26.

The growth was supported by an average realised uranium price of $111 per pound during the reporting period.

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