Paladin Energy cuts FY26 losses to US$9.1M

• Paladin Energy reduced its full-year net loss after tax to US$9.1 million for FY26 as sales revenue surged to $304.3 million.
• The uranium producer's total unrestricted cash and investments increased 198% to US$265 million, while its share price rose following the market update.
• The performance was supported by the operational restart and ramp-up of the Langer Heinrich Mine alongside higher average realised uranium prices.

Paladin Energy (ASX:PDN) reduced its net loss after tax to US$9.1 million for the year ended June 30, driven by a revenue surge to $304.3 million.

The net loss improvement was driven by a stronger earnings contribution from LHM, partially offset by a US$8.6 million increase in general administration costs associated with the increased scale and complexity of the business and a US$6.1 million impairment of exploration assets, US$5.7 million of which relates to the rationalisation of Michelin Project tenements.

The financial results reflect an operational recovery compared to FY25, when the business recorded a net loss of US$76.5 million and a gross loss of US$26.1 million.

Because the earnings report did not include an executive quote, this section provides direct context on operational cash flow, which shifted to positive US$37.7 million from negative US$3.8 million in the prior period.

Production at the Langer Heinrich Mine reached 4.82 million pounds of uranium oxide at a production cost of US$43.30 per pound, which the business noted was at the lower end of its target cost guidance.

Operating cash flow turned positive as the business benefited from higher sales volumes of 4.35 million pounds and an average realised price of US$70 per pound.

Following the announcement, the Paladin Energy share price was up at $12.81.

The company maintains an undrawn US$70 million revolving credit facility alongside its US$265 million unrestricted cash balance.

Paladin Energy continues to focus on optimising output at its flagship Namibian uranium operations to supply global utilities under long-term contracts.