Boss Energy (ASX:BOE) has delivered a robust half-year operational update for the period ended Dec. 31, 2025, headlined by a 71% rise in revenue to $81.8 million.
The financial growth was underpinned by a scale-up in production at the Honeymoon Project, which yielded 842,000 lbs of drummed uranium—a significant jump from the 227,000 lbs produced in the prior year's first half.
The operational momentum allowed the company to increase sales to 750,000 lbs and achieve an average realised price of $113.4/lb.
Despite the strong top-line growth and a healthy $36.2 million in positive operating cash flow, the company reported a statutory net loss after tax of $7.9 million.
Management attributed this primarily to the accounting treatment of selling purchased inventory and higher-cost first production.
However, Boss Energy remains in a premier financial position, boasting $208 million in cash and liquid assets with zero debt.
Efficiencies are also improving; the company lowered its C1 cost guidance to $36–$40/lb following reagent optimisation.
CEO Matthew Dusci expressed confidence in the company's trajectory, noting that the conclusion of the Honeymoon Review provides a clear pathway forward.
At the time of reporting, Boss Energy's share price was $1.68.