Paladin Energy Ltd reported sales revenue of US$304.3M for the 2026 financial year, marking a 71% increase from US$177.7M in the previous period.

The financial performance was underpinned by operations at the Langer Heinrich Mine in Namibia, where Paladin holds a 75% ownership interest. The facility produced 4.82 million pounds of U3O8 during FY2026 at the upper end of the company's guidance range, achieving a cost of production of US$43.3 per pound at the lower end of guidance. Sales totaled 4.35 million pounds of U3O8 at an average realised price of US$70.0 per pound, compared with 2.71 million pounds sold at US$65.7 per pound in FY2025.

The ramp-up of the Langer Heinrich operation drove a gross profit of US$52.2M, turning around a gross loss of US$26.1M recorded in the previous financial year. The net loss after tax narrowed to US$9.1M for FY2026, improving from a net loss of US$76.5M in FY2025.

Total unrestricted cash and investments increased to US$265.0M at the end of the financial year, up from US$89.0M at 30 June 2025. The balance comprised US$151.9M in cash and cash equivalents alongside US$113.0M in short-term investments. Paladin closed the period with an outstanding balance of US$32 million on its term loan facility and an undrawn revolving credit facility of US$70 million.

Paladin will host its 2026 Investor Day in Sydney, Australia, on 2 September 2026.

Read the full announcement: FY2026 Financial Results Overview