• Langer Heinrich Mine production and sales ramp up, generating US$138.3M in revenue
• Patterson Lake South Project progressing through permitting and engineering review
• Successful equity raise and debt restructure strengthens balance sheet

Paladin Energy Ltd reported a strong financial performance for the six months ended 31 December 2025, with revenue increasing 79% to US$138.3M. This was driven by the continued ramp-up of production and sales at the Langer Heinrich Mine (LHM) in Namibia, where the company produced 2.30Mlb of U3O8 at an average recovery rate of 89%. The LHM sold 1.96Mlb of U3O8 at an average realized price of US$70.5/lb. The company's development-stage Patterson Lake South (PLS) Project in Canada also made progress during the period, with Paladin continuing to advance permitting activities, including the Environmental Impact Statement, and completing a detailed technical review as part of the Front-End Engineering and Design work. Paladin strengthened its balance sheet during the period, completing a fully underwritten A$300M equity raising and A$100M share purchase plan. This, combined with a restructure of the company's Debt Facility, resulted in a significant improvement in Paladin's net cash position, which stood at US$238.4M as of 31 December 2025.The company also made several key executive appointments, including the formal appointment of Paul Hemburrow as Managing Director and Chief Executive Officer, and the hiring of Dale Huffman as President of Paladin Canada and Scott Barber as Chief Operating Officer.

Paladin Energy Ltd expects to continue the ramp-up of production and sales at the Langer Heinrich Mine during the 2026 financial year.

Paladin Energy Ltd remains focused on progressing the development of the Patterson Lake South Project, including advancing permitting and engineering activities. The company also plans to continue exploration and evaluation activities across its portfolio of uranium assets in Canada, Namibia and Australia.