• Revenue of US$138.3M driven by strong sales of 1.96Mlb U3O8
• Gross profit of US$26.0M, a significant increase from previous period
• Successful completion of A$300M equity raising and A$100M share purchase plan

Paladin Energy Ltd reported strong financial results for the December 2025 half-year, with revenue of US$138.3M driven by sales of 1.96Mlb of U3O8 at an average realised price of US$70.5/lb. Cost of sales totalled US$112.3M, reflecting the continued ramp-up of production at the Langer Heinrich Mine (LHM), resulting in a gross profit of US$26.0M for the period, a significant increase from the previous period. The company reported a net loss after tax of US$6.6M, driven by the ongoing production ramp-up at LHM, business expansion following the Fission Uranium Corp acquisition, and financing activities. Paladin successfully completed a fully underwritten A$300M equity raising and a A$100M share purchase plan, primarily to advance the development of the Patterson Lake South (PLS) Project and support the ongoing ramp-up of the LHM. The company also restructured its syndicated debt facility, reducing the overall debt capacity from US$150M to US$110M and providing greater undrawn debt capacity and balance sheet flexibility. The half-year results highlight the robust financial position of Paladin Energy, with total unrestricted cash and investments increasing by 213% to US$278.4M and a net cash position of US$238.4M at the end of the period.

Paladin Energy expects to continue the successful ramp-up of operations at the Langer Heinrich Mine during the remainder of the 2026 financial year.

Paladin Energy is focused on advancing the development of the Patterson Lake South (PLS) Project in Canada, including a winter drilling program, while also continuing to ramp up production at the Langer Heinrich Mine.