• Production of 1.23Mlb U3O8, up 16% on previous quarter
• Strong sales volumes of 1.43Mlb U3O8 at US$71.8/lb
• Mobilization completed for winter drilling program at Patterson Lake South

Paladin Energy, a globally significant independent uranium producer, has reported its results for the three months ended 31 December 2025. The company's Langer Heinrich Mine (LHM) in Namibia produced 1.23Mlb U3O8, up 16% from the previous quarter, driven by an uplift in ore feed grade as a result of a higher proportion of mined ore processed. Paladin sold 1.43Mlb U3O8 during the quarter at an average realized price of US$71.8/lb, benefiting from the quality of the LHM contract book and a strengthening uranium pricing environment. The company also completed mobilization for the winter drilling program at the Patterson Lake South (PLS) Project in Canada, as it continues to progress permitting activities for the advanced development stage project. Paladin's balance sheet was further strengthened during the quarter, with cash and investments of US$278.4M and an undrawn US$70M Revolving Credit Facility at quarter end, following the completion of a Share Purchase Plan and the restructuring of the syndicated debt facility. The company also announced the commencement of Dale Huffman as President of Paladin Canada and Scott Barber as Chief Operating Officer, bolstering its leadership team.