Interim Financial Report (Canadian document filing)

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Stock Paladin Energy Ltd (PDN.ASX)
Release Time 13 May 2026, 9:05 a.m.
Price Sensitive Yes
 Paladin Energy Releases Interim Financial Report
Key Points
  • Paladin Energy reports financial results for the three and nine months ended 31 March 2026
  • Company raised A$400M from equity raise and Share Purchase Plan to progress PLS project and support LHM ramp-up
  • Debt facility restructured, reducing overall debt capacity to US$110M
Full Summary

Paladin Energy Ltd has released its Condensed Interim Financial Report for the three and nine months ended 31 March 2026. The report covers the Group's financial and operational performance, including the development, mining and processing of uranium deposits, and the sale of uranium oxide concentrate from the Langer Heinrich Mine (LHM) in Namibia, the development of the Patterson Lake South (PLS) Project in Canada, and exploration and evaluation activities in Canada, Namibia and Australia. During the nine-month period, the Company raised A$400 million from a fully underwritten equity raise and a Share Purchase Plan to progress the PLS project towards a final investment decision and support the ongoing ramp-up of the LHM. The Company also completed a restructure of its Debt Facility, reducing the overall debt capacity from US$150 million to US$110 million, comprising a US$40 million Term Loan Facility and an undrawn US$70 million Revolving Credit Facility. As at 31 March 2026, the Company held US$219.5 million in unrestricted cash, including short-term investments of US$102.5 million, along with the undrawn Revolving Debt Facility of US$70 million, providing a strong liquidity position to support the Company's growth initiatives.

Guidance

The Company reported revenue of US$209.05 million and a gross profit of US$34.42 million for the nine months ended 31 March 2026.