Key points
- FY2026 net profit after tax improved by $36.7 million to $2.5 million
- Sales revenue doubled to $151.1 million from $75.6 million in FY2025
- FY2027 production guidance set at 1.25 to 1.30Mlbs U3O8
- C1 cash cost guidance for FY2027 is $51-56/lb (US$35-39/lb)
- AISC guidance for FY2027 is $83-92/lb (US$58-64/lb)
Full summary
Boss Energy Ltd. reported its FY2026 financial results, highlighting a net profit after tax of $2.5 million, a significant improvement from the previous year's net loss of $34.2 million. Sales revenue doubled to $151.1 million, driven by the sale of 1,400klbs of uranium at an average realised price of $111/lb (US$74.4). The company also increased its uranium inventory by 172klbs to 1.581Mlbs, valued at approximately $195 million at year-end. Despite a capital-intensive year, cash and liquid assets increased by $13.1 million to $207.3 million, with no debt. For FY2027, the company provided guidance for production of 1.25 to 1.30Mlbs U3O8, with C1 cash costs expected between $51-56/lb (US$35-39/lb) and AISC between $83-92/lb (US$58-64/lb). This guidance reflects a transition to a new wellfield design and disciplined capital investment strategy.
Guidance
FY2027 Production: 1.25-1.30Mlbs U3O8, C1 Cash Cost: $51-56/lb, AISC: $83-92/lb
Outlook
Boss Energy anticipates a transition year in FY2027 with a focus on new wellfield development, water treatment capacity expansion, and production ramp-up, aiming to maximize long-term value.