Boss Energy Limited: Production Growth with Lower Cost Outlook
Boss Energy Limited (ASX: BOE) is an Australian uranium producer operating the 100%-owned Honeymoon Uranium Operation and holding a 30% interest in the Alta Mesa ISR project in Texas. During the half-year ended 31 December 2025, the company materially increased output, delivering 841,701 lbs of uranium and lifting revenue by 71% to AU$81.8 million, supported by additional wellfields and expanded processing capacity.
Despite this operational momentum, Boss reported a net loss of AU$7.9 million. The loss was largely attributable to accounting impacts from the sale of previously purchased inventory and higher-cost initial production rather than underlying cash performance. In contrast, operating cash flow remained strong at AU$36.2 million.
Importantly, improved reagent optimisation and operating efficiencies reduced C1 cash costs to AU$31.6 per lb, prompting management to lower its full-year cost guidance to AU$36–AU$40 per lb from AU$41–AU$45 per lb. With AU$208.0 million in cash and liquid assets and no debt, Boss remains well-capitalised to advance its New Feasibility Study and long-term production strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Boss Energy Limited: Production Growth with Lower Cost Outlook
Boss Energy Limited (ASX: BOE) is an Australian uranium producer operating the 100%-owned Honeymoon Uranium Operation and holding a 30% interest in the Alta Mesa ISR project in Texas. During the half-year ended 31 December 2025, the company materially increased output, delivering 841,701 lbs of uranium and lifting revenue by 71% to AU$81.8 million, supported by additional wellfields and expanded processing capacity.
Despite this operational momentum, Boss reported a net loss of AU$7.9 million. The loss was largely attributable to accounting impacts from the sale of previously purchased inventory and higher-cost initial production rather than underlying cash performance. In contrast, operating cash flow remained strong at AU$36.2 million.
Importantly, improved reagent optimisation and operating efficiencies reduced C1 cash costs to AU$31.6 per lb, prompting management to lower its full-year cost guidance to AU$36–AU$40 per lb from AU$41–AU$45 per lb. With AU$208.0 million in cash and liquid assets and no debt, Boss remains well-capitalised to advance its New Feasibility Study and long-term production strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au