S&P/ASX 200 Index (ASX: XJO) uranium share Paladin Energy Ltd (ASX: PDN) is storming higher today.
Paladin Energy shares closed yesterday trading for $12.25. During the Thursday lunch hour, shares are swapping hands for $12.64 each, up 3.6%.
For some context, the ASX 200 is up 0.6% at this same time.
Taking a step back, Paladin Energy shares have surged 50.8% over the last 12 months, racing ahead of the 6.3% one-year gains posted by the benchmark index.
And brave investors who waded in and bought the ASX 200 uranium share on 22 April when it was trading at multi-year lows of $3.98 will currently be sitting on gains of 217.6%.
That’s enough to turn a $5,000 investment into $15,879. In less than 10 months!
Now, here’s what’s grabbing investor interest again today.
ASX 200 uranium share jumps on half-year results
Paladin Energy released its half-year results covering the six months to 31 December (H1 FY 2026) before market open this morning.
As a quick overview, Paladin Energy has a 75% ownership of the Langer Heinrich Mine (LHM) in Namibia, along with development assets in Australia and Canada.
The ASX 200 uranium share acquired Canadian company Fission Uranium Corp in late 2024. Paladin shares also now trade on the Toronto Stock Exchange (TSX).
Over the half year, Paladin sold 1.96 million pounds of uranium from LHM. The company received an average realised price of US$70.5 per pound, generating sales revenue of US$138.3 million.
Amid the ongoing ramp-up of production at LHM, the cost of those sales came to US$112.3 million.
Paladin reported a gross half-year profit of US$26 million, up from a gross profit of US$900,000 in H1 FY 2025.
However, the ASX 200 uranium share still reported a net loss after tax of US$6.6 million. This was driven by the ongoing production ramp-up at LHM, the miner’s business expansion following its acquisition of Fission Uranium (since rebranded Paladin Canada Inc), as well as costs involved with its TSX listing and financing activities.
As at 31 December, Paladin Energy had total unrestricted cash and investments of US$278.4 million, up 213% year on year.
What did management say?
Commenting on the half-year results helping lift the ASX 200 uranium share today, Paladin CEO Paul Hemburrow said, “The first half of the year demonstrated strong and continually improving performance at Langer Heinrich Mine.”
Looking ahead, he added:
With the remaining mining fleet arriving on site, the foundations are now in place to successfully complete our ramp-up at Langer Heinrich Mine during the remaining months of the year.
The post Guess which surging ASX 200 uranium share is leaping higher again today appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.