Boss Energy reports profit turnaround and more uranium production in FY2026

The Boss Energy Ltd (ASX: BOE) share price is in focus today as the company posted a $2.5 million profit after tax for FY2026, a sharp turnaround from last year’s $34.2 million loss. Revenue more than doubled to $151.1 million, marking the company’s first full year selling uranium from Honeymoon.

What did Boss Energy report?

• Revenue: $151.1 million, up 100% from FY2025
• Net profit after tax: $2.5 million (FY2025: $34.2 million loss)
• Operating cash flow: $73.6 million (FY2025: $17.4 million)
• Production: 1.41 million pounds of uranium oxide (up 61% year-on-year)
• Cash and liquid assets: $207.3 million, no debt
• No dividend declared for FY2026

What else do investors need to know?

Boss Energy has ramped up production at Honeymoon, its key operating mine in South Australia, commissioning new infrastructure and focusing on operational improvements. A New Feasibility Study and updated life-of-mine plan were also released, centring on a wide-spaced wellfield design to lift efficiency and cut costs.

In Texas, Boss holds a 30% stake in the Alta Mesa uranium operation, which delivered its own production growth. The company has also advanced studies and permitting for the Gould’s Dam and Jasons satellite deposits, aiming to expand future supply using existing infrastructure.

What did Boss Energy management say?

Managing Director & CEO Matt Dusci said:

Our priorities for FY2027 are to safely progress the development plan outlined in the New Feasibility Study, continue improving operational performance and cost competitiveness, advance our satellite deposits and maintain disciplined capital management. We recognise that rebuilding confidence will require consistent execution and delivery against our commitments. This will remain a key focus as we move forward.

What’s next for Boss Energy?

Looking ahead, Boss Energy aims to build on its reset operational base by transitioning Honeymoon to the newly established wide-spaced wellfield approach. The plan is to steadily boost output, pursue further efficiency gains and optimise costs over the next development phase.

Further milestones include progressing Gould’s Dam and Jasons towards production and maintaining strong capital discipline. The company is also watching the uranium market closely as global demand remains strong amid a renewed focus on energy security and decarbonisation.

Boss Energy share price snapshot

Over the past 12 months, Boss Energy shares have declined 6%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Boss Energy reports profit turnaround and more uranium production in FY2026 appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.