Chamwe Kaira
Paladin Energy Limited will release its quarterly results for the period ended 31 December 2025 next week Wednesday.
The results will be published on the Australian Securities Exchange and made available on the SEDAR+ platform. Paladin is listed on the ASX, the Toronto Stock Exchange and the OTCQX, and is registered as an external company in Namibia. The company will host a quarterly results conference call after the release.
At its annual general meeting in November, Paladin said the global uranium market outlook remains strong, supported by rising demand for nuclear energy linked to energy security concerns and growing electrification.
The company said utilities are increasingly looking to secure uranium supply from Western-facing jurisdictions.
Paladin’s Langer Heinrich Mine in Namibia is ramping up to full mining and operational capacity.
The 2025 financial year marked the first full year of production at the mine, with mining operations having started in April 2025. Full mining and processing operations are planned for the 2027 financial year.
During 2025, the company produced about 3.0 million pounds of uranium oxide.
Expected production for the first quarter of 2026 is 1.06 million pounds. Paladin achieved an average realised uranium price of US$65.7 per pound during the period, with an average production cost of US$40.2 per pound.
For the first quarter of 2026, the company expects the average realised price to rise to US$67.4 per pound, while production costs are forecast to increase to US$41.6 per pound.
Paladin sold 2.7 million pounds of uranium oxide in 2025 and currently has 14 uranium sales agreements with tier-one customers in the United States, Europe and Asia.
The company has contracted a total of 24.5 million pounds of uranium oxide through to 2030.
About 85% of the Langer Heinrich ore reserve is either exposed to market-related pricing or remains uncontracted.
Paladin also maintains a life-of-mine sales agreement with China National Nuclear Corporation, which is one of the mine’s largest consumers of production.
The company said its strategy at Langer Heinrich includes brownfield exploration, improving resource knowledge, increasing mineral resources to extend the life of the mine, and optimising mining and processing operations through geoscience.
Paladin said current uranium demand is supported by the existing global nuclear reactor fleet, reactors under construction, and life extensions and restarts, particularly in the United States.
The company highlighted additional demand drivers, such as the pledges made by 31 countries at COP28 and COP29 to triple global nuclear power capacity by 2050.
The company also referred to recent executive orders in the United States aimed at expanding the nuclear sector, with a target to increase US nuclear capacity from about 100 gigawatts to 400 gigawatts by 2050.
Paladin estimates this could add around 150 million pounds of uranium oxide in annual demand for the US alone.
It also cited rising power demand from data centres and artificial intelligence as supporting long-term uranium demand.
Caption
The current uranium demand is underpinned by the existing global nuclear reactor fleet, reactors under construction, and life extensions and restarts, particularly in the United States.
- Photo: Paladin Energy
