Paladin Energy Ltd · ASX:PDN
Paladin Energy — Q4 2025 Earnings Presentation
20 slides from Paladin Energy's earnings presentation, Jul 23, 2025
Slide 1: June 2025 Quarter Presentation
June 2025 Quarter Presentation 23 July 2025
Slide 2: Important Notice
This presentation (Presentation) is dated 23 July 2025 and has been prepared currency and interest fluctuations, various events which could disrupt operations Technical Information by Paladin Energy Ltd (the Company or Paladin) based on information and/or the transportation of mineral products, incl
Slide 3: June 2025 Quarter
June 2025 Quarter Refer to Paladin’s exchange announcement titled “June 2025 Quarterly Activities Report” dated 23 July 2025
Slide 4: Highlights
Highlights • 33% increase in quarter-on-quarter production at the Q4 Q3 Q2 Q1 LHM Summary (100%)1 Langer Heinrich Mine (LHM) FY2025 FY2025 FY2025 FY2025 FY2025 • Highest quarterly crusher circuit throughput in the history of U3O8 Produced lb 993,843 745,484 638,409 639,679 3,017,415 the LHM operatio
Slide 5: Safety & Sustainability
Safety & Sustainability Q4 Q3 Q2 Q1 FY2025 FY2025 FY2025 FY2025 FY2025 TRIFR 2.7 3.3 1.3 2.2 2.7 (12 month average) • Paladin exceeded FY2025 safety targets with full year TRIFR of 2.7 per million hours, compared to the previous year TRIFR of 3.8 per million hours worked • The Company continued its
Slide 6: Langer Heinrich Mine | Namibia: Mining
Langer Heinrich Mine | Namibia Mining Mining activities commenced in April LHM Summary (100%) Q4 Q3 Q2 Q1 with the G2A pit being the primary FY2025 FY2025 FY2025 FY2025 FY2025 source of freshly mined ore for the Total Mined DT (million) 3.23 - - - 3.23 quarter Waste DT (million) 1.01 - - - 1.01 • Mo
Slide 7: Processing plant
Langer Heinrich Mine Processing plant Highest quarterly crusher circuit LHM Summary (100%) Q4 Q3 Q2 Q1 throughput in the history of the FY2025 FY2025 FY2025 FY2025 FY2025 LHM operations Tonnes Processed DT (million) 1.17 0.90 0.75 0.83 3.64 Ore Feed Grade PPM 477 419 404 422 435 • Record crusher thr
Slide 8: Production and Sales
Langer Heinrich Mine Production and Sales 33% increase in quarter-on-quarter FY2025 Production and Sales2 994 production, the highest quarterly output 872 since the mine’s restart 745 710 640 623 638 500 • The LHM produced 993,843lb U₃O₈ during the quarter • Total production for the financial year o
Slide 9: Contract Book
Langer Heinrich Mine Contract Book Contract pricing mix (2025-30)8 Uranium sales agreements 13 secured with Tier-1 industry 57% counterparties in the US, Market-related Europe and Asia prices 43% 24.1Mlb of U3O8 contracted to 20307 Base-escalated & fixed prices Our account for over 40% of global cus
Slide 10: Patterson Lake South | Canada: Project Progress & Exploration
Patterson Lake South | Canada Project Progress & Exploration Q4 Q3 Q2 Q1 • The winter drilling program at PLS was successfully completed during PLS9 FY2025 FY2025 FY2025 FY2025 FY2025 May 2025 and delivered the most significant radioactivity results ever Development & recorded on the Company’s tenem
Slide 11: Michelin Project | Canada: Exploration
Michelin Project | Canada Exploration Winter drilling program Q4 Q3 Q2 Q1 Michelin Project concluded during the quarter FY2025 FY2025 FY2025 FY2025 FY2025 Exploration US$M 1.6 1.8 1.3 2.2 6.9 • Winter drilling program activities were focused within a reduced radius of the Michelin deposit • This tar
Slide 12: FY2025 Cash Flow
FY2025 Cash Flow For the twelve-month period ended 30 June 2025 US$ million • Cash and cash equivalents of US$89.0M (excluding restricted cash of US$4.4M) 167 • Commencement of mining during the quarter, and timing-related working capital movements were the main contributors for the reduction of US$
Slide 13: LHM FY2026 Guidance
LHM FY2026 Guidance Refer to Paladin’s exchange announcement titled “Langer Heinrich Mine FY2026 Guidance” dated 23 July 2025
Slide 14: Langer Heinrich Mine FY2026 Guidance
Langer Heinrich Mine FY2026 Guidance The operational ramp-up of the LHM is expected to LHM Guidance (100%1)11, 12 FY2026 be completed by the end of FY2026 with full mining and processing plant operations planned for FY2027 U3O8 Produced Mlb 4.0 - 4.4 U3O8 Sold13 Mlb 3.8 - 4.2 • The LHM will continue
Slide 15: FY2026 Mining Areas
Langer Heinrich Mine FY2026 Mining Areas Mining operations for FY2026 are expected to be concentrated in the G-pit area with minor mining activity planned for the F and J pits Current Tailings (TSF5) J-Pit late in the financial year • The LHM commenced FY2026 with an estimated 2.2Mt F-Pit of stockpi
Slide 16: Clean Energy. Clear Future.
Clean Energy. Clear Future. 16
Slide 17: Appendices
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Slide 18: Uranium market returning to fundamentals
Uranium market returning to fundamentals Spot and term market volumes17 Spot and term pricing, last 5 years18 Spot Uranium Contract Volumes 275 Long-Term Uranium Contract Volumes 120 250 YTD Spot Uranium Contract Volumes YTD Term Uranium Contract Volumes 225 100 +125% Term (over the last 5 years) 20
Slide 19: Notes
Notes 1. Paladin has a 75% interest in the LHM 2. FY2025 sales include 365,000lb loan material delivered into existing contracts – 165,000lb in the June 2025 Quarter and 200,000lb in the December 2024 quarter 3. FY2025 Average Realised Price is calculated as the average revenue received per pound so
Slide 20: Paladin Investor Relations
PALADIN INVESTOR RELATIONS Head Office Canada Paula Raffo Bob Hemmerling T: +61 8 9423 8100 T: +1 250-868-8140 E: paula.raffo@paladinenergy.com.au E: bob.hemmerling@paladinenergy.ca MEDIA Head Office Canada Anthony Hasluck Ian Hamilton Paladin Corporate Affairs FGS Longview T: +61 438 522 194 T: +1