Boss Energy Limited · ASX:BOE
Boss Energy — Q1 FY2026 Earnings Presentation
12 slides from Boss Energy's earnings presentation, Oct 29, 2025
Slide 1: A global multi-mine Uranium producer: September 2025 Quarterly Results
For personal use only A global multi-mine Uranium producer September 2025 Quarterly Results 29 October 2025 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 2: Q1 Highlights
Strongest quarter of drummed production with costs below guidance and robust cash margins Q1 Highlights For personal use only Key ramp up Strong Financial Further growth and milestones delivered Position other initiatives underway • Record quarterly drummed production • Average realised price of $11
Slide 3: Honeymoon Production Results
Record drummed production keeps Boss on track to meet FY26 Guidance Honeymoon Production Results HONEYMOON QUARTERLY PRODUCTION For personal use only lbs Quarterly Production • Record quarterly drummed production of 385,910 lbs U3O8 (Up 37K lbs, 11%). 450,000 • IX production of 376,025 lbs down 20K
Slide 4: Cost Performance
Costs below guidance generating robust cash margins Cost Performance For personal use only Q1 Q4 Full Year Guidance • Cash Cost of $34/lb (US$22/lb) favourable to FY2026 Guidance of Key Metric Unit $41-45/lb (US$27-29/lb) due to lower reagent consumption from (FY26) (FY25) (FY26) Cash Cost $/lb 34 3
Slide 5: Financial Strength
Boss is well positioned to self-fund ramp up and growth opportunities Financial Strength For personal use only Sales and Inventory Q1 FY26 Q4 FY25 • Strong financial position with no debt and $212.4 million of liquid Sales lbs 400,000 100,000 assets. Loan repayment lbs 100,000 - • Recorded $57.1 mil
Slide 6: Alta Mesa JV
Alta Mesa JV continues to bring on new wellfields Alta Mesa JV ALTA MESA JV QUARTERLY PRODUCTION (100%) For personal use only Uranium • Drummed production of 206,231 lbs up 15% from June quarter, Drummed (lbs) 2025 (180Klbs).1 250,000 • Additional roll front uranium mineralisation has been discovere
Slide 7: Honeymoon Review and Satellite Deposits
Honeymoon Review, Delineation program and Satellite Deposits are a priority Honeymoon Review and Satellite Deposits For personal use only • The Honeymoon Review1 is ongoing – Targeted to complete in the December quarter, 2025. • In parallel to the Honeymoon Review, Boss is accelerating a resource de
Slide 8: Summary
Boss on track to meet FY26 Guidance Summary For personal use only • Strongest quarter of drummed production. Costs below FY2026 guidance • Strong financial position with $212.4M in cash and liquid assets and generating positive free cash flow • On-track to ensure safe delivery of FY2026 Guidance • A
Slide 9: Appendices
For personal use only Appendices
Slide 10: Appendix 1: Quarterly Cashflow bridge
Appendix 1: Quarterly Cashflow bridge For personal use only $000's 100,000 90,000 15,482 80,000 36,539 (12,390) 70,000 (6,330) 60,000 (9,459) (3,542) 50,000 (5,260) 414 47,767 (4,218) 40,000 36,531 30,000 20,000 10,000 - Opening Receipts enCore Honeymoon Sustaining Project & Alta Mesa G&A Exploratio
Slide 11: Disclaimer and Important Notices
Disclaimer and Important Notices IMPORTANT: You must read the following before continuing. EFFECT OF ROUNDING This investor presentation (“Presentation”) has been prepared by Boss Energy Limited (ACN 116 834 336) (Boss Energy or A number of figures, amounts, percentages, estimates, calculations of v
Slide 12: Keep in touch
For personal use only September 2025 Quarterly Results Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF