Boss Energy Limited (BOE) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thanks, Val. Good morning, everyone. Thanks for joining the Boss Energy June quarterly conference call. Joining me on the call is Justin Laird, our CFO. I'll provide an overview of the quarter and the full year results. And at the end of the call, we'll be happy to take questions. Turning to slide two. The June quarter was a strong finish to FY26. We delivered our revised production and cost guidance. We continue to strengthen our financial position. and we further established the operating platform required to support growth. Honeymoon production recovered strongly from the rain affected March quarter with drum production of 362,000 pounds up 79% from the prior quarter. For the full year, production was 1.41 million pounds of uranium up 61% on FY25 and within our revised guidance range. Cost performance was also within revised guidance with full year C1 costs of $39 per pound and all in sustaining cost of $61 per pound. During the quarter, the company completed and commissioned key operating infrastructure, including NIM6 columns four and five, the associated pumping systems and the East Katharoo trunk line. Together with six wellfields now in production, this infrastructure is supporting record flow through the operation. Despite FY26 being a capital intensive year, the company generated positive cash flow. Cash increased by 13.1 million over the year while uranium inventory grew by 172,000 pounds to 1.58 million pounds at the 30th of June. We therefore closed FY26 with $207 million in cash and liquid asset and no debt. We continue to make meaningful progress on our strategic programs of work aimed at unlocking the value of our assets. This included bringing forward the new feasibility study to the end of August as we continue to build confidence in our wide space ...