Paladin Energy Ltd (PALAF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Paladin Energy Limited December 2025 quarterly results call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you would like to ask a question you need to press the start key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr Paul Hemborough, CEO. Please go ahead. Thank you very much and hello everyone. Thank you for joining us today. With me is Anna Fudlow, our Chief Financial Officer, Alex Ryback, Chief Commercial Officer, Melanie Williams, Chief Legal Officer, Scott Barber, Chief Operating Officer, and of course, Paula Raffo, Head of Investor Relations. I'll provide a brief overview of our Q2 performance, focusing on Lange Heinrich, our progress in Canada, and specifically at Perth and Lake South Development, and our financial position before opening for questions. Let me begin by saying it was a very strong quarter for Paladin, and we couldn't be more pleased with the result. At Langeheine, we produced 1.23 million pounds of E3O8, a 16% increase in the prior quarter, as ramp-up continues to build momentum. We delivered sales of 1.43 million pounds at an average realized price of $71.80 per pound, reflecting the quality of our contract book and the improving uranium market conditions. Based on the strength of performance in the first half of the year, recognising it is a ramp-up year and we have yet to commission the new fleet, we continue to expect full-year production to trend towards the upper end of our £4 million to £4.4 million guidance range. Safety and environmental performance remain strong. Over the trailing 12 months, we recorded an average total recordable injury frequency of 2.9 and we ...