Alligator Energy (AGE) H2 2026 earnings summary

Executive summary

• Advanced Samphire Uranium Project with successful Field Recovery Trial (FRT) at Blackbush, demonstrating in-situ recovery (ISR) viability and strong uranium recovery metrics.

• Commenced Samphire Feasibility Study, targeting completion in Q2 FY2028, and progressed Mining Lease application.

• Increased Samphire Mineral Resource by 67% to 30.0 Mlb U3O8, including a maiden 12.0 Mlb Inferred Resource at Plumbush.

• Divested Northern Territory uranium assets, strengthening balance sheet and focusing on South Australian projects.

• Ended FY2026 with $12.9 million cash; post-year-end raised $17.1 million through placement and share purchase plan.

Financial highlights

• Recorded a net loss of $8.3 million for FY2026, compared to $5.9 million in FY2025, driven by increased employee and corporate expenses and a $3.4 million impairment from asset divestment.

• Revenue mainly from interest income ($892,000) and R&D tax incentive ($445,000).

• Net assets at 30 June 2026 were $69.3 million, down from $77.4 million the prior year.

• Cash and cash equivalents decreased to $12.9 million from $30.2 million year-over-year.

• No dividends declared or paid.

Outlook and guidance

• Focus on expanding and upgrading Samphire resource, completing Feasibility Study by Q2 FY2028, and progressing Mining Lease application.

• Targeting first production from Samphire in 2030 or 2031, subject to study outcomes, approvals, and financing.

• Continued drilling at Big Lake to define uranium mineralisation and redox fronts.

• Ongoing stakeholder engagement and evaluation of additional uranium opportunities.