Aurora Energy Metals (1AE) H2 2026 earnings summary

Executive summary

• Completed sale of the Aurora Uranium Project to Eagle Nuclear Energy Corp. in February 2026, receiving 1,710,991 Eagle shares valued at US$17.1 million and generating a profit of $21.8 million for the year.

• Retains exposure to project upside via up to US$10 million in milestone-based consideration and a 1% net smelter royalty on future production.

• Shifted focus to Western Australian exploration portfolio, acquiring Metalbelt Holdings and expanding tenement applications.

• Ended the year with $1.1 million in cash, $23.8 million in listed investments, and no debt.

Financial highlights

• Net profit attributable to equity holders: $21,814,011 for FY2026, up from $21,895 in FY2025, driven by the gain on disposal of the Aurora Uranium Project.

• Basic earnings per share: 12.18 cents (FY2025: 0.01 cents).

• Cash and cash equivalents at year-end: $1,092,236; listed investments (Eagle shares): $23,862,744.

• No dividends declared or paid.

Outlook and guidance

• Strategy is to support Eagle in advancing the Aurora Uranium Project to achieve milestones, progress systematic exploration in Western Australia, and assess new opportunities.

• Holds significant liquidity and flexibility to pursue value-accretive opportunities across multiple commodities.