Deep Yellow (DYL) H1 2026 earnings summary

Executive summary

• Advanced uranium project development in Namibia (Tumas) and Australia (Mulga Rock), with exploration in the Northern Territory and Namibia.

• Leadership transition: John Borshoff stepped down as MD/CEO in October 2025; Greg Field appointed MD/CEO in February 2026.

• No lost time injuries since February 2018; strong safety and environmental record maintained.

Financial highlights

• Consolidated net loss from continuing operations after tax: $7.78 million (vs. $2.47 million loss in prior year period).

• Total expenses: $11.79 million (up from $8.77 million year-over-year).

• Interest and other income: $4.01 million (down from $6.29 million year-over-year).

• Cash and at-call deposits: $187.15 million at period end (down from $217.37 million at June 2025).

• Basic and diluted loss per share: 0.80 cents (vs. 0.26 cents prior year).

Outlook and guidance

• Focus remains on derisking and advancing Tumas Project toward development readiness, pending improved uranium market conditions.

• Mulga Rock Project revised DFS scheduled for completion in Q3 CY2026.

• Continued exploration at Alligator River Project and other assets to increase uranium resources.

• Strong cash position and two advanced projects position the group to capitalize on a strengthening uranium market.