NU E Power (NUE) Q2 2026 earnings summary

Executive summary

• Filed unaudited interim condensed consolidated financial statements and MD&A for Q2 2026.

• Remediated continuous disclosure defaults, resulting in the revocation of the management cease trade order.

• Advanced Alberta development portfolio and commenced feasibility work at Darkhan Energy Park.

• Entered first proposed offtake arrangement and restated power capacity disclosure on a net working interest basis.

Financial highlights

• Revenue was $nil for Q2 2026, unchanged from the prior-year period.

• Net loss increased to $1,413,536 from $331,460 year-over-year.

• Operating expenses rose to $1,407,320 from $310,131 year-over-year.

• Cash position was $13,602 as of June 30, 2026; strengthened post-quarter via private placement.

• Working capital deficiency widened to $2,210,208 from $1.19 million sequentially.

Outlook and guidance

• Focus shifting from remediation to development, with new management appointments and project acquisitions.

• Proceeds from private placement to fund project advancement, acquisitions, and working capital.

• Emphasis on converting letters of intent into definitive agreements and serving growing industrial power demand.