Peninsula Energy (PEN) Q4 2025 TU earnings summary

Executive summary

• Advanced Life of Mine model and production forecasts, focusing on risk-managed ramp-up and wellfield development.

• Water commissioning of Central Processing Plant (CPP) progressed; hot commissioning and first dry yellowcake production targeted for September quarter pending regulatory approvals.

• Settlement agreement reached with Samuel EPC to resolve construction contract claims and support timely CPP completion.

• Major regulatory approvals secured for Kendrick Area, enabling uranium recovery operations.

• Leadership transitions completed, with new Non-Executive Chairman and Director appointments.

Financial highlights

• Available cash of US$9.2 million at 30 June 2025, prior to US$10 million July debt facility drawdown.

• Secured up to US$15 million debt financing with US$10 million drawn in July to fund project ramp-up.

• 200,000 lbs uranium delivered via spot market purchase at a cost of US$1.5 million; no other uranium sales in the quarter.

• Inventory of 15,182 lbs dry yellowcake held at quarter end.

• Payments to related parties totaled US$0.2 million for directors' fees and executive agreements.

Outlook and guidance

• Revised production guidance for CY2025–CY2027 to be published as commissioning and ramp-up schedule clarifies.

• CPP Phase II commissioning and production expected to accelerate uranium extraction in future mine units.

• Equity capital raising planned to further support project development and contract settlements.