NexGen Energy Posts C$103.8M Net Loss for Nine Months to September 30, 2026

Anjali Anand

10 November 2026 12:56 PM AEDT

NexGen Energy Posts C$103.8M Net Loss for Nine Months to September 30, 2026

Image Source: Krish Capital Pty Ltd

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NexGen Energy Ltd. (ASX:NXG) recorded a net loss of C$103.751 million for the nine months ended September 30, 2026, according to the company's condensed interim consolidated financial statements, compared with a net loss of C$266.847 million for the same period in 2025.

Key Points

Net loss of C$103.751 million for the nine months ended September 30, 2026, versus C$266.847 million for the nine months ended September 30, 2025
Total assets of C$2.531 billion at September 30, 2026, compared with C$2.473 billion at December 31, 2025
Cash of C$567.172 million at September 30, 2026, down from C$802.578 million at December 31, 2025
Mineral property, plant and equipment of C$979.026 million at September 30, 2026, compared with C$7.565 million at December 31, 2025
Basic loss per share of C$0.16 for the nine months ended September 30, 2026, against C$0.47 for the same period in 2025

Financial Position at September 30, 2026

NexGen Energy's condensed interim consolidated statement of financial position showed total assets of C$2.531 billion at September 30, 2026, compared with C$2.473 billion at December 31, 2025. Total liabilities stood at C$597.642 million, down from C$640.825 million at December 31, 2025. Total equity was C$1.934 billion at September 30, 2026, against C$1.832 billion at December 31, 2025. Short-term investments were C$254.398 million, while strategic inventory remained at C$341.150 million. The investment in associate was recorded at C$181.010 million, compared with C$153.845 million at December 31, 2025.

Nine-Month Income Statement to September 30, 2026

Total expenses for the nine months ended September 30, 2026 were C$99.541 million, against C$53.189 million for the nine months ended September 30, 2025. Share-based payments accounted for C$46.516 million of that total, compared with C$18.545 million in the prior corresponding period. Finance income was C$20.229 million for the nine months ended September 30, 2026, against C$10.502 million in 2025. Interest expense on convertible debentures was C$27.182 million for the nine-month period, compared with C$34.443 million in the same period of 2025. Loss before taxes was C$105.569 million for the nine months ended September 30, 2026.

Cash Flow and Capital Expenditure for the Nine Months Ended September 30, 2026

Cash used in operating activities for the nine months ended September 30, 2026 totalled C$50.987 million, compared with C$22.507 million for the nine months ended September 30, 2025. Cash used in investing activities was C$232.968 million, against C$138.329 million in the prior corresponding period. Expenditures on mineral property, plant and equipment were C$159.456 million for the nine months ended September 30, 2026, with no comparable expenditure recorded in the nine months ended September 30, 2025. Proceeds from the exercise of stock options provided C$63.034 million in financing cash flows, compared with C$15.550 million in the prior corresponding period.

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