Key highlights

  • Boss Energy Ltd (ASX:BOE) closed at $1.285 on 20 October 2026, down 3.38%, against a 1.31% fall for the S&P/ASX 200 Energy index.
  • The shares are down approximately 24.85% over the past year.
  • Boss reported FY2026 sales revenue of $151.1 million and a $2.5 million net profit on 27 August 2026.

Shares in Boss Energy Ltd (ASX:BOE) closed at $1.285 on 20 October 2026, fell 3.38% on the day, a larger fall than the sector index. The S&P/ASX 200 Energy index (XEJ) closed 1.31% lower at 11,165.60, a fall of 148.40 points, while the broader S&P/ASX 200 (XJO) slipped 0.33% to 8,816.90.

Over the past 12 months the stock lost approximately 24.85%.

Working back from the closing price, a 12-month change of approximately -24.85% implies a share price of about $1.71 a year earlier. On the day, the closing price compares with a previous close of about $1.33, a move of -3.38%, set against a 1.31% fall for the sector index and a 0.33% fall for the broader market.

About Boss Energy

Boss Energy Limited is an Australian uranium producer listed on the ASX. Its main operation is the Honeymoon in-situ recovery uranium mine in South Australia, which it operates and has been transitioning to a wide-spaced wellfield design.

Latest development

The share price figures above are reported separately from the company’s annual results. On 27 August 2026 Boss released its FY2026 results and FY2027 guidance. Sales revenue doubled to $151.1 million from $75.6 million, at an average realised price of $111 per pound (US$74.4), including a $15.5 million uranium loan repayment. Boss recorded a net profit after tax of $2.5 million, compared with a net loss of $34.2 million in FY2025.

Cash rose by $13.1 million and uranium inventory by 172,000 pounds during a capital-intensive year. Cash and liquid assets were $207.3 million at book value, or $171.9 million net of working capital, with no debt. FY2026 C1 cost was $39 per pound (US$26), all-in sustaining cost $61 per pound (US$41) and Honeymoon capital expenditure $66.6 million, all within revised guidance. Boss said it remains strategically under-contracted and so retains leverage to a stronger uranium price.

For FY2027 the company guided to production of 1.25 to 1.30 million pounds of U3O8, C1 cash cost of $51–56 per pound (US$35–39) and AISC of $83–92 per pound (US$58–64). It said the production and cost profile reflects mine-development uncertainty since July 2025 and a decision to limit investment in older wellfields where expected returns did not support more capital, while the transition to the wide-spaced wellfield design, which began in January 2026, continues.

Sector context

Uranium producers have reported higher realised prices, but operating consistency has been a theme. Boss described mine-development uncertainty and a redesign of its wellfields, and said it remains strategically under-contracted, which gives it leverage to price rises and exposure to falls.

In-situ recovery mines depend on wellfield design and performance, so changes to pattern spacing and decisions about legacy wellfields can shift near-term production and costs. Developers elsewhere in the sector are more exposed to financing conditions than to production performance.

Risks

Boss’s FY2027 unit costs are guided well above FY2026 levels, and the production profile reflects the transition to the wide-spaced wellfield design. Mine-development uncertainty has already affected output.

Being under-contracted gives Boss exposure to spot and short-term prices in both directions. Net profit in FY2026 was small at $2.5 million, so earnings are sensitive to cost and price movements.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of -3.38% on 20 October 2026 compares with a 1.31% fall for the sector index, and its 12-month change of approximately -24.85% shows how far the share price can move over a year.

Catalysts to watch

Items to watch include production and cost delivery against FY2027 guidance, the performance of wide-spaced wellfields, progress on contracting and the company’s quarterly reports.