What Did Boss Energy (ASX:BOE) Report for FY26, and What Is the FY27 Guidance?

Sonal Goyal

27 October 2026 12:29 AM AEDT

What Did Boss Energy (ASX:BOE) Report for FY26, and What Is the FY27 Guidance?

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Key Highlights

Boss Energy (ASX:BOE) closed at $1.27, up 5.39%, on 26 October 2026.
FY26 sales Revenue doubled to $151.1 million and net profit after tax was $2.5 million.
FY27 production guidance is 1.25 to 1.30 Mlbs U3O8 with AISC of $83 to 92 per pound.

Boss Energy Ltd (ASX:BOE) closed at $1.27, up 5.39%, in the Trading session on 26 October 2026, while the S&P/ASX 200 closed at 8,809.9, up 0.17%, and the S&P/ASX 200 Energy index gained 0.92%. Boss is a Perth-based uranium producer that operates the Honeymoon in-situ recovery mine in South Australia.

FY26 Results Released on 27 August 2026

Boss reported sales revenue of $151.1 million, up from $75.6 million, at an average realised price of $111 per pound (US$74.4), including a $15.5 million uranium Loan repayment. Net profit after tax was $2.5 million, compared with a $34.2 million loss in FY25. Cash increased by $13.1 million and uranium inventory by 172 klbs. Cash and Liquid assets were $207.3 million at Book Value ($171.9 million net of working capital) with no debt.

C1 cost was $39 per pound (US$26), AISC was $61 per pound (US$41) and Honeymoon Capital Expenditure was $66.6 million, all within revised guidance. The company describes itself as strategically under-contracted.

The FY26 result reflects an increase in total sales and a higher proportion of sales from produced inventory, which the company cites as the driver of the $36.7 million improvement in net profit after tax compared with the prior-year loss.

FY27 Guidance

Production guidance for FY27 is 1.25 to 1.30 Mlbs U3O8, with C1 cash cost of $51 to 56 per pound (US$35 to 39) and AISC of $83 to 92 per pound (US$58 to 64). Boss attributes the short-term profile to mine-development uncertainty since July 2025 and a decision to limit further Investment in legacy wellfields, with the transition to a wide-spaced wellfield design beginning in January 2026.

Boss said it prioritised long-term value and Balance Sheet strength by limiting investment in legacy wellfields where expected returns did not support additional capital. The wide-spaced wellfield design transition began in January 2026, and the company describes the short-term production and cost profile as reflecting mine-development uncertainty since July 2025. A conference call was held at 7am AWST on 27 August 2026.

About Boss Energy

Boss Energy Ltd holds a stake in the Honeymoon uranium project in South Australia, which uses in-situ recovery. A results conference call was held on 27 August at 7am AWST.

Risks and Catalysts on Watch

FY27 unit costs are guided above FY26 levels, and the production outlook reflects the wellfield transition. The company flags that it remains under-contracted, so realised prices will follow market prices on uncontracted volumes.

Wrapping Up

Boss returned to a small profit in FY26 on doubled revenue and gave FY27 production and cost guidance. The shares closed up 5.39% on 26 October.

FAQs

Q: What was Boss's FY26 revenue?

A:$151.1 million, up from $75.6 million.

Q: What is FY27 production guidance?

A:1.25 to 1.30 Mlbs U3O8.

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