PDN -3.06%: Slipped on its FY25 earnings today, although we note it was an overall weak session for the sector with Deep Yellow (DYL) -3.39% Boss Energy (BOE) -5.96%. Compared to recent times a very quiet day following a report from PDN, illustrating it contained no real surprises.
- Revenue of $US177.7mn was in line with expectations.
- Net loss of $US44.6mn v a profit of $US53.6mn YoY.
- No dividend was declared.
The company held cash, or cash equivalents, of $US89mn as at June 30th so remains healthy on the balance sheet. The Langer Heinrich mine full capacity is planned for FY27 while the transition from the stockpiled medium grade ore to the processing of primary mined ore is to continue through F26 which will aid overall yield.
MM remains long and bullish PDN
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