Alligator Energy (AGE) H1 2026 earnings summary

Executive summary

• Advanced the Samphire Uranium Project from planning to execution, achieving practical completion of the pilot plant safely, on schedule, and under budget, positioning for field recovery trial operations in early 2026.

• Divested non-core Northern Territory uranium assets for $7.5 million, improving liquidity and focusing on South Australian projects.

• Continued technical and planning work at Big Lake Uranium, with drilling delayed due to weather but rescheduled for early 2026.

• Maintained strong ESG practices, stakeholder engagement, and implemented a corporate restructure to align governance with operational needs.

Financial highlights

• Reported a consolidated net loss of $4,964,381 for the half-year ended 31 December 2025, compared to a $1,471,177 loss in the prior year period.

• Loss increase primarily due to a $3,512,711 impairment charge from discontinued operations (NT asset divestment).

• Cash and cash equivalents at period end were $20,578,255, down from $30,149,797 at the start of the period.

• Net cash outflow from operating and investing activities totaled $9,450,602 for the half-year.

• No dividends were paid or proposed during the period.

Outlook and guidance

• Proceeds from the NT asset divestment expected in the March 2026 quarter will fund accelerated work on South Australian assets, including resource drilling and feasibility activities.

• Field Recovery Trial operations at Samphire set to commence in February 2026, with initial results anticipated in the March 2026 quarter.

• Drilling at Big Lake Uranium planned for March 2026, subject to weather and access.