Uranium Royalty (URC) Q1 2026 earnings summary

Executive summary

• Achieved net income of $1.5 million for Q1 FY2026, reversing a net loss of $2.2 million in the prior year period, driven by uranium sales and royalty revenue.

• Gross profit of $5.3 million generated from uranium sales and royalty revenue, compared to no such revenue in the prior year period.

• Working capital stood at $238 million as of July 31, 2025.

Financial highlights

• Revenue for the quarter was $33.2 million, primarily from uranium inventory sales.

• Gross profit reached $5.3 million, with cost of uranium inventory sold at $27.9 million.

• Net income per share was $0.01 (basic and diluted), compared to a loss of $0.02 per share in the prior year.

• Cash flow from operating activities was $31.2 million, mainly from uranium sales.

• Cash decreased to $9.0 million from $12.9 million at April 30, 2025, due to royalty acquisition and increased short-term investments.

• Short-term investments increased to $40.1 million from $7.1 million sequentially.

• Inventories decreased to $189.8 million from $217.5 million, reflecting uranium sales.

Outlook and guidance

• Sufficient cash and liquid assets to meet obligations and fund acquisitions over the next 12 months.

• Committed to purchase 100,000 pounds U3O8 for $6.8 million in January 2026.

• Intends to use future ATM Program proceeds for additional royalties, streams, physical uranium, and working capital.