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Boss Energy
(Sydney:BOE)
Boss Energy (BOE) vs. iShares MSCI Australia ETF (EWA)
Boss Energy Business Overview & Revenue Model
Boss Energy Earnings Call Summary
Boss Energy Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 38.69M | -386.00K | -78.00K | -40.87K | -68.08K |
| EBITDA | -11.03M | -14.20M | 12.55M | 31.14M | -3.76M |
| Net Income | -34.17M | 44.59M | 12.55M | 31.19M | 864.75K |
Balance Sheet | |||||
| Total Assets | 528.22M | 571.91M | 267.74M | 248.18M | 94.93M |
| Cash, Cash Equivalents and Short-Term Investments | 47.75M | 67.28M | 89.05M | 132.74M | 20.89M |
| Total Debt | 490.00K | 648.00K | 95.00K | 141.38K | 0.00 |
| Total Liabilities | 44.54M | 61.61M | 16.98M | 11.61M | 9.47M |
| Stockholders Equity | 483.68M | 510.30M | 250.76M | 236.57M | 85.46M |
Cash Flow | |||||
| Free Cash Flow | 10.90M | -102.08M | -43.49M | -7.37M | -4.82M |
| Operating Cash Flow | 17.38M | -11.67M | -3.54M | -4.35M | -3.24M |
| Investing Cash Flow | -48.29M | -223.44M | -40.64M | -2.75M | -51.33M |
| Financing Cash Flow | -158.00K | 211.64M | -42.00K | 118.86M | 71.61M |
Boss Energy Technical Analysis
Boss Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$433.87M | 3.05 | 145.87% | ― | 45.56% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | AU$678.73M | -20.70 | -6.67% | ― | ― | -164.37% | |
61 Neutral | AU$628.51M | 8.36 | 15.33% | ― | 6.70% | ― | |
51 Neutral | AU$204.10M | -21.90 | -8.25% | ― | ― | -55.56% | |
49 Neutral | AU$593.86M | -39.26 | -179.67% | ― | -100.00% | -6.00% | |
48 Neutral | AU$595.26M | -28.63 | -7.50% | ― | ― | 51.47% |
Boss Energy Corporate Events
Boss Energy reported a strong operational performance for the half-year to 31 December 2025, with revenue up 71% to $81.8 million as uranium production jumped to 842,000 lbs and sales rose to 750,000 lbs. The company delivered positive operating cash flow of $36.2 million, ended the period with $208 million in cash and liquid assets, and cut C1 cost guidance following successful reagent optimisation.
Despite these gains, Boss posted a net loss after tax of $7.9 million, largely due to the accounting impact of selling higher-cost purchased and early production inventory. Management emphasised that lower recent production costs are reducing the average inventory cost, while ongoing investment in NIMCIX columns and new wellfields underpins future output as the company advances a new feasibility study for a revised wellfield design at Honeymoon.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy reported a strong rise in revenue for the half-year ended 31 December 2025, with ordinary activities revenue up 71% to $81.8 million compared with the prior corresponding period. Despite the top-line growth, the company remained loss-making, though its net loss attributable to members narrowed by 17% to $7.9 million, and no dividends were declared for the period.
Net tangible assets per security declined to $1.14 from $1.23 a year earlier, indicating some balance sheet dilution or asset revaluation effects over the year. The company’s 30% interest in U.S.-based JV Alta Mesa LLC remained unchanged, underscoring continuity in its core uranium investment while it works to improve profitability and strengthen its financial position for stakeholders.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Limited, an Australian-listed uranium producer with a growing portfolio of global multi-mine operations, is focused on supplying uranium to the international nuclear energy sector. Its strategy aims to capitalise on rising demand for nuclear fuel as countries seek reliable, low-carbon power sources.
The company announced that Chief Financial Officer Justin Laird will present at the 2026 Bell Potter Unearthed Natural Resources Conference on 11 February, outlining Boss Energy’s position and prospects to the investment community. Participation in this sector-focused forum underscores the company’s efforts to raise its profile among institutional investors and highlight its role in the uranium market’s evolving supply landscape.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.60 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Limited has disclosed a change in director Joanne Palmer’s holdings, with the acquisition of 5,700 fully paid ordinary shares via on-market trades at $1.76 per share, split equally between her direct ownership and a related superannuation fund. The transactions, which occurred outside a closed trading period and required no special clearance, modestly increase insider ownership and may be viewed by investors as a sign of director confidence in the company’s prospects.
The most recent analyst rating on (AU:BOE) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
UBS Group AG and its related bodies corporate have lodged a notice that they have ceased to be a substantial shareholder in Boss Energy Ltd as of 29 January 2026, indicating their ownership has fallen below the substantial holding threshold. This change in UBS’s position alters the company’s institutional shareholder profile and may signal a shift in capital allocation or investment strategy by a major global financial institution, potentially affecting perceptions of liquidity and investor mix in Boss Energy’s register.
The most recent analyst rating on (AU:BOE) stock is a Sell with a A$1.40 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy reported a strong December quarter, highlighted by record drummed production of 456,000 pounds at its Honeymoon operation, an 18% increase, and in-situ recovery production of 406,000 pounds, keeping the company on track to meet its FY26 guidance of 1.6 million pounds. While Alta Mesa’s drummed production fell 31% to 143,000 pounds, ongoing work on NIMCIX columns and the commencement of flushing at Wellfield B5, which is expected to enter production in the third quarter of FY26, underpin future output. Financial performance improved with an average realised uranium price of $112.2 per pound driving quarterly sales of $39.3 million, while C1 cash costs fell to $30 per pound and AISC to $49 per pound, prompting downward revisions to cost guidance and underscoring a solid margin profile supported by $208 million in cash and liquid assets. The company is also advancing growth initiatives, including accelerating permitting at Brooks Dam North, Jason’s and Gould’s Dam, and launching a new feasibility study following a completed review of Honeymoon, with the timely delivery of this study designated as a key strategic priority.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Limited reported a strong operating cash performance for the quarter ended 31 December 2025, generating A$21.4 million in net cash from operating activities on customer receipts of A$44.4 million, driven by ongoing production despite outlays on exploration, staffing and corporate overheads. After mine development spending and other investing outflows, net cash used in investing activities totalled A$15.2 million, with minimal financing cash flows, resulting in an overall increase in unrestricted cash to A$53.9 million by quarter-end, underscoring the company’s improving liquidity as it continues to invest in its mining operations.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy reported a strong December quarter, with record drummed uranium production of 455,791 pounds from its Honeymoon project, up 18% quarter-on-quarter, and ion-exchange production rising 8% on the back of higher flows from new wellfields. The company cut its cost guidance after achieving a C1 cash cost of $30/lb at Honeymoon, revising C1 guidance down to $36–40/lb and AISC to $60–64/lb, while reaffirming full-year FY26 production guidance of 1.6 million pounds. Although Alta Mesa’s total project output fell, Boss’s attributable share of drummed production increased, and the group ended the quarter with A$208 million in cash and liquid assets and 1.62 million pounds of uranium inventory, supporting its strategy to stay under-contracted at an average realised price of US$74/lb. A completed operational review at Honeymoon has led to a new feasibility study focused on a wide-spaced wellfield design that aims to further reduce operating costs, improve production profiles and extend mine life, underscoring Boss Energy’s efforts to consolidate its competitive position as uranium market conditions tighten.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
UBS Group AG and its related bodies corporate have ceased to be a substantial shareholder in Boss Energy Ltd as of 19 January 2026, according to a substantial holder notice lodged with the company. The change reflects a reduction in UBS’s relevant interest in Boss Energy’s voting securities below the substantial holding threshold, indicating a shift in the company’s institutional shareholder base that may alter its investor profile and the composition of major stakeholders.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has announced that Non-Executive Chair Wyatt Buck will step down from the chair role after three years, having overseen the development, commissioning and early operations of the Honeymoon uranium project. Buck, who joined the board in 2020, will remain as a Non-Executive Director after a new chair is appointed, a move aimed at ensuring continuity and preserving his operational and technical uranium expertise as the company advances its flagship project. The board has begun recruiting a new Non-Executive Chair and expects to finalise the appointment in the first half of 2026, signaling an orderly governance transition following the recent appointment of Managing Director and CEO Matthew Dusci.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy will release its quarterly results for the period ended 31 December 2025 on 28 January 2026 and will host a conference call the same day, led by Managing Director and CEO Matthew Dusci and CFO Justin Laird, to brief investors and stakeholders on the company’s performance. The scheduled results release and live audio stream underline the company’s ongoing engagement with shareholders and the broader market, offering insight into operational and financial progress at a time when transparency and regular communication are closely watched by investors in the energy sector.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has overhauled and updated its suite of corporate governance policies as part of its continuous improvement program, with a particular focus on revising its Securities Dealing Policy. The company has also refreshed key governance documents including its Continuous Disclosure Policy, Code of Conduct and Whistleblower Policy, making them available on its website; these changes signal a strengthening of compliance, transparency and ethical standards, which is likely to be viewed positively by regulators, investors and other stakeholders as the company continues to operate as a listed entity in a tightly scrutinised sector.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
The Bank of New York Mellon Corporation and its related entities have ceased to be substantial shareholders in Boss Energy Ltd as of 6 January 2026, according to a notice filed under Australian Corporations Act disclosure requirements. The change in substantial holding alters Boss Energy’s institutional shareholder base and may marginally affect the company’s free float and governance dynamics, though no operational or strategic changes for the uranium producer are indicated in the filing.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
UBS Group AG and its related bodies corporate have notified Boss Energy Ltd that they have ceased to be a substantial shareholder in the company as of 30 December 2025, according to a substantial holder notice lodged in early January 2026. The exit of UBS from a substantial holding position may alter Boss Energy’s share register dynamics and could influence market perceptions of institutional support and liquidity in the stock, though no further details on the underlying transactions or any change in company operations were provided.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has disclosed a change in the holdings of director Matthew Dusci, who acquired a total of 36,900 fully paid ordinary shares through on-market trades on 23 and 29 December 2025 at prices of $1.31 and $1.37 per share, respectively. Following these transactions, Dusci holds 36,900 shares and 152,381 performance rights, with the notice confirming that the trades did not occur during a closed period, signalling routine portfolio adjustments rather than a compliance event for the company or its stakeholders.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.15 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Ltd has disclosed that Van Eck Associates Corporation and its related entities have ceased to be substantial shareholders in the company as of 18 December 2025, according to a statutory notice filed under the Corporations Act. The change follows a series of in-kind and sale transactions involving Boss Energy shares over recent months, culminating in a reduction of Van Eck’s holding below the substantial shareholding threshold. The exit of a major institutional investor may alter the composition of Boss Energy’s shareholder base and potentially affect trading liquidity and market perception, though the notice does not disclose any change in the company’s underlying operations or strategic direction.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has issued 202,365 fully paid ordinary shares following the conversion of performance rights granted under its Employee Securities Incentive Plans, effectively rewarding staff and aligning their interests with shareholders. The company has confirmed that these shares were issued without a prospectus but remain freely tradeable under the Corporations Act exemption, while affirming it is up to date with its financial reporting and continuous disclosure obligations, signalling ongoing regulatory compliance and transparency for investors.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Ltd has applied to the ASX for the quotation of 202,365 additional ordinary fully paid shares, issued on 18 December 2025 following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted capital reflects ongoing equity issuance under existing incentive or financing arrangements, slightly expanding Boss Energy’s tradable share base and providing additional liquidity for shareholders without signalling any major change in the company’s strategic direction.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has disclosed a change in director Jan Honeyman’s interests, confirming the expiry of 200,000 unquoted options that were exercisable at $2.88 on or before 16 December 2025, leaving her holding unchanged at 44,367 fully paid ordinary shares. The options lapsed in accordance with their original terms, involve no consideration, and do not affect her shareholding or any contractual interests, signalling an administrative adjustment to the company’s equity incentives rather than a strategic shift in ownership or governance.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has reported the cessation of certain securities from its issued capital, including the lapse of 67,880 performance rights after the specified conditions were not satisfied and the expiry of 200,000 options with an exercise price of $2.88 that were not exercised by their December 16, 2025 deadline. The adjustments, disclosed in an Appendix 3H filing, reflect routine capital management activity and result in a modest reduction of potential future equity dilution for existing shareholders, without indicating any immediate operational changes for the company.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Limited announced updates regarding its Honeymoon project, including withdrawal of the 2021 Enhanced Feasibility Study due to altered assumptions linked to mineralisation and wellfield design challenges. The company has initiated a new feasibility study to explore wide-spaced wellfield design, which could improve cost efficiency and resource recoverability. Boss is also advancing work on satellite deposits Gould’s Dam and Jason’s Deposit, ensuring strong organic growth opportunities. With a robust financial position and FY26 production on track, these developments highlight Boss Energy’s commitment to operational resilience and industry leadership.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.10 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has withdrawn the Enhanced Feasibility Study (EFS) for its Honeymoon project after a comprehensive review highlighted significant deviations in key assumptions regarding mine life, annual production, and cost structures. The company announced plans to initiate a series of studies, including a Scoping Study and a new Feasibility Study, alongside delineation drilling and resource updates, to address the project’s evolving dynamics and ensure operations align with lower-grade resource sensitivities. This development signals strategic recalibration aimed at optimizing project viability while maintaining its competitiveness in uranium production.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.10 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy has concluded a review of its Honeymoon Project, leading to the withdrawal of its 2021 Enhanced Feasibility Study (EFS) due to significant deviations in resource and operational assumptions impacting production and costs. The company has initiated a New Feasibility Study and work programs to evaluate an alternative wellfield design that could enhance recoverability, lower operating costs, and optimize production, potentially improving its strategic footprint in the uranium industry.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.10 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.
Boss Energy Ltd has requested a trading halt on its securities pending the release of an announcement concerning the Honeymoon Review. This halt is expected to remain in place until the announcement is made, which is anticipated to occur on December 18, 2025. The outcome of this review could significantly impact the company’s operations and market positioning, as it pertains to their core uranium project.
The most recent analyst rating on (AU:BOE) stock is a Hold with a A$2.10 price target. To see the full list of analyst forecasts on Boss Energy stock, see the AU:BOE Stock Forecast page.