enCore Energy Q2 FY26 net loss widens to $44.61 million; revenue more than quadruples to $15.7 million
EU•Q2 FY26 financial results
- enCore Energy posted a net loss before income taxes of $44.61 million, widening from $8.84 million a year earlier.
- Revenue rose to $15.7 million, up 328%, as uranium volumes sold climbed to 215,000 pounds on a 20% higher realized price.
- Cost of sales increased to $18.27 million, up 621%, with weighted average costs applicable to revenue rising to $84.99 per pound.
- Operating costs climbed to $26.92 million, up 32%, on higher stock compensation expense and increased drilling at Alta Mesa and Upper Spring Creek.
- Unrealized losses on marketable securities swung to a $15.87 million loss from a $2.81 million gain.
