NexGen Energy Ltd. (NXE) Form 6-K — Aug 4, 2026
NexGen Energy reported Q2 2026 net income of C$74.5 million (C$0.11 basic EPS) versus a C$86.7 million loss a year earlier, a C$161.2 million swing driven primarily by a non-cash C$96.5 million mark-to-market gain on its convertible debentures. The six-month net loss narrowed to C$81.5 million from C$137.6 million. The quarter's defining milestone is that the CNSC issued the Licence to Prepare Site and Construct for the 100%-owned Rook I Project on March 5, 2026, all pre-construction licence conditions were resolved by May 22, and licensed construction commenced on June 8, 2026.
Key figures
- Eps
- Q2 2026 basic C$0.11 / diluted -C$0.02; H1 2026 basic -C$0.12
- Revenue
- nil - pre-revenue developer; Q2 2026 finance income of C$6.9M
- Net Income
- Q2 2026: C$74.5M net income; H1 2026: -C$81.5M net loss
- Total Debt
- C$612.4M fair value (US$360M aggregate principal convertible debentures, 9% coupon)
- Total Assets
- C$2,528.3M
- Cash Position
- C$756.2M (Dec 31, 2025: C$802.6M)
- Iso Energy Stake
- 27.8% at June 30, 2026 (Dec 31, 2025: 30.0%); carrying value C$180.7M, fair value C$256.6M
- 2026 Drill Program
- 42,000 m at Patterson Corridor East plus 3,500 m inaugural SW3 program
- Probable Reserves
- 240 M lbs U3O8 contained in 4.6Mt grading 2.37% U3O8
- Fx Forward Notional
- C$82.5M (US$60M) at average rate 1.3851
- Shares Outstanding
- 670506101
- Accumulated Deficit
- C$772.7M
- Strategic Inventory
- 2.7M lbs U3O8 at cost of C$341.2M
- Q2 Net Income Yo YChange
- +C$161.2M vs Q2 2025 loss of C$86.7M
- Short Term Investments
- C$214.1M
- Construction Commenced
- June 8, 2026
- Debenture Credit Spread
- 17.66% (2023) / 17.55% (2024) at June 30, 2026
- Working Capital Surplus
- C$311.9M (incl. debentures)
- Stock Options Outstanding
- 47,428,163 options (7.1% of shares outstanding as of Aug 4, 2026)
- Construction Licence Issued
- March 5, 2026
- Measured Indicated Resources
- 257 M lbs U3O8 in 3.75Mt grading 3.10% U3O8
- Usd Net Financial Liabilities
- US$430.0M (10% CAD/USD move = C$61.0M swing to net income)
- Adjusted Working Capital Surplus
- C$1,265.4M (excl. debentures, incl. strategic inventory)
- Q2 Mark To Market Gain On Debentures
- C$96.5M
- Exploration Costs Transferred To Construction
- C$721.6M (no impairment charge required)
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