Aura Energy trims spending and halves losses in first half

(Alliance News) - Aura Energy Ltd on Friday announced it has almost halved its half-year loss as it avoided impairment charges and trimmed share-based expenses.

For the six months ended on December 31, the Fremantle, Western Australia-based uranium and battery metals developer reported a pretax loss of AUD6.9 million, around GBP3.7 million, narrowed from AUD11.5 million a year prior.

The company, which announced on Thursday that it was deferring its Haggan project in Sweden pending the outcome of a government inquiry into alum shale mining, is also continuing to advance its Tiris uranium project in Mauritania, for which it plans to make a final investment decision in the third quarter of this year.

Given the early stage of the two projects, Aura Energy reported no revenue in the first half, unchanged from a year prior.

It also reported an AUD4.2 million cash reserve as it transitions from an uranium explorer to a producer, trimmed share-based and impairment expenses, but spent more on employee benefits than in the prior year.

Share-based payments were down 82% to AUD1.0 million from AUD5.8 million a year prior, on top of not recording impairments in contrast to AUD2.6 million in the first half of financial 2025.

Administrative expenses grew by 40% million to AUD3.3 million compared to AUD2.4 million, while expenses for employee benefits more than tripled to AUD2.4 million compared to AUD721,729.

Aura shares were down 2.4% to 6.35 pence each on Friday afternoon in London.

By Martin Miraglia, Alliance News reporter

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