Sales by Industry:

• Uranium production: 100% (2026)

TOP 3 Markets:

1. China: 45%
2. Europe: 30%
3. North America: 15%

Paladin Energy Ltd is mainly engaged in uranium production. The revenues come entirely from the sale of uranium used in the nuclear energy industry. Paladin Energy's main markets are China, Europe, and North America, with China accounting for the largest share of revenue. This reflects the increasing demand for nuclear energy in these regions, especially in China, which is expanding its nuclear power capacities. Europe and North America follow suit, as nuclear energy is also being utilized as part of their energy transition strategies.

Main production site: Langer Heinrich Mine, Namibia

Paladin Energy Ltd mainly operates the Langer Heinrich Mine in Namibia, which is a significant source of uranium production. The mine is known for its efficient production and has significantly contributed to uranium supply in the past.

In addition, the company has exploration projects in Australia and Canada, but the current focus of production is on the Langer Heinrich Mine. This geographical diversification enables Paladin Energy to benefit from different market conditions and regulatory environments.

Revenue Growth: Estimated 10% annually (2026 forecast)
Uranium Production: Increase by 20% by 2026

Paladin Energy Ltd is pursuing a growth strategy that heavily focuses on the recommissioning and optimization of its uranium mines, particularly the Langer Heinrich Mine in Namibia. This mine is a key component of their strategy as it enables significant production increases.

The company also plans to expand its production capacities through technological improvements and efficiency enhancements. This is intended not only to reduce production costs but also to improve environmental sustainability.

Furthermore, Paladin Energy is relying on strategic partnerships and long-term supply contracts to secure the demand for uranium, especially given the increasing global demand for clean energy and the revival of interest in nuclear energy.

Main raw material: Uran

Paladin Energy Ltd is a company that is mainly engaged in the exploration and production of uranium. The focus is on the extraction and export of uranium, especially from their mines in Namibia and Australia.

Imported materials: Paladin Energy does not import specific raw materials for uranium production, as the main raw material, uranium, is extracted from its own mines.

Countries of raw material production:

• Namibia: The Langer Heinrich Mine is one of the main sources of uranium.
• Australia: Here, Paladin operates the Kayelekera Mine.

The company focuses on optimizing production capacities in these regions and minimizing dependence on external raw material imports. The main activities are in the processing and export of the extracted uranium.

Market Share: Estimated 8% in the uranium sector (2026)

Production Capacity: 8 million pounds U3O8 per year (2026)

Paladin Energy Ltd has established itself as one of the leading players in the uranium sector. The company's competitive advantage lies in its strong production capacity, which enables it to maintain a significant market share. The restart of the Langer Heinrich Mine has significantly increased production capacity and strengthens Paladin's position in the global uranium market.

Another advantage is the strategic location of the mines and relatively low production costs, allowing Paladin to remain profitable even with fluctuating uranium prices. The ability to quickly respond to market changes and adjust production accordingly gives the company an additional competitive edge.

In addition, Paladin benefits from long-term supply contracts with major energy providers, ensuring stable revenues. This, combined with an experienced management team and a clear strategic direction, strengthens Paladin Energy's competitive position compared to other companies in the industry.

Institutional Investor Share: 65% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

Paladin Energy Ltd has traditionally had a high proportion of institutional investors, indicating confidence in the long-term growth prospects in the uranium sector. The estimated 65% share reflects the interest of large investment funds that are convinced of the company's strategic importance and market opportunities.

Regarding insider transactions, there were no significant buys or sells in the last year, indicating a stable assessment of the company's value by management and other insiders. This could suggest that management is confident in the current corporate strategy and market conditions.

Market share of Paladin Energy Ltd: Estimated 5% (2026)

Top competitors and their market shares:

1. Cameco Corporation: 15%
2. Kazatomprom: 14%
3. Orano: 10%
4. Uranium One: 8%
5. NAC Kazatomprom: 7%
6. Paladin Energy Ltd: 5%
7. Energy Fuels Inc.: 4%
8. Denison Mines Corp.: 3%
9. BHP Billiton (Uranium Division): 3%
10. Rio Tinto (Uranium Division): 2%

Moat of Paladin Energy Ltd:

Paladin Energy Ltd has a moderate moat, mainly attributed to its strategically located uranium deposits in Namibia and Malawi. These sites provide access to high-quality uranium reserves that enable cost-effective production. Additionally, the company benefits from long-term supply contracts that offer some stability in volatile market phases.

However, compared to its competitors, Paladin does not have a significant technological or infrastructural advantage. Companies like Cameco and Kazatomprom have larger resources and a more diversified production base, giving them a stronger moat. These companies also benefit from better integration into the global supply chain and greater financial resources to invest in research and development.

Overall, Paladin Energy Ltd has a solid but not outstanding moat compared to its larger and better-diversified competitors.

Revenue Growth: 18% (2025) Production Increase: 20% (2025) Uran Price Forecast: Increase by 10% (2026)

Paladin Energy Ltd recorded a revenue growth of 18% in 2025, attributed to increased uranium production and rising demand for nuclear energy. Production was increased by 20% in the same year, highlighting the company's capacity to respond to market demands.

Forecasts for the uranium price indicate an increase of about 10% in 2026, which is positive for Paladin Energy as higher prices can directly lead to higher revenue. These factors, combined with the global trend towards reducing CO2 emissions and the associated demand for clean energy, strengthen Paladin Energy's position in the market.

In summary, Paladin Energy Ltd can be considered a promising investment due to the positive market developments and internal growth strategies, especially for investors interested in the long-term development of nuclear energy.

Dividend: No payout (2026)

Paladin Energy Ltd has not paid any dividends in recent years. The company is focusing on the development and expansion of its uranium projects, particularly the Langer Heinrich Mine in Namibia.

Paladin Energy's financial strategy is geared towards using capital for the recommissioning and expansion of production, rather than distributing dividends to shareholders. This is typical for companies in the mining industry that are in a growth or reinvestment phase. Analysts expect that the company will not make any dividend payments in the near future as long as the focus is on expansion and project development.