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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 A$6.9 million, around £3.7 million, narrowed from A$11.5 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 A$4.2 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 A$1.0 million from A$5.8 million a year prior, on top of not recording impairments in contrast to A$2.6 million in the first half of financial 2025. Administrative expenses grew by 40% million to A$3.3 million compared to A$2.4 million, while expenses for employee benefits more than tripled to A$2.4 million compared to A$721,729. Aura shares were down 2.4% to 6.35 pence each on Friday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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