Deep Yellow stock reports higher FY2026 net income

Published on 10/07/2026 at 06:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deep Yellow posted AUD 13.33 million in FY2026 net income on September 15, up from AUD 7.16 million. Analysts show a Buy consensus with a AUD 1.953 target.

Deep Yellow, AU000000DYL4, Illustration mit AI erstellt.

Deep Yellow (ISIN AU000000DYL4) posted AUD 13.33 million in net income for fiscal year 2026, up from AUD 7.16 million a year earlier. The result gives the uranium developer a stronger earnings backdrop as it advances the Tumas project in Namibia. MarketScreener reported the figures for the year ended June 30, 2026, on September 15, 2026.

FY2026 profit rises 86.2 percent

Revenue fell to AUD 7.43 million from AUD 11.59 million, a decline of 35.9 percent, while basic earnings per share from continuing operations increased to AUD 0.0137 from AUD 0.0074. The profit increase therefore came alongside lower revenue, making the composition of earnings important for investors assessing the development story.

The annual figures also underline Deep Yellow's transition from exploration toward project execution. The company specializes in uranium exploration and development in Australia and Namibia, with Tumas as its flagship project.

Tumas moves toward a decision

FNArena reported on October 6, 2026, that bulk earthworks at Tumas were finished, civil and concrete construction was in progress, and water and power agreements were in place. Canaccord Genuity described a December 2026 quarter final investment decision as difficult to achieve, adding a clear timing risk to the project narrative.

The same Canaccord update retained a Speculative Buy rating and an AUD 2.90 price target. It also cited cash of USD 156.9 million and no debt, giving the company financial capacity for near-term activities while Tumas moves through construction.

Consensus target stays above the stock

According to Investing.com, 11 analysts carried a Buy consensus, including 6 Buy ratings, 4 Holds and 1 Sell. The average 12-month target was AUD 1.953, with a high of AUD 2.90 and a low of AUD 1.35; against the ASX price of AUD 1.2, the average target stood 62.8 percent higher.

Nuclear demand lifts the ASX quote

Deep Yellow traded at AUD 1.2 on the ASX on October 7, 2026, up 7.4 percent after news of Google's 20-year nuclear power agreement with Constellation Energy supported Australian uranium stocks. The same market table showed the stock down 6.8 percent over one week and 36.7 percent year to date, highlighting the sharp swings around the longer-term uranium demand thesis.

Short interest added another volatility factor. Market Index reported Deep Yellow short interest of 8.65 percent as of October 1, 2026, while the October 7 uranium rally followed the 890-megawatt nuclear capacity agreement.

Deep Yellow stock trades at AUD 1.2

Deep Yellow was trading at AUD 1.2 on the ASX on October 7, 2026, with a 52-week range of AUD 1.08 to AUD 2.97 recorded on October 2, 2026. The stock's current level remains 59.6 percent below that 52-week high.