The company posted a loss attributable to members of $176.1m, compared to $286.1m in the previous corresponding period.
Paladin said its results were weighed down by impairments of $327.9m, mostly due to a $323.6m write-down on its Queensland exploration assets.
Uranium spot price increased to $39.40/lb at the end of March 2015, an increase of 11% in the quarter. Spot price at end of December 2014 was $35.50/lb.
The company said average realised uranium sales prices declined 8% year-on-year to $34.8/lb.
The company maintained its previous guidance for full-year uranium production of between 5 million pounds and 5.2 million pounds of uranium oxide in fiscal 2015.
Paladin Energy has two uranium mines in Africa, uranium exploration projects in Australia, Africa and Canada.
Since 1998, the company accumulated a portfolio of advanced uranium projects each having production potential.
