Cameco Corporation has reported strong financial results for the second quarter and the first six months of 2025. The company achieved net earnings of $321 million and adjusted net earnings of $308 million for the second quarter, significantly higher compared to the same period in 2024. Adjusted EBITDA for the quarter reached $673 million. For the first half of 2025, net earnings were $391 million, with adjusted net earnings at $378 million and adjusted EBITDA reaching $1.0 billion, marking considerable growth from the first six months of 2024. This robust performance is attributed to increased equity earnings from Cameco's investment in Westinghouse and strong results in its uranium and fuel services segments. In the uranium segment, earnings before income taxes and adjusted EBITDA rose by 46% and 43% respectively in the second quarter compared to 2024, driven by higher sales volumes and improved average realized prices. For the first half of the year, these metrics increased by 14% and 17% respectively. The segment also saw an increase in total cost of sales due to higher sales volumes and unit costs, alongside expenses from the annual maintenance shutdown at the Key Lake mill. Cameco, alongside Westinghouse, continues to position itself to power a safe and secure energy future, leveraging its strong performance and strategic investments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.