earnings
Cameco Reports Strong 2025 with $1.9B Adjusted EBITDA Amid Surging Nuclear Demand (CCJ Q4 2025 Earnings Call)
Cameco Corporation concluded 2025 on a high note, demonstrating the power of its disciplined execution strategy in an increasingly tight nuclear fuel market. The company reported a substantial 11% year-over-year increase in annual revenue to $3.5 billion, while adjusted EBITDA surged 26% to $1.9 billion. Most notably, adjusted net earnings skyrocketed by 115% to nearly $630 million compared to 2024. As global support for secure, carbon-free baseload power accelerates, Cameco is selectively layering in long-term contracts and strategically pacing its Tier-1 production to capture maximum value, all while reaping significant early rewards from its strategic investment in Westinghouse.