
Cameco reported annual revenue of $3.48B and net earnings attributable to equity holders of $590M for 2025, with adjusted EBITDA increasing to $1.93B, reflecting strong performance across segments.
Bullish
Cameco reported strong 2025 financial results with increased net earnings and adjusted EBITDA, leveraging its strategic position in a strengthening nuclear market and outperforming Westinghouse investment contributions.
Bearish
Cameco faced decreased Q4 uranium earnings due to lower sales volume, while new production is challenged by lead times, inflation, and geopolitical uncertainty, posing risks to market expectations.