Cameco ( (CCJ) ) has released its Q3 earnings. Here is a breakdown of the information Cameco presented to its investors.
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Cameco Corporation, a major player in the uranium and nuclear fuel industry, is renowned for its extensive high-grade reserves and strategic investments in nuclear fuel solutions, including a significant stake in Westinghouse Electric Company. The company is headquartered in Saskatoon, Saskatchewan, Canada, and its shares are traded on the Toronto and New York stock exchanges.
In its latest earnings report for the third quarter of 2025, Cameco highlighted a strong financial performance, maintaining resilience in a dynamic market. The company reported adjusted net earnings of $32 million and adjusted EBITDA of $310 million, despite a small net loss. The announcement of a transformative partnership with Brookfield Asset Management and the US Government to deploy Westinghouse reactors further underscores Cameco’s strategic positioning in the nuclear sector.
Key financial metrics from the report include a robust balance sheet with $779 million in cash and cash equivalents, and a $1.0 billion undrawn revolving credit facility. The uranium segment reported earnings before taxes of $172 million, while the fuel services segment saw earnings before taxes of $17 million. Westinghouse, in which Cameco holds a significant interest, showed improved performance with net earnings of $32 million over the first nine months of 2025.
Cameco’s strategic initiatives, such as the partnership to accelerate Westinghouse reactor deployment, are expected to bolster energy security and create significant growth opportunities. The company has also declared an annual dividend, reflecting its confidence in continued financial strength and market positioning.
Looking ahead, Cameco remains focused on leveraging its strategic partnerships and extensive experience in the nuclear industry to drive long-term value creation and support the global transition to clean energy. The company anticipates meeting its delivery commitments despite production challenges, underscoring its commitment to sustainability and market leadership.