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Cameco's EBITDA Gains 26% in 2025: Is More Expansion Ahead?

CCJ
Corporate EarningsCompany FundamentalsCommodities & Raw MaterialsEnergy Markets & Prices

Cameco reported a 26% year-over-year increase in adjusted EBITDA to CAD 1.93 billion ($1.41 billion) in 2025. The improvement was driven mainly by the uranium segment and higher earnings from Westinghouse. The result is a solid fundamental update for the uranium-focused company, though the article does not provide guidance or an earnings surprise versus consensus.

Analysis

Cameco reported a 26% year-over-year increase in adjusted EBITDA to CAD 1.93 billion ($1.41 billion) in 2025. The improvement was driven mainly by the uranium segment and higher earnings from Westinghouse. The result is a solid fundamental update for the uranium-focused company, though the article does not provide guidance or an earnings surprise versus consensus.

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