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Cameco

CCJ · Energy

Last earnings Oct 30, 2026

Important announcements

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Oct 30, 2026

Key results

Adjusted net incomequarter

$32 million

- 1 - Third Quarter Highlights FINANCIAL HIGHLIGHTS Consolidated performance: Results in the third quarter were comparable to 2024 with a small net loss, adjusted net earnings of $32 million, and adjusted EBITDA of $310 million.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Net incomeytd

$391 million

During the first nine months of the year, net earnings of $391 million, adjusted net earnings of $410 million and adjusted EBITDA of $1.3 billion were significantly higher than in 2024.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Over the first nine months of the year, Westinghouse reported net earnings of $32 million, in comparison to a loss of $227 million in the same period in 2024.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

FINANCIAL HIGHLIGHTS Consolidated performance: Results in the third quarter were comparable to 2024 with a small net loss, adjusted net earnings of $32 million, and adjusted EBITDA of $310 million.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

AI analysis

Q3 2025 · reported Nov 5, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Adjusted net income · Q3 2025
$32M
EX-99 · Nov 5, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Adjusted net income$32 million$321 million—

EX-99 · Nov 5, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$0.24

com Saskatoon All amounts in Canadian dollars unless specified otherwise Saskatchewan Canada Cameco announces third quarter results: financial performance on track for strong finish to the year; nuclear fundamentals strengthened by transformational partnership to deploy Westinghouse reactors in the US; annual dividend declared November 5, 2025 Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2025, in accordance with International Financial Reporting Standards (IFRS).

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

While the development delays at McArthur River and Key Lake that we announced in August have reduced our consolidated production

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

com Saskatoon All amounts in Canadian dollars unless specified otherwise Saskatchewan Canada Cameco announces third quarter results: financial performance on track for strong finish to the year; nuclear fundamentals strengthened by transformational partnership to deploy Westinghouse reactors in the US; annual dividend declared November 5, 2025 Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2025, in accordance with International Financial Reporting Standards (IFRS).

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

As of September 30, 2025, we had $779 million in cash and cash equivalents, $1.0 billion in total debt and a $1.0 billion undrawn revolving credit facility.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Dividend: With improving financial performance and the receipt of the additional distribution from Westinghouse in October, we are accelerating the increase of our dividend to $0.24 per common share, with our annual dividend to be paid on December 16, 2025.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

See Dividend in our third quarter MD&A for more information.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

ADJUSTED FREE CASH FLOW Adjusted free cash flow is defined as adjusted EBITDA less capital expenditures for the period.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Dividend : With improving financial performance and the receipt of the additional distribution from Westinghouse in October, we are accelerating the increase of our dividend to $0.24 per common share, with our annual dividend to be paid on December 16, 2025.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Strategy & priorities

Our year-to-date financial results demonstrate strong performance across our uranium, fuel services, and Westinghouse segments, underscoring the resilience of our strategy in a dynamic market that is being continually reinforced by tremendous positive momentum, said Tim Gitzel, Cameco s chief executive officer.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Driven by disciplined long-term contracting and management of our supply sources, alongside strategic partnerships that can add significant future value, we are positioned at the forefront of the global nuclear resurgence.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

As the global energy landscape evolves, nuclear continues on a path towards robust expansion and meaningful transformation.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

While the development delays at McArthur River and Key Lake that we announced in August have reduced our consolidated production forecast, we expect to meet our delivery commitments just as we always have by balancing all available sources with a focus on value creation, risk management, and sustainability.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

It reaffirms our position as a driving force behind nuclear expansion and leverages our integrated fuel cycle and downstream investments to meet rising demand for carbon-free, reliable baseload power.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Risks & headwinds

That strength is reflected in Cameco s improving performance as we navigate challenges and seize opportunities.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

The uncertainty has delayed a return to the procurement of the uranium required to feed into those services a return that we believe is unavoidable.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

2025 THIRD QUARTER REPORT 7 On September 8, 2025, US President Donald Trump issued an executive order exempting uranium, along with other critical minerals, from his administration s country-based global tariffs.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Long-term uranium contracting remains moderate, due to global macro-economic uncertainty, and customers focus on downstream services driven by continuing geopolitical tensions, though requests for proposals from utilities are increasing.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

In times of geopolitical uncertainty, a secure source of nuclear fuel is more important than ever as it also supports national security objectives.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

In preparing these condensed consolidated interim financial statements, the significant judgments made by management in applying the Company s accounting policies and key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended December 31, 2024.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

What changed vs prior quarter

Adjusted net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cameco — Earnings release (6-K exhibit)EX-99Nov 5, 2025

Documents

Earnings deck slides

0 decks with slide view

Cameco — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyYPF (YPF) EnergyCenovus Energy (CVE) EnergySuncor Energy (SU) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyVista Energy, S.A.B. De C.V. (VIST) EnergyImperial Oil (IMO) Energy

Filings

87 documents

Earnings releases

38 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Cameco are held in this edition of the library.

Mentioned by

7 companies

Other tracked companies whose held documents mention Cameco by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.