Centrus Energy Corp

prior to 1993, a wholly-owned government corporation prior to its privatization in July 1998 Other Terms and Abbreviations 0% Convertible Notes 0% Convertible Senior Notes, maturing August 2032 unless repurchased, redeemed or converted 2.25% Convertible Notes 2.25% Convertible Senior Notes, maturing November 2030 unless repurchased, redeemed or converted 2002 DOE-USEC Agreement June 17, 2002 agreement between Centrus (then known as USEC Inc.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

The Company may borrow SWU or uranium from customers, suppliers or fabricators, in which case the Company will record the SWU and/or uranium and the related liability for the borrowing using the projected and forecasted purchase price over the borrowing period.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

Additional terms and conditions of the 2.25% Convertible Notes and 0% Convertible Notes are described in Note 8, Debt, of the Consolidated Financial Statements in the Company s Annual Report on Form 10-K for the year ended December 31, 2025.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

The Company recorded a gain of $ 11.8 million related to the extinguishment of the long-term debt.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

government agency securities, corporate and municipal debt whose estimates are valued based on observable inputs, other than quoted prices.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

(b) As of June 30, 2026 and December 31, 2025, the carrying value of the 2.25% Convertible Notes is net of $ 10.2 million and $ 11.3 million of unamortized debt issuance costs, respectively.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026

Department of Energy Grew contingent Low-Enriched Uranium (LEU) and HALEU enrichment backlog to $3.0 billion Selected Geiger Brothers as construction contractor for major uranium enrichment plant expansion Signed first-of-a-kind, large-scale commercial HALEU supply agreement that potentially includes prepayments Raising full year 2026 hiring guidance in Piketon, Ohio Expecting completion of first new centrifuge in Oak Ridge, Tennessee, by year-end 2026 BETHESDA, Md.

SEC original ↗Centrus Energy Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Operationally we continued on full-execution mode for our centrifuge manufacturing and expansion programs.

SEC original ↗Centrus Energy Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Our strategy includes risk-reducing measures like locking in a majority of the suppliers deemed critical with larger commitments to help insulate the project from potential price fluctuations.

SEC original ↗Centrus Energy Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

This includes the assumption of no significant change in restrictions in our ability to receive and sell Russian LEU or other uranium products, no significant economic disruptions or downturns, the successful implementation of our planned expansion projects, and that current business operations will continue on an ongoing basis.

SEC original ↗Centrus Energy Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

NON-GAAP ADJUSTED OPERATING INCOME, ADJUSTED NET INCOME AND ADJUSTED NET INCOME PER SHARE RECONCILIATION TABLE The Company measures Operating Income, Net Income and Net Income per Share both on a GAAP basis and on an adjusted basis ( Adjusted Operating Income , Adjusted Net Income and Adjusted Net Income per Share ) to exclude short-term, non-capitalizable costs related to the expansion of our operations in Piketon, Ohio and Oak Ridge, Tennessee to scale up uranium enrichment operations ( Growth Costs ) and stock-based compensation.

SEC original ↗Centrus Energy Corp — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Legal Proceedings 63 Item 1A.

SEC original ↗Centrus Energy Corp — 10-Q Quarterly report10-QAug 6, 2026