Strong Financial Performance
Cameco's financial performance across the uranium, fuel services, and Westinghouse segments was strong, improving overall 2025 expectations. Westinghouse's adjusted EBITDA is expected to be between USD 525 million and USD 580 million, driven by a USD 170 million increase in second-quarter revenue.
Global Nuclear Expansion
Significant interest in nuclear energy, with new projects approved in Poland, Czech Republic, and North America. The World Bank lifted its ban on nuclear financing, supporting global energy security and clean energy solutions.
Westinghouse Opportunities
Increased interest in Westinghouse's AP1000 reactor technology. Participation in construction projects like the Dukovany power plant in the Czech Republic points to significant growth opportunities.
Uranium and Fuel Services Production
Annual production outlook remains on track for uranium operations (18 million pounds each from McArthur River/Key Lake and Cigar Lake) and fuel services (13-14 million kgU).
Strong Balance Sheet
Cameco maintains a strong financial position with $716 million in cash and cash equivalents, $1 billion in total debt, and a $1 billion undrawn revolving credit facility.