Cameco lifts Q4 2025 earnings as Westinghouse swings back positive

Cameco's Q4 2025 earnings report shows a significant increase in net earnings to $199.0 million from $135.0 million in the previous year, despite a modest revenue growth. The positive results were driven by strong performance across its uranium, fuel services, and Westinghouse segments. The company maintains its strategy of disciplined long-term supply. Full-year 2025 net earnings soared to $590.0 million from $172.0 million in 2024. The average realized uranium price increased to $87.00 per pound.