โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ (๐๐๐)
โข Revenue: C$619M (+1% YoY)
โข GAAP EPS: C$0.10 vs. C$0.00 YoY
โข Adjusted EPS: ~C$0.00 vs. C$0.07 YoY
โข Net Income: C$43M
โข Adjusted Net Loss: C$2M vs. C$32M profit YoY
โข Adjusted EBITDA: C$267M (-14% YoY)
โข Gross Profit: C$122M (-28% YoY)
โข Operating Cash Flow: C$3M (-98% YoY)
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐๐๐, ๐๐๐ซ๐ซ๐จ๐ฐ๐๐)
โข Uranium Production (Cameco Share): 19.5Mโ20.5M lbs (prior 19.5Mโ21.5M)
โข Uranium Deliveries: 29.5Mโ30.5M lbs (prior 29Mโ32M)
โข Fuel Services Production: 13Mโ14M kgU, unchanged
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Uranium production -20% to 3.5M lbs; deliveries -8% to 5.6M lbs
โข Average realized uranium price +6% to US$65.78/lb
โข Uranium adjusted EBITDA -19% to C$179M
โข Westinghouse adjusted EBITDA (Cameco share) +15% to C$143M, but YTD -25%
โข Planned extended Key Lake maintenance reduced production and increased unit costs
โข Uranium production cash costs +62% YoY to C$40.73/lb
โข Contract portfolio covers average annual deliveries exceeding 28M lbs over the next five years
โข Westinghouse involved in potential U.S. nuclear expansion framework of up to eight reactors, subject to agreements
โข Cash: C$860M; Debt: C$1.0B; Undrawn Credit Facility: C$1.0B
โข Annual dividend: C$0.24/share, payable December 15
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe will not advance production, commit capital or pursue growth simply in response to headlines, short-term price movements or market enthusiasm surrounding any single theme.โ โ CEO Tim Gitzel