Cameco Posts 26% EBITDA Growth to CAD1.93B, Shares Up 80% YTD
Cameco’s adjusted EBITDA climbed 26% year-over-year to CAD 1.93 billion ($1.41 billion) in 2025, driven by strength in its uranium segment and higher earnings from Westinghouse. The stock has surged over 80% year-to-date after breaking out above its $35–$60 consolidation range, ranking among Q1 performers with a 31% gain.
1. 2025 Financial Results
In 2025, adjusted EBITDA rose 26% year-over-year to CAD 1.93 billion ($1.41 billion), driven by strong performance in the uranium segment and improved earnings contributions from Westinghouse.
2. Stock Performance
Shares have climbed over 80% since the start of the year, with the equity breaking above its long-standing $35–$60 trading range and delivering a 31% gain in Q1.
3. Demand Drivers and Outlook
Robust demand for nuclear energy, growth in AI-powered data centers and geopolitical factors have underpinned uranium pricing, while supportive policy measures may sustain the company’s expansion trajectory.