Cameco Q2 FY26 net earnings drop 92% to $25 million; revenue falls 7% to $814 million - CCJ News | RalliesCameco Q2 FY26 net earnings drop 92% to $25 million; revenue falls 7% to $814 million
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CCJ• Q2 and first-half results decline
- Cameco posted Q2 net earnings attributable to equity holders of $25 million, down 92% year over year; revenue fell 7% to $814 million.
- Adjusted EBITDA (non-IFRS) dropped 42% to $391 million; adjusted net earnings (non-IFRS) slid 75% to $77 million.
- First-half net earnings attributable to equity holders sank 60% to $156 million; adjusted EBITDA (non-IFRS) declined 13% to $899 million.
- Results were lower mainly due to reduced equity earnings from Westinghouse, which posted a Q2 net loss of $10 million versus earnings a year earlier.
- Production outlook stayed unchanged, with 2026 uranium output still seen at 19.5 million-21.5 million pounds (our share) of U3O8.
