SASKATOON, Saskatchewan — Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2024, in accordance with International Financial Reporting Standards (IFRS). “Our 2024 full-year financial performance benefitted from strong fourth quarter results delivered by our uranium and Westinghouse segments,” said Tim Gitzel, […]
Cameco reported strong 2024 financial results, with annual net earnings of $172 million and adjusted net earnings of $292 million. Despite a 2023 acquisition affecting net earnings, key metrics improved. The company expects continued growth in 2025 due to market conditions and investments in Westinghouse. They plan to enhance operational efficiency and manage risks through strategic investments and digital technologies. Westinghouse contributed $483 million to adjusted EBITDA, and Cameco received a $49 million distribution in early 2025. The uranium segment performed well, delivering 33.6 million pounds at an average price of $79.70 per pound.
