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Centrus Energy (LEU) investor relations material
Centrus Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q3 2025 was $3.9 million on $74.9 million in revenue, reversing a prior year loss, and year-to-date net income reached $60 million, up 208% from the previous year.
Unrestricted cash and equivalents exceeded $1.6 billion after major capital raises, including $805 million in convertible notes and equity offerings.
Secured U.S. government waivers for Russian LEU imports through 2027, reducing supply risk.
Signed agreements with KHNP and POSCO International for potential investment in enrichment capacity and announced large-scale hiring in Ohio.
Completed a major pension risk transfer, reducing future benefit obligations.
Financial highlights
Q3 2025 revenue was $74.9 million, up 30% year-over-year; nine-month revenue was $302.5 million, up 4% year-over-year.
Gross loss of $4.3 million in Q3 2025, compared to gross profit of $8.9 million in Q3 2024; nine-month gross profit rose 66% to $82.5 million.
Q3 2025 net income was $3.9 million; year-to-date net income was $60 million, up from $19.5 million last year.
Company backlog stood at $3.9 billion as of September 30, 2025, with $3 billion in the LEU segment and $0.9 billion in technical solutions.
Cash, cash equivalents, and restricted cash rose to $1.63 billion as of September 30, 2025.
Outlook and guidance
Strong market signals and policy support are driving confidence in expansion plans, with U.S. utilities and technology companies increasing nuclear investments.
Anticipates tight enrichment market in the late 2020s due to legislative restrictions on Russian imports and surging demand from new nuclear projects.
Ongoing readiness initiatives and hiring are positioning the company for rapid industrial build-out once public and private funding is secured.
Major expansion of uranium enrichment capacity in Piketon, Ohio, is planned, contingent on federal funding and market demand.
Ongoing investments in Oak Ridge, Tennessee, with $60 million committed over 18 months.
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