#United States #Centrus Energy #Bethesda #LEU #HALEU

Centrus Energy Corp. Financial Results for 2025

Centrus Energy Corp. has released its financial outcomes for the year 2025, revealing impressive revenue growth and a pivotal operational trajectory for 2026. The company reported a full-year revenue of $448.7 million, slightly increasing from $442.0 million in 2024. The gross profit also saw a rise to $117.5 million compared to the previous year's $111.5 million. Notably, the net income for Centrus reached $77.8 million, marking a distinct increase from $73.2 million in the prior year.

Key Financial Highlights

In centering on areas pertinent to its growth strategy, Centrus reported significant advancements:

• - Total revenue surged to $448.7 million, driven primarily through its low-enriched uranium (LEU) operations.
• - A notable gross profit increase can be attributed to heightened SWU sales.
• - The company expanded its unrestricted cash balance to $2.0 billion.
• - Centrus enriched over one metric ton of high-assay low-enriched uranium (HALEU) and was chosen by the U.S. Department of Energy for a $900 million HALEU production award, pending negotiations.
• - The National Nuclear Security Administration (NNSA) acknowledged plans for Centrus to potentially sole-source specific uranium enrichment activities.

Centrus' President and CEO, Amir Vexler, emphasized the year as a significant milestone, noting the expansion of both the LEU segment and projected future enrichment activities. The firm also announced positive prospects for its centrifuge manufacturing capabilities aimed at tapping into a larger $2.3 billion backlog of low-enriched uranium sales.

The Importance of a Robust LEU Backlog

Centrus’ operational focus includes fulfilling a substantial LEU backlog amounting to $2.9 billion. This total reflects both fixed contracts and contingent commitments, indicative of market confidence in Centrus’ ability to meet increasing demands for nuclear fuel.

As the legislation mandates the production of HALEU within the next decade, Centrus positions itself to cater to evolving energy needs, especially with national security implications. The ongoing electrification push highlights the urgent requirement for additional uranium enrichment capacity to support the deployment of nuclear power, pivotal for achieving carbon-free energy targets.

Looking Ahead: 2026 Outlook

For the upcoming year, Centrus has established optimistic projections forecasted between $425 million and $475 million in total revenue. The following goals were outlined:

• - 100 new hires at the Oak Ridge facility alongside 50 additional net new hires at the Piketon facility to support business scaling.
• - Launch of significant infrastructural projects relevant to the HALEU production endeavor.
• - Success in finalizing contracts with all crucial partners identified for their industrial expansion plans.

Centrus anticipates achieving 12 metric tons of HALEU production annually post-2030, with a portion expected by the decade's end. This aims to address the increasing needs of advanced reactor markets saturated by the growth in high-computational centers powered by AI technologies.

Expansion of Manufacturing Capacity

Recent decisions for domestic centrifuge manufacturing echo Centrus’ commitment to establishing itself as a leader in the uranium enrichment milieu, particularly within U.S. confines. Plans for a 150,000 square foot facility enhancement at the Piketon site were solidified, promising versatility in operations through training and maintenance spaces.
Additionally, the influx of cash flow from pivotal governmental contracts promises long-term operational stability and capital investment, facilitating Centrus in crafting a sustainable and influential narrative in the industry.

As Centrus navigates through potential uncertainties in the energy sector, the overarching theme remains clear: strategic expansion and continual investment in infrastructure and workforce shall dictate the company’s trajectory in supplying vital clean nuclear energy solutions going forward.

Stay updated by following Centrus on LinkedIn and through their official website, where forthcoming developments will be announced with respect to their industrial growth and operational innovations.