Cameco (CMB.TO) Reports Q4 Earnings Up, Full-Year Profit Surpasses Guidance

Cameco (CMB.TO) released results showing fourth-quarter revenue up 22% to CDN$1.38 billion, driven by higher uranium prices and strong mine production. Full-year 2025 profit surged 53% to CDN$294 million, exceeding guidance. The company attributed the gains to higher realized prices and improved operational efficiency at its Saskatchewan and Northern Saskatchewan mines. Management expects pricing to remain firm through 2026 amid continued global supply constraints.