Cameco Reports Higher Q4 Net Income, Up 12% to C$224M

Cameco Corporation (CMER:TSX, CM): Fourth-quarter net income rose 12% year-over-year to C$224 million, driven by higher uranium prices and reduced processing costs. Revenue reached C$1.12 billion, up from C$990 million in the same period last year. The company attributed the improvement to strong pricing in its Canadian and U.S. operations, with guidance for 2026 net income of C$260–280 million. The results reflect continued momentum in the global uranium market, supporting its strategic cost management and production optimization.