Cameco Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,482	3,136	2,588	1,868	1,475
Revenue Growth (YoY)	11.04%	21.18%	38.53%	26.65%	-18.06%
Cost of Revenue	2,219	2,072	1,806	1,457	1,283
Gross Profit	970.27	782.58	561.67	233.29	1.93
Selling, General & Admin	311.25	253.15	245.54	172.03	127.57
Depreciation & Amortization Expenses	293.09	280.7	220.32	177.38	190.42
Research & Development	38.47	36.54	21.04	12.18	7.17
Exploration Expenses	27.63	19.42	17.55	10.58	8.02
Other Operating Expenses	-25.22	-36.64	-5.32	23.46	-4.6
Total Operating Expenses	645.23	553.17	499.13	395.62	328.56
Operating Income	618.14	510.11	282.86	15.05	-136.21
Interest Income	239.56	10.38	266.13	131.49	75.09
Interest Expense	-115.18	-147.17	-115.87	-85.73	-76.61
Other Non-Operating Income (Expense)	34.74	-116.61	54.03	23.99	33.88
Total Non-Operating Income (Expense)	159.12	-253.4	204.29	69.74	32.36
Pretax Income	777.26	256.72	487.15	84.8	-103.86
Provision for Income Taxes	187.72	84.87	126.34	-4.47	-1.2
Net Income	589.58	171.85	360.85	89.38	-102.58
Minority Interest in Earnings	-0.04	-0.01	-0.03	-0.12	-0.08
Net Income to Common	589.58	171.85	360.85	89.38	-102.58
Net Income Growth	243.07%	-52.38%	303.71%	-	-
Shares Outstanding (Basic)	435	435	433	405	398
Shares Outstanding (Diluted)	436	436	435	407	398
Shares Change (YoY)	-0.09%	0.14%	6.93%	2.39%	0.46%
EPS (Basic)	1.35	0.40	0.83	0.22	-0.26
EPS (Diluted)	1.35	0.39	0.83	0.22	-0.26
EPS Growth	246.15%	-53.01%	277.27%	-	-
Shares Outstanding	435.46	435.31	434.18	432.52	398.06
Free Cash Flow	1,075	693.65	534.51	161.16	359.5
Free Cash Flow Growth	55.04%	29.78%	231.66%	-55.17%	-
Free Cash Flow Per Share	2.47	1.59	1.23	0.40	0.90
Dividends Per Share	0.240	0.160	0.120	0.120	0.080
Dividend Growth	50.00%	33.33%	-	50.00%	-
Gross Margin	27.87%	24.96%	21.70%	12.49%	0.13%
Operating Margin	17.75%	16.27%	10.93%	0.81%	-9.23%
Profit Margin	16.93%	5.48%	13.94%	4.78%	-6.96%
FCF Margin	30.89%	22.12%	20.66%	8.63%	24.37%
EBITDA	911.24	790.82	503.19	192.43	54.2
EBITDA Margin	26.17%	25.22%	19.44%	10.30%	3.67%
EBIT	618.14	510.11	282.86	15.05	-136.21
EBIT Margin	17.75%	16.27%	10.93%	0.81%	-9.23%
Effective Tax Rate	24.15%	33.06%	25.93%	-5.27%	1.16%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q