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Mar 31, 2025
Centrus Q1 2025 Earnings Report
Reported first quarter 2025 results with net income of $27.2 million on $73.1 million in revenue
Key Takeaways
Centrus Energy Corp. reported a strong first quarter in 2025, achieving significant net income and revenue growth compared to the prior year. The company also retired its higher-interest rate debt, resulting in a gain.
Net income for Q1 2025 was $27.2 million, a significant improvement from a net loss of $6.1 million in Q1 2024.
Total revenue for Q1 2025 was $73.1 million, an increase of 67% compared to $43.7 million in Q1 2024.
The company retired its 8.25% Notes, resulting in a gain of $11.8 million in Q1 2025.
Cash and cash equivalents stood at $653.0 million as of March 31, 2025.
Revenue by Segment
Forward Guidance
Centrus is well positioned to execute on expansion plans pending federal funding decisions and is confident in its investment case for the $3.4 billion in funding provided by Congress to support domestic nuclear fuel production.
Positive Outlook
- Continuing to produce HALEU under the HALEU Operation Contract with the DOE.
- Achieved cumulative deliveries to the DOE of approximately 670 kilograms of HALEU UF6 as of March 31, 2025.
- Selected as an awardee for HALEU deconversion contract with a maximum aggregate value of $0.8 billion for all awardees.
- Selected as an awardee for HALEU production contract with a maximum aggregate value of $2.7 billion for all awardees.
- Selected as an awardee for LEU production contract with a maximum value of $3.4 billion over a ten-year period for all awardees.
Challenges Ahead
- Executive Order 14154 directs a pause in the distribution of IRA funding for further review, creating uncertainty regarding the timing and outcome of such review.
- The ultimate dollar amount under each new DOE contract depends on the scope of future task orders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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