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Jun 30, 2025
Centrus Q2 2025 Earnings Report
Centrus reported its second quarter 2025 financial results, with a net income of $28.9 million on $154.5 million in revenue.
Key Takeaways
Centrus delivered a strong second quarter in 2025, achieving a net income of $28.9 million and total revenue of $154.5 million. The company successfully completed Phase 2 of its HALEU Operation Contract, delivering 900 kilograms of HALEU to the Department of Energy, and secured an extension for Phase 3 of the contract valued at approximately $110.0 million.
Net income for Q2 2025 was $28.9 million, compared to $30.6 million in Q2 2024.
Total revenue for Q2 2025 was $154.5 million, a decrease of 18% from $189.0 million in Q2 2024.
Successfully delivered 900 kilograms of HALEU to the Department of Energy, completing Phase 2 of the HALEU Operation Contract.
The Department of Energy exercised a portion of Phase 3 of the HALEU Operation Contract, valued at approximately $110.0 million through June 30, 2026.
Revenue by Segment
Forward Guidance
Centrus is focused on expanding its domestic enrichment capabilities, particularly for HALEU production, and securing additional contracts to meet future market demand and national priorities.
Positive Outlook
- Successful completion and delivery under Phase 2 of the HALEU Operation Contract validates technology and production capabilities.
- DOE's exercise of Phase 3 option for HALEU Operation Contract provides continued funding and operational stability.
- Strong consensus among nuclear utilities and policymakers for additional U.S. enrichment capacity, positioning Centrus favorably.
- Secured an additional $0.1 billion LEU contingent sales commitment in July 2025, supporting potential future expansion.
- Strengthened balance sheet with approximately $114.0 million in net proceeds from equity offering for general corporate purposes.
Challenges Ahead
- Revenue decreased by 18% compared to the prior year quarter, primarily due to lower LEU segment revenue.
- Gross profit for the Technical Solutions segment decreased due to undefinitized costs for the extended Phase 2 of the HALEU Operation Contract.
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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