Centrus Energy Corp. reported a net income of $28.9 million, or $1.63 per basic common share, for the second quarter ended June 30, 2025. Total revenue for the quarter was $154.5 million, an 18% decrease from $189.0 million in Q2 2024.
The LEU segment revenue decreased by $43.9 million (26%) to $125.7 million, primarily due to lower uranium and SWU sales volumes, though partially offset by a 24% increase in the average price of SWU sold. The Technical Solutions segment revenue increased by $9.4 million (48%) to $28.8 million, driven by the HALEU Operation Contract.
Gross profit for the company increased by $17.4 million (48%) to $53.9 million, with the LEU segment's gross profit rising by $17.7 million (54%). Centrus successfully delivered 900 kilograms of HALEU UF6 to the DOE, completing its Phase 2 target, and is now producing under Phase 3. Additionally, the company raised approximately $114.0 million in net proceeds from an at-the-market equity offering during the quarter, strengthening its balance sheet for general corporate purposes.
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