Centrus Reports Fourth Quarter and Full Year 2025 Results and Provides 2026 Guidance

Core Insights - Centrus Energy Corp reported a net income of $77.8 million for the year ended December 31, 2025, an increase from $73.2 million in 2024, with total revenue rising to $448.7 million from $442.0 million in the previous year [1][2][3] Financial Performance - The company generated total revenue of $448.7 million in 2025, compared to $442.0 million in 2024, with a gross profit of $117.5 million, up from $111.5 million [1][2] - Revenue from the LEU segment decreased by $3.7 million (1%) to $346.2 million, while Technical Solutions segment revenue increased by $10.4 million (11%) to $102.5 million [1][2] - The gross profit for the LEU segment increased by $17.6 million (19%) to $111.5 million, primarily due to increased sales volume of separative work units (SWU) [1][2] Operational Developments - Centrus has a backlog of $3.8 billion as of December 31, 2025, with $2.9 billion in LEU segment backlog and $0.9 billion in Technical Solutions segment backlog [2][3] - The company plans to produce 12 metric tons of HALEU annually after 2030, with some production expected by the end of the decade [2][3] - A $900 million task order was awarded to Centrus by the U.S. Department of Energy to expand its uranium enrichment facility in Piketon, Ohio [1][2] 2026 Guidance - For 2026, Centrus expects total capital deployment between $350 million and $500 million and total revenue in the range of $425 million to $475 million [2][3] - The company anticipates hiring at least 50 new employees for the Piketon facility and 100 for the Oak Ridge facility [2][3] Strategic Initiatives - Centrus has initiated domestic centrifuge manufacturing to support its commercial LEU enrichment activities, marking a significant transformation in U.S. uranium enrichment history [2][3] - The company is focused on leveraging its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of LEU sales [2][3]