Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 20

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 20
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 a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation.

Six Months Ended June 30, 2025 Compared with Six Months Ended June 30, 2024

Six Months Ended  June 30, 20252024$ Change% ChangeLEU segmentRevenue:SWU revenue$177.0 $163.3 $13.7 8 %Uranium revenue— 29.9 (29.9)(100)%Total177.0 193.2 (16.2)(8)%Cost of sales95.1 159.7 (64.6)(40)%Gross profit$81.9 $33.5 $48.4 144 %Technical Solutions segment Revenue$50.6 $39.5 $11.1 28 %Cost of sales45.7 32.2 13.5 42 %Gross profit$4.9 $7.3 $(2.4)(33)%Total Revenue$227.6 $232.7 $(5.1)(2)%Cost of sales140.8 191.9 (51.1)(27)%Gross profit$86.8 $40.8 $46.0 113 %

Revenue

Revenue from the LEU segment was $177.0 million and $193.2 million for the six months ended June 30, 2025 and 2024, respectively, a decrease of $16.2 million (or 8%). Uranium revenue decreased by $29.9 million as a result of a decrease in the volume of uranium sold. SWU revenue increased by $13.7 million as a result of a 24% increase in the average price of SWU sold, partially offset by a 12% decrease in the volume of SWU sold.

48

Revenue from the Technical Solutions segment was $50.6 million and $39.5 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $11.1 million (or 28%). The increase in revenue is primarily attributable to a $11.0 million increase in revenue generated by the HALEU Operation Contract, while the remaining increase is related to other contracts. Revenue from the HALEU Operation Contract is recorded on a cost-plus-incentive-fee basis and includes a target fee for Phase