Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 179

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 179
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 the Phase 2 period of performance through October 31, 2025. Costs incurred subsequent to November 2024 have not yet been subject to a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation.

Nine Months Ended September 30, 2025 Compared with Nine Months Ended September 30, 2024

Nine Months Ended  September 30, 20252024$ Change% ChangeLEU segmentRevenue:SWU revenue$187.7 $198.1 $(10.4)(5)%Uranium revenue34.1 29.9 4.2 14 %Total221.8 228.0 (6.2)(3)%Cost of sales147.7 189.3 (41.6)(22)%Gross profit$74.1 $38.7 $35.4 91 %Technical Solutions segment Revenue$80.7 $62.4 $18.3 29 %Cost of sales72.3 51.4 20.9 41 %Gross profit$8.4 $11.0 $(2.6)(24)%Total Revenue$302.5 $290.4 $12.1 4 %Cost of sales220.0 240.7 (20.7)(9)%Gross profit$82.5 $49.7 $32.8 66 %

Revenue

Revenue from the LEU segment was $221.8 million and $228.0 million for the nine months ended September 30, 2025 and 2024, respectively, a decrease of $6.2 million (or 3%). SWU revenue decreased by $10.4 million as a result of a 11% decrease in the volume of SWU sold, partially offset by a 7% increase in the average price of SWU sold. Uranium revenue increased by $4.2 million. 

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Revenue from the Technical Solutions segment was $80.7 million and $62.4 million for the nine months ended September 30, 2025 and 2024, respectively, an increase of $18.3 million (or 29%). The increase in revenue is primarily attributable to a $18.4 million increase in revenue generated by the HALEU Operation Contract, while the remaining change is related to other contracts. Revenue from the HALEU Operation