Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 161

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 161
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 time the contract was signed. The increase for the three months ended June 30, 2025 was due to the composition of contracts in the current quarter, compared to the prior quarter.

Gross profit for the Technical Solutions segment was $3.2 million and $3.5 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $0.3 million (or 9%). The decrease was primarily attributable to the factors discussed above. Because of the delay in completing Phase 2 of the HALEU Operation Contract, in November 2024, DOE extended the Phase 2 period of performance to June 30, 2025. Costs incurred subsequent to the extension have not yet been subject to 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 $