$CCJ

CAMECO CORP

CIK:0001009001|SEC Filings

Consolidated statements of earnings - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Consolidated statements of earnings [Abstract]
Revenue from products and services	$ 3,481,933	$ 3,135,772
Cost of products and services sold	2,218,566	2,072,488
Depreciation and amortization	293,094	280,702
Cost of sales	2,511,660	2,353,190
Gross profit	970,273	782,582
Administration	311,250	253,150
Exploration	27,630	19,419
Research and development	38,467	36,540
Other operating income	(28,333)	(37,683)
Loss on disposal of assets	3,117	1,042
Earnings from operations	618,142	510,114
Finance costs	(115,175)	(147,171)
Gains (losses) on derivatives	95,017	(183,103)
Finance income	23,172	21,228
Share of earnings (loss) from equity-accounted investees	216,386	(10,844)
Foreign exchange gains (losses)	(61,740)	65,517
Other income	1,459	975
Earnings before income taxes	777,261	256,716
Income tax expense	187,719	84,874
Net earnings	$ 589,542	$ 171,842

Consolidated statements of cash flows - CAD ($)	12 Months Ended
Consolidated statements of cash flows - CAD ($)	Dec. 31, 2025	Dec. 31, 2024
Operating activities
Net earnings	$ 589,542,000	$ 171,842,000
Adjustments for:
Depreciation and amortization	293,094,000	280,702,000
Deferred sales	(24,747,000)	61,180,000
Unrealized losses (gains) on derivatives	(145,751,000)	149,629,000
Share-based compensation	9,656,000	6,775,000
Loss on disposal of assets	3,117,000	1,042,000
Finance costs	115,175,000	147,171,000
Finance income	(23,172,000)	(21,228,000)
Share of loss (earnings) from equity-accounted investees	(216,386,000)	10,844,000
Other income	(1,460,000)	(307,000)
Foreign exchange (gains) losses	61,740,000	(65,517,000)
Other operating income	(28,333,000)	(37,683,000)
Income tax expense	187,719,000	84,874,000
Interest received	23,172,000	21,228,000
Income taxes paid	(90,206,000)	(38,486,000)
Dividends from equity-accounted investees	446,749,000	185,447,000
Other operating items	208,523,000	(52,225,000)
Net cash provided by operations	1,408,432,000	905,288,000
Investing activities
Additions to property, plant and equipment	(333,025,000)	(211,635,000)
Increase in short-term investments	(99,603,000)	0
Decrease (increase) in long-term receivables, investments and other	(1,137,000)	4,816,000
Proceeds from sale of property, plant and equipment	245,000	377,000
Net cash used in investing	(433,520,000)	(206,442,000)
Financing activities
Increase in long-term debt	0	497,022,000
Decrease in long-term debt	(285,240,000)	(1,041,590,000)
Interest paid	(52,642,000)	(88,818,000)
Proceeds from issuance of shares, stock option plan	2,170,000	16,656,000
Lease principal payments	(2,733,000)	(2,051,000)
Dividends paid	(104,480,000)	(69,641,000)
Net cash used in financing	(442,925,000)	(688,422,000)
Increase in cash and cash equivalents, during the year	531,987,000	10,424,000
Exchange rate changes on foreign currency cash balances	(17,589,000)	23,229,000
Cash and cash equivalents, beginning of year	600,462,000	566,809,000
Cash and cash equivalents, end of year	1,114,860,000	600,462,000
Cash and cash equivalents is comprised of:
Cash	805,875,000	204,715,000
Cash equivalents	308,985,000	395,747,000
Cash and cash equivalents	$ 1,114,860,000	$ 600,462,000

Consolidated statements of financial position - CAD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 1,114,860,000	$ 600,462,000
Short-term investments	99,603,000	0
Accounts receivable	360,312,000	346,800,000
Current tax assets	11,974,000	2,579,000
Inventories	843,989,000	826,863,000
Supplies and prepaid expenses	169,339,000	145,390,000
Current portion of long-term receivables, investments and other	39,138,000	1,093,000
Total current assets	2,639,215,000	1,923,187,000
Property, plant and equipment	3,325,077,000	3,286,515,000
Intangible assets	36,162,000	39,822,000
Long-term receivables, investments and other	647,245,000	595,896,000
Investment in equity-accounted investees	2,987,126,000	3,218,456,000
Deferred tax assets	666,457,000	843,131,000
Total non-current assets	7,662,067,000	7,983,820,000
Total assets	10,301,282,000	9,907,007,000
Current liabilities
Accounts payable and accrued liabilities	871,355,000	619,035,000
Current tax liabilities	16,516,000	21,225,000
Current portion of long-term debt	0	285,707,000
Current portion of other liabilities	134,667,000	221,820,000
Current portion of provisions	47,648,000	37,974,000
Total current liabilities	1,070,186,000	1,185,761,000
Long-term debt	996,348,000	995,583,000
Other liabilities	377,955,000	363,497,000
Provisions	953,415,000	997,833,000
Total non-current liabilities	2,327,718,000	2,356,913,000
Shareholders' equity
Share capital	2,938,235,000	2,935,367,000
Contributed surplus	211,412,000	210,784,000
Retained earnings	3,608,778,000	3,099,264,000
Other components of equity	144,938,000	118,892,000
Total shareholders' equity attributable to equity holders	6,903,363,000	6,364,307,000
Non-controlling interest	15,000	26,000
Total shareholders' equity	6,903,378,000	6,364,333,000
Total liabilities and shareholders' equity	$ 10,301,282,000	$ 9,907,007,000