Uranium Energy Corp. Reports $66.84M Revenue and $60.60M Net Loss for Nine Months Ending April 30, 2025

Uranium Energy Corp. (UEC) reported its financial results for the nine months ending April 30, 2025, revealing a significant increase in revenue and operational expenditures compared to the previous fiscal period. The company generated $66.84 million in revenue, primarily from sales of purchased uranium inventory, a substantial rise from just $224,000 in the same period last year. However, UEC recorded a net loss of $60.60 million, or $0.14 per share, compared to a loss of $14.11 million, or $0.04 per share, in the prior year. The increase in losses is attributed to higher operational costs, which totaled $64.78 million, up from $37.38 million in the previous nine-month period.

The company’s operational expenditures saw a marked increase, particularly in mineral property expenditures, which rose to $43.44 million from $21.45 million year-over-year. This increase reflects UEC's ongoing investments in exploration and development activities, including significant expenditures on the Christensen Ranch Mine and the Burke Hollow Project. General and administrative expenses also increased to $18.29 million from $14.31 million, driven by higher salaries and professional fees associated with expanding business activities.

Strategically, UEC completed the acquisition of Sweetwater Uranium Inc. and Wyoming Coal Resources Company in December 2024, which included a fully licensed uranium processing mill and several uranium projects. This acquisition, valued at approximately $177.33 million, is expected to enhance UEC's operational capacity and market presence. Additionally, the company acquired a 17.8% stake in Anfield Energy Inc. for $10.46 million, further diversifying its investment portfolio.

As of April 30, 2025, UEC reported total assets of $1.01 billion, up from $889.83 million at the end of the previous fiscal year. The company held $71.40 million in cash and cash equivalents, alongside $76.36 million in inventories. UEC's working capital stood at $137.57 million, indicating a solid liquidity position despite the operational losses. The company continues to rely on equity financing to support its capital-intensive operations, with net cash provided by financing activities totaling $165.39 million during the nine months ended April 30, 2025.

Looking ahead, UEC aims to ramp up uranium extraction at its Christensen Ranch Mine and other projects while navigating the challenges of market volatility and operational costs. The company anticipates that its investments in uranium projects will position it favorably in a market characterized by increasing demand for nuclear energy. However, UEC acknowledges that achieving consistent profitability will depend on its ability to generate positive cash flow from operations and secure additional financing as needed.