06:59 AM EST, 02/20/2025 (MT Newswires) -- Cameco ( CCJ ) on Thursday reported higher adjusted net earnings in the fourth quarter of 2024, supported by strong results in the company's uranium and Westinghouse segments.

Adjusted net earnings came in at $157 million, or $0.36 per share, up from $108 million, or $0.25 per share.

Net earnings were $135 million, or $0.31 per share, up from $80 million, or $0.18 per share.

Revenue also rose to $1.18 billion from $844 million. Adjusted EBITDA amounted to $524 million, up from $336 million.

"We expect our strong financial performance to continue in 2025, driven by the supportive market conditions we are seeing throughout the fuel cycle and across the nuclear sector, and through the continued benefits flowing from our investment in Westinghouse," said Cameco ( CCJ ) President and CEO Tim Gitzel.

Cameco's ( CCJ ) share price at last look gained 3.5% to US$48.19 in U.S. pre-market trading on Thursday.