Cameco Corporation (CCJ) stock is soaring 5.08% in pre-market trading on Thursday, following the release of its impressive second-quarter financial results for 2025. The uranium giant reported a significant surge in net earnings to $321 million for Q2, marking a substantial increase compared to the same period in 2024.

The company's financial performance was robust across the board, with adjusted net earnings reaching $308 million and adjusted EBITDA hitting $673 million for the quarter. For the first half of 2025, Cameco's net earnings stood at $391 million, while adjusted EBITDA reached an impressive $1.0 billion, showcasing considerable growth from the first six months of 2024.

Cameco attributed its strong performance to increased equity earnings from its investment in Westinghouse and solid results in both its uranium and fuel services segments. The uranium segment, in particular, saw significant growth with earnings before income taxes and adjusted EBITDA rising by 46% and 43% respectively in Q2 compared to 2024. This growth was driven by higher sales volumes and improved average realized prices, positioning Cameco to capitalize on the increasing global demand for nuclear energy.