Yellow Cake is a specialist investment vehicle that buys and holds physical uranium oxide (U3O8) in storage rather than operating mines or reactors. Its purpose is to give capital-markets investors exposure to the uranium commodity through a listed company that accumulates material under long-term storage arrangements. Performance is driven mainly by uranium price movements and inventory holdings rather than by conventional operating revenues.
| Year | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| 2022 | 427.3 | — | 417.3 | — |
| 2023 | -96.9 | -122.7% | -102.9 | -124.7% |
| 2024 | 735 | — | 727 | — |
| 2025 | -456.1 | -162.1% | -469.2 | -164.5% |
| 2026 | 434.3 | — | 419.5 | — |
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