Yellow Cake plc (LSE:YCA) has reported strong financial progress, supported by a sharp rise in uranium spot prices that significantly increased the value of its physical holdings. The company’s net asset value surged during the period, and it recorded profit after tax of USD 373.3 million for the half-year. Yellow Cake also completed an oversubscribed equity placing that raised roughly GBP 130 million, with the proceeds earmarked for additional uranium purchases. With nuclear energy gaining global momentum, the company believes it is well placed to benefit from sustained market growth by maintaining direct exposure to uranium.
More about Yellow Cake plc
Yellow Cake plc is a Jersey-headquartered company listed in London, providing investors with direct exposure to the uranium market. It purchases and holds physical U₃O₈ and undertakes related commercial activities, aiming to deliver shareholder returns through increases in uranium prices. The company operates under a long-term Framework Agreement with Kazatomprom, the world’s largest uranium producer.
Leave a Reply