Slide 1: NuScale Power Fourth Quarter and Full Year 2025 Earnings Presentation
NuScale Power Fourth Quarter and Full Year 2025 Earnings Presentation February 2026 NuScale Nonproprietary | Copyright © 2026 NuScale Power, LLC. | Page 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This Presentation contains forward-looking statements (including without limitation statements containing words such as "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include statements relating to our
Slide 3: NuScale Fourth Quarter Highlights
NuScale Fourth Quarter Highlights NuScale’s exclusive global strategic partner, ENTRA1 Energy (“ENTRA1”), and Tennessee Valley Authority (“TVA”) continue to advance the largest nuclear power deployment program in U.S. history with NuScale technology In December 2025, NuScale completed its work on Fl
Slide 4: TVA and ENTRA1 SMR Deployment Program Update
TVA and ENTRA1 SMR Deployment Program Update • TVA and ENTRA1 are planning to deploy 6 GWe of new nuclear capacity using NuScale Power Modules • Our understanding is since the program was announced: • ENTRA1 began assembling a team of design engineers, a construction contractor, owner’s engineers, i
Slide 5: RoPower Project Update
RoPower Project Update RoPower selected NuScale as the technology for their SMR modular reactor project to deploy a power plant with 6 NuScale Power Modules™ at a former coal plant site in Doicești, Romania • Between the second quarter of 2024 and the fourth quarter of 2025 NuScale recognized $63.1
Slide 6: Plant Services
Plant Services NuScale offers many services for power plant customers that cover licensing, startup and commissioning, and plant operations and maintenance (O&M). Our services are designed to be flexible and ensure economic benefit Services Key Highlights Pre-Commercial Operations Date Post-Commerci
Slide 7: Powering Commercial Chemical Plants
Powering Commercial Chemical Plants Independent Analysis Shows NuScale’s High-Temp Process Steam Competitiveness • Reports from 2 national labs show NuScale’s high-temperature process steam: • On par with high-temperature gas reactors (Idaho National Laboratory) • Competitive for chemical plants (Oa
Slide 8: Key Financial Updates
Key Financial Updates Liquidity & Capital Resources ($M) Revenue ($M) Cash & Cash Equivalents Short-Term Investments Long-Term Investments $1,287.2 $33.0 $13.4 $417.8 $753.8 $62.0 $8.1 $8.2 $521.4 $30.0 $489.9 $284.2 $69.2 $836.4 $123.0 $491.4 $407.6 $297.7 $1.8 3/31/2025 6/30/2025 9/30/2025 12/31/2
Slide 9: Capitalization Summary
Capitalization Summary Share Type Description Dec 31, 2025 Sep 30, 2025 Class A Shares NuScale Power Corporation Class A shares 318.5M 167.6M NuScale Power Corporation Class A shares issuable upon the exchange of one Class B share and one NuScale Power, LLC Class B Shares Class B unit 19.4M 130.8M T
Slide 10: NuScale Power Fourth Quarter and Full Year 2025 Q&A Session
NuScale Power Fourth Quarter and Full Year 2025 Q&A Session February 2026 NuScale Nonproprietary | Copyright © 2026 NuScale Power, LLC. | Page 10