France · Delayed Price · Currency is EUR Viridien Société anonyme Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw softer revenues due to cautious client spending and Middle East volatility, but strong cash generation and continued deleveraging. Guidance for EUR 100 million net cash flow is reiterated, with activity expected to ramp up from Q2.
Fiscal Year 2025
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2025 saw strong revenue and profit growth, driven by technology-focused, asset-light operations and robust performance in core segments. Debt was reduced, cash flow exceeded guidance, and 2026 targets steady cash generation amid expected H1 softness and H2 recovery.
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Q3 2025 saw strong revenue and EBITDA growth, with robust Geoscience and Earth Data performance, and a solid outlook supported by a $290 million backlog. The $100 million net cash flow target for 2025 is reaffirmed, independent of Pemex receivable collection.
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Q2 2025 saw 6% revenue and 14% EBITDA growth year-on-year, with strong geoscience and SMO performance offsetting a dip in Earth Data. The company reaffirmed its $100M net cash flow target for 2025, supported by a robust backlog, operational discipline, and successful refinancing.
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The meeting confirmed strong 2024 financial results, with EBITDA up 14% and positive net income, while all resolutions—including board renewals, auditor changes, and remuneration policies—were approved. Strategic focus remains on cash generation, debt reduction, and growth in new business areas.
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Revenue grew 10% and EBITDA rose 35% year-over-year, driven by strong Geoscience and Earth Data performance. Debt refinancing reduced gross debt by $200 million and extended maturity to 2030. Net cash flow guidance for 2025 is $100 million, excluding refinancing costs.
Fiscal Year 2024
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2024 saw stable revenue, strong EBITDA growth, and improved cash flow, driven by Geoscience and Earth Data outperformance and SMO restructuring. The company is targeting $100 million net cash flow in 2025, with continued deleveraging and an asset-light model transition.
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Nine-month revenue was nearly flat at $778M, with EBITDA up 7% year-over-year to $298M, driven by GeoScience growth and cost control. SMO and after-sales showed volatility, but Q4 is expected to be strong, and the company remains on track to meet 2024 objectives.
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Q2 2024 results showed strong growth in Geoscience and Earth Data, offset by weaker Sensing and Monitoring. Cash flow improved, aided by a litigation settlement, and the Laconia project is underway with high pre-funding. Full-year guidance for revenue and EBITDA is reiterated.