France · Delayed Price · Currency is EUR Viridien Société anonyme Earnings Call Transcripts
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.