Half Year 2025 Viridien SA Earnings Call Transcript
Key Points
- Segment revenue increased by 6% year-on-year to $274 million, indicating strong demand for Viridien (VIRDY)'s expertise and product offerings.
- Segment adjusted EBITDA rose by 14% year-on-year to $107 million, showcasing effective translation of top-line growth into profitability.
- The company concluded the quarter with $30 million in net cash flow, highlighting improved cash generation capabilities.
- Viridien (VIRDY) continues to build on its leadership in its three core businesses: geoscience, Earth Data, and sensing and monitoring.
- The launch of the new Ael technology and next-generation solutions reinforces Viridien (VIRDY)'s technology leadership in the land business.
- Q2 2025 revenue for the Earth Data segment declined by 8% year-on-year, following a strong Q1 2025.
- The company faces challenges from geopolitical instability, oil price volatility, and foreign exchange fluctuations.
- There is a significant negative change in working capital due to overdue receivables from Pemex, totaling around $50 million.
- The seismic multi-client business is described as cyclical and volatile, particularly concerning late sales.
- The company is experiencing a slowdown in carbon capture projects in the US, with delays in this space.
Good day and thank you for standing by. Welcome to the Viridien Q2 2025 Financial Results Webcast and conference call. (Operator Instructions) I would now like to send the conference over to your first speaker today, Alexandra Leroy. Please go ahead.
Good morning and good afternoon, everyone. Thank you for joining us today for the region Q2 2025 results presentation. I'm Alexander LEROY of Investor Relations and corporate finance. We are hosting today's call from Paris, and I'm pleased to be here with Sophie Zurquiyah, our Chair and CEO, and she, our CFO, who will walk you through our Q2 2025 results.
Before we begin a few outfiing items. This call is being recorded and accessible via both phones and online platforms, and audio replay will be available shortly on our website www.viridiengroup.com. The presentation sites are also available from download.
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