Q3 2025 TGS ASA Earnings Call Transcript

Oct 23, 2025 / 07:00 AM GMT

Release Date Price: $9.51 (+9.18%)

Transcript

Key Points

Positve

TGS ASA (TGSGY) reported a 26% increase in revenues for Q3 2025, reaching $388 million compared to the previous quarter.
The company achieved a strong EBIT of $105 million, marking the first time in several quarters that EBIT surpassed $100 million.
TGS ASA (TGSGY) reduced its net debt to $432 million, down from $479 million in Q2 2025, demonstrating effective cash flow management.
The company maintained its dividend at $0.155 per share and reduced its CapEx guidance from $135 million to $110 million.
TGS ASA (TGSGY) experienced strong order inflow of $436 million, increasing its total order backlog to $473 million by the end of Q3 2025.

Negative

Multi-client sales decreased to $226 million in Q3 2025 from $277 million in the same quarter of the previous year.
The company faced a relatively weak quarter in marine data acquisition, with contract revenues for OBM at $87 million, down from $127 million last year.
TGS ASA (TGSGY) acknowledged that the market for contract tenders in 2026 is not expected to be strong.
The company experienced lower pre-funding of new projects in Q3 2025 compared to previous quarters.
There is uncertainty regarding the timing and realization of sales related to upcoming licensing rounds, particularly in the US Gulf.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TGS.OL - TGS ASA
Q3 2025 TGS ASA Earnings Call
Oct 23, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to TDS Q3 2025, presentation. My name is Bar Stamberg, Vice President in relations and Business intelligence in TDS.

Today's presentation will be given by CEO Christian Johansson, and CFO so I'm Bet Larsen.

Before we start, I would like to draw attention to the cautionary statement showing on the screen and available in today's earnings release and presentation.

For those of you on the webcast, you can start typing in questions during the presentation and we will address those after management's concluding remarks.

So by that, I give the word to you.

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Unidentified_2 [2]
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