Full Year 2025 Technip Energies NV Earnings Call Transcript
Key Points
- Technip Energies NV (THNPF) reported its strongest year yet in 2025, with revenue and recurring EBITDA both rising by 5% to EUR7.2 billion and EUR638 million, respectively.
- The company demonstrated strong execution across its global portfolio, strategically positioning itself for sustained, profitable growth.
- Free cash flow, excluding non-recurring items, increased by 5%, reaching EUR578 million, and the company proposed a dividend of EUR1 per share, up 18%, along with a EUR150 million share buyback program.
- Technip Energies NV (THNPF) achieved significant progress on major projects, including LNG execution in Qatar and early progress on decarbonization projects.
- The acquisition of AM&C is expected to be immediately accretive, contributing over EUR200 million in revenue with EBITDA margins of around 25% in 2026.
- The project delivery backlog declined by 18% year-over-year to EUR14.4 billion due to some major awards shifting right in 2025.
- TPS revenue declined by 9% due to a low cycle for chemical and foreign exchange impacts.
- Net financial income decreased by EUR30 million from the previous year, reflecting the downward global trend in interest rates.
- The effective tax rate was at the upper end of guidance at 29.7%, which could impact net profit margins.
- The company faces challenges in the decarbonization sector due to policy uncertainties and the need for stable carbon pricing to drive market-driven transitions.
Good afternoon. This is the conference operator. Welcome, and thank you for joining the Technip Energies full-year 2025 financial results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Phillip Lindsay, Head of Investor Relations. Please go ahead, sir.
Thank you, Maria. Hello, welcome to Technip Energies financial results for full year 2025. On the call today, our CEO, Arnaud Piéton, will discuss our full year performance and business highlights. This will be followed by CFO, Bruno Vibert, who will discuss our financials. Arnaud will return for the outlook and conclusion before opening for questions.
Before we start, I encourage you to take note of the forward-looking statements on slide 3. I'll now pass the call over to Arnaud.
Thank you, Phillip, a very warm welcome to our 2025 full year
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