Q3 2025 Expro Group Holdings NV Earnings Call Transcript
Key Points
- Expro Group Holdings NV (XPRO) achieved its highest quarterly free cash flow ever, marking a significant milestone in operational efficiency and cash conversion.
- The company reported quarterly revenue of $411 million and EBITDA of $94 million, representing a 22.8% margin.
- Expro's $2.3 billion backlog provides solid revenue visibility and demonstrates a diverse portfolio across regions.
- The company successfully repurchased around 2 million shares for $25 million, achieving its annual target ahead of schedule.
- Expro received multiple industry awards, including ENI's best contract for HSE Performance and the OTC Brazil Spotlight on New Technology Award, highlighting its leadership in innovation and safety.
- Despite strong performance, Expro anticipates that activity levels in 2026 will be largely consistent or slightly lower than those projected in 2025.
- The Asia Pacific region is expected to be a laggard in 2026, with continued softness in activity levels.
- Natural gas fundamentals have temporarily softened, impacting demand for Expro's services.
- The company faces macroeconomic risks, including geopolitical uncertainties and softer commodity prices.
- Revenue expectations for 2026 remain relatively flat to slightly down, posing challenges for growth.
Good morning all and thank you for joining us at the Expro Q3 2025 earnings presentation. My name is Carleen, and I'll be coordinating the call today. (Operator Instructions)
At night Sergio Maiworm, Chief Financial Officer. Please go ahead.
Thank you, operator. Good morning, everyone, and welcome to Exproâs third quarter 2025 call. I'm joined today by Expro CEO, Michael Jardon.
First, Mike and I will have some prepared remarks. Then we will open it up for questions. We have an accompanied presentation on the third quarter results that is posted on the expo website expo.com under the investors section.
In addition, supplemental financial information for the third quarter results is downloadable on ex website likewise under the investor section. I'd like to remind everyone that some of today's comments may refer to or contain forward-looking statements.
Such remarks are subject to risks and uncertainties that could cause actual results to differ materially
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