For the 2025 fiscal year, Viridien's business activities generated revenues of $1.165 billion, marking a 4% year-on-year increase. The group posted a significant improvement in profitability, supported by operational efficiency gains across all business lines. Adjusted EBITDA for the activities reached $551 million, up 21% year-on-year, representing a margin of 47% compared to 41% in 2024.
The IFRS net income came in at $71 million, a 40% increase compared to 2024. During this fiscal year, Viridien generated net cash flow of $107 million, surpassing its target of $100 million.
Provided that the business environment remains broadly comparable to last year, Viridien expects to generate around $100 million in net cash flow for the 2026 fiscal year, with a seasonal profile similar to that of 2025, and once again plans to allocate the entire amount to debt reduction.
"2025 was a pivotal year in the execution of our asset-light strategy and the financial transformation initiated in 2018. Building on our established competitive advantages in technology and digital solutions, we delivered very strong operational performance and generated substantial cash flow, fully dedicated to reducing our debt. This performance reflects the strength of our business model," said Sophie Zurquiyah, President and Chief Executive Officer of Viridien.
Viridien is one of the leading international providers of geophysics services and products intended for oil and gas companies. Net sales (including intragroup) break down by activity as follows:
- geophysics services (72.5%): recording, processing, and interpretation of land and marine seismic data;
- manufacturing of seismic equipment (27.5%): recording and transmission equipment, vibrators for capturing seismic data, data processing and interpretation software, etc.
Net sales are distributed geographically as follows: France (1.3%), Norway (16.7%), Europe/Middle East/Africa (24.8%), the United States (26.9%), North America (0.3%), China (7.5%), Asia/Pacific (9.2%), Brazil (7%), Mexico (3.4%) and Latin America (2.9%).
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