Slide 1: Financial Results Q2 & H1 2025
FINANCIAL RESULTS Q2 & H1 2025 July 31, 2025 viridiengroup.com cgg.com
Slide 2: Executive Summary
Executive Summary Solid Q2 2025 Continuous 2025 guidance strengthening performance of our market positions reaffirmed GEO EDA Sustained market New OBN projects Assuming no major disruption to momentum, with launched, current environment, $100m Net Viridien’s expanding with strict portfolio Cash Flow
Slide 3: Our strategy: further strengthen the core, selectively diversify and maximize operational efficiencies
Our strategy: further strengthen the core, selectively diversify and maximize operational efficiencies Unique competitive advantages 1 DRIVE Core growth, further leveraging Remarkable Technology our competitive advantages Leading the industry in advanced imaging and geosciences & digital technologie
Slide 4: Now clearly refocused on the asset lighter, higher value-added segments of the seismic value chain
Now clearly refocused on the asset lighter, higher value-added segments of the seismic value chain Seismic value chain Equipment and Data Multi-client data Subsurface solutions supply acquisition licensing imaging • High-performance, high- • Ability to deploy flexible • Extensive, high-quality data
Slide 5: Innovating continuously to strengthen our technology leadership
SENSING & MONITORING Innovating continuously to strengthen our technology leadership Equipment Software Services Accuracy and reliability Visibility and connectivity Planning and operational performance Accel land node Infrastructure Monitoring dashboard Asset & operations optimization Ocean bottom
Slide 6: Maximizing cash generation through a balanced multi-client investment strategy
EARTH DATA Maximizing cash generation through a balanced multi-client investment strategy Type of project Financing approach ▪ Based on existing legacy data, leveraging Internal Reprocessing of existing data our best-in-class imaging financing ▪ High commerciality, low risk ▪ Infrastructure-led expl
Slide 7: Further cementing our global leadership by leveraging unique capabilities
GEOSCIENCE Further cementing our global leadership by leveraging unique capabilities Brightest minds Best technology Unique culture in subsurface imaging Strong problem-solving 300+ PhDs is mathematics, physics, and geoscience #1 technologies over the last decade in the Kimberlite mindset annual sur
Slide 8: Building on our core expertise and technology to unlock new growing markets
NEW BUSINESSES Building on our core expertise and technology to unlock new growing markets with minimal investment New business principles 1 Extend beyond Oil & Gas 2 Leverage existing technology and client base with limited R&D needs 3 Focus on growth markets with strong potential 8
Slide 9: Q2 & H1 2025 Key business highlights
Q2 & H1 2025 9 Key business highlights cgg.com 9
Slide 10: Sustained strong business momentum
GEOSCIENCE Sustained strong business momentum Segment revenue ($M) Backlog ($M) 59 62 317 246 Jun 30, 2024 Jun 30, 2025 +17% 26 28 226 193 +10% Total production / head ($k) 115 105 366 328 H1 2024 H1 2025 Q2 2024 Q2 2025 External Segment revenue Internal production H1 2024 H1 2025 10
Slide 11: Massive OBN interpretation project underway in the Middle East, powered by Viridien's advanced AI suite
GEOSCIENCE Massive OBN interpretation project underway in the Middle East, powered by Viridien’s advanced AI suite In 2023, Viridien delivered the world’s largest OBN processing project ▪ 26,000 km2 surveyed ▪ 700 billion seismic ▪ >2 million sensors traces recorded deployed ▪ 30 petabytes of seismi
Slide 12: Resilient performance despite oil price volatility
EARTH DATA Resilient performance despite oil price volatility Segment revenue ($M) Library net book value $508m (at end-June 2025 - IFRS) Split by age 1% 1% WIP 11% Up to 1 year old Up to 2 years old 29% 58% +1% Up to 3 years old 169 170 Up to 4 years old Split by geography 7% Europe & Africa -8% 19
Slide 13: Brazilian equatorial margin: de-risked growth with ample pre-funding
EARTH DATA Brazilian equatorial margin: de-risked growth with ample pre-funding Leading seismic coverage in the basin Viridien holds the largest footprint in the region to date Equatorial Margin Strong interest from Petrobras Brazil’s NOC has prioritized the northeast for exploration in its 5-year p
Slide 14: Robust land activity driving performance
SENSING & MONITORING Robust land activity driving performance Segment revenue ($M) Land +47% 108 +99% 74 57 29 H1 2024 H1 2025 Q2 2024 Q2 2025 +6% 180 170 Marine +14% 82 93 -39% 75 -50% 46 42 21 H1 2024 H1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 Q2 2024 Q2 2025 14
Slide 15: Accel: redefining land nodes with breakthrough innovation
SENSING & MONITORING Accel: redefining land nodes with breakthrough innovation Engineered to boost our clients’ operational performance in desert areas and high productivity surveys Up to 2x 30% Powered by Viridien’s 2.5h more compact world-leading OPEX cost fast than competition QuietSeis® reductio
Slide 16: Q2 & H1 2025 Financial performance review
Q2 & H1 2025 16 Financial performance review cgg.com 16
Slide 17: Segment revenue up +8% in H1, fueled by Geoscience and Sensing and Monitoring
Segment revenue(1) up +8% in H1, fueled by Geoscience and Sensing and Monitoring Segment revenue ($M) +8% 575 532 • Data, Digital & Energy Transition +9% year-on-year in H1 180 170 +6% 274 Sensing & Monitoring 258 • 82 93 +6 % year-on-year in H1 396 362 177 181 H1 2024 H1 2025 Q2 2024 Q2 2025 17 (1)
Slide 18: Segment adjusted EBITDAs up +25% in H1, margin +590 bps
Segment adjusted EBITDAs(1) up +25% in H1, margin +590 bps Segment adjusted EBITDAs ($M) • Data, Digital & Energy Transition +25% 60.2% adjusted EBITDAs margin in H1, c.+500 bps 250 ▪ Higher Geoscience revenue contribution, with strong fall- 200 through to margin 27 ▪ Lower vessel penalties in H1 20
Slide 19: Net income impacted by IFRS15 adjustment on EDA surveys
Net income impacted by IFRS15 adjustment on EDA surveys Segment ( in millions of $) Q2 2025 Q2 2024 H1 2025 H1 2024 Revenue 274 258 575 532 ▪ Significant negative Adjusted EBITDAs 107 94 250 200 IFRS revenue adjustment linked to EBITDAs 108 91 250 196 ongoing major surveys in the US Gulf and IFRS (
Slide 20: Positive Net cash flow of $10m in H1 2025
Positive Net cash flow of $10m in H1 2025 H1 2024 to H1 2025 Net Cash Flow bridge in millions of $ Q2 2025 Q2 2024 H1 2025 H1 2024 H1 2024: Incl. c. $50m of PEMEX receivables +$38m ONGC settlement Segment EBITDAs 108 91 250 196 -$10m vessel penalties Taxes -4 -9 -8 -12 4 Change in working capital 1
Slide 21: Extended debt maturity and ample liquidity
Extended debt maturity and ample liquidity in millions of $ June 30, 2025 Two new senior secured notes following refinancing Liquidity 262 Cash 162 $450m €475m Undrawn RCF(1) 100 Gross debt 1,158 10.0% coupon 8.5% coupon Bonds(2) 987 Other borrowings 31 Maturity October 2030 Accrued interests 25 Lea
Slide 22: Outlook
OUTLOOK 22 cgg.com 22
Slide 23: 2025 perspectives
2025 perspectives ▪ Oil price environment volatile in recent months but consistently above the $60/bbl threshold, generally considered an industry equilibrium level OUTLOOK ▪ Oil & Gas companies have maintained most of their exploration and development commitments, particularly in Viridien’s core se
Slide 24: Key Viridien highlights
Key Viridien highlights Leading advanced Global leader in Up-to-date Earth Strengthened cash technology, digital Geoscience, with Data library in New business flow generation and earth data best-in-class proven offshore offerings in high outlook, providing company, with a technology and basins, with
Slide 25: Appendices
APPENDICES 25 cgg.com 25
Slide 26: Financial calendar
Financial calendar October 30, 2025 (after market) Q3 2025 results 26
Slide 27: Shareholding Structure
Shareholding Structure Total number of shares As of the end of June 2025 7,180,449 M Partners Capital LLC FIL Investments International 5.8% Other institutional 10.0% investors Free float 37.9% 46.3% 84.2% Retail investors 27
Slide 28: Resilient, cycle-proof revenue performance
GEOSCIENCE Resilient, cycle-proof revenue performance Low historic volatility ($M) ✓ Well diversified client base, both geographically and by type (~17%) peak to trough adjusted for disposals ✓ Significant exposure to resilient development and production revenues 396 385 404 351 328 335 269 284 Prov
Slide 29: Premier sub-surface imaging capabilities with a global footprint
GEOSCIENCE Premier sub-surface imaging capabilities with a global footprint Global footprint of imaging centers Computing power (PFLOPS) Stavanger x2 Moscow Oslo Calgary London Paris Pau Vienna Beijing Cairo Houston Abu Dhabi Mumbai Villahermosa Oman Kuala Lumpur Singapore 590 Brunei Jakarta 510 520
Slide 30: Technologically advanced, up-to-date data library in the most prolific basins globally
EARTH DATA Technologically advanced, up-to-date data library in the most prolific basins globally ~$0.5bn net book value 1.3m km² 3D seismic data 10,156 km² OBN 3D seismic data Explore Viridien’s Geostore https://earthlibrary-geostore.viridiengroup.com/#/ 30
Slide 31: Key segment P&L figures
Key segment P&L figures (in millions of $) Q2 2025 Q2 2024 Change (%) H1 2025 H1 2024 Change (%) €/$ exchange rate 1.12 1.08 1.08 1.08 Segment revenue 274 258 +6% 575 532 +8% DDE 181 177 +3% 396 362 +9% Geoscience 115 105 +10% 226 193 +17% Earth Data 66 72 -8% 170 169 +1% SMO 93 82 +14% 180 170 +6%
Slide 32: Reconciliation IFRS vs Segment
Reconciliation IFRS vs Segment (in millions of $) Q2 2025 H1 2025 IFRS 15 IFRS 15 Segment IFRS Segment IFRS adjustments adjustments Revenue 274 -40 234 575 -83 492 EBITDAs 108 -40 68 250 -83 167 Adjustments -1 0 Adjusted EBITDAS 107 -40 67 250 -83 167 32
Slide 33: Disclaimer
Disclaimer This presentation contains forward-looking statements, including, without limitation, statements about Viridien (“the Company”) and its plans, strategies, and prospects. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, th
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