Slide 1: Financial Results Q3 & 9M 2025
FINANCIAL RESULTS Q3 & 9M 2025 October 30, 2025 viridiengroup.com cgg.com
Slide 2: Executive Summary
Executive Summary Strong Q3 2025 2025 guidance performance reaffirmed Top line Profitability $313m $167m $100m Net Cash Flow Segment Revenues Segment Adjusted EBITDAs target confirmed +27% YoY +70% YoY regardless of any PEMEX receivables cash-in Cash generation $53m Net Cash Flow 4.3x YoY 2
Slide 3: Key business highlights
Q3 & 9M 2025 3 Key business highlights cgg.com 3
Slide 4: Steady growth, driven by rising demand for high-end imaging
GEOSCIENCE Steady growth, driven by rising demand for high-end imaging Segment revenue ($M) Backlog ($M) +13% 290 93 245 93 Sept. 30, 2024 Sept. 30, 2025 +5% 334 34 296 Total production / head ($k) 31 103 108 374 334 Q3 2024 Q3 2025 9M 2024 9M 2025 External Segment revenue Internal production 9M 202
Slide 5: Viridien's imaging technology, a game changer for complex reservoir insight and production optimization
GEOSCIENCE Viridien’s imaging technology, a game changer for complex reservoir insight and production optimization Example: Atlantis field, Gulf of America Key advantages for the E&P operators ▪ High-precision monitoring of reservoir dynamics in complex deepwater environments ▪ Optimized infill dril
Slide 6: Revenues benefiting from appetite for high-end data and client M&A
EARTH DATA Revenues benefiting from appetite for high-end data and client M&A Segment revenue ($M) Library net book value $534m (at end-September 2025 - IFRS) +21% Split by age 1% 1% WIP 10% Up to 1 year old 27% Up to 2 years old +63% 61% Up to 3 years old Up to 4 years old 306 252 Split by geograph
Slide 7: Unlocking new offshore potential in Uruguay through advanced reimaging
EARTH DATA Unlocking new offshore potential in Uruguay through advanced reimaging Maximizing legacy data value in a highly prospective basin: unlocking frontier plays with lower risk and higher return Project highlights Uruguay ▪ 25,000 km² of 3D streamer data (2012–2017) reimaged with Viridien’s TL
Slide 8: Robust land activity
SENSING & MONITORING Robust land activity Segment revenue ($M) Land +36% +8% +9% 139 102 28 31 Q3 2024 Q3 2025 9M 2024 9M 2025 249 +16% 230 Marine -24% +65% 88 69 67 59 13 21 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 8
Slide 9: Positive dynamic in land nodes, combining innovation, global footprint and diversified customer base
SENSING & MONITORING Positive dynamic in land nodes, combining innovation, global footprint and diversified customer base Flagship high-productivity mega-crew surveys Large-scale, high-productivity survey ongoing in North America, with 80k+ channels delivering top-tier data quality Diversified proje
Slide 10: Financial performance review
Q3 & 9M 2025 10 Financial performance review cgg.com 10
Slide 11: Segment revenue up +14% over 9 months, fueled by all the divisions
Segment revenue(1) up +14% over 9 months, fueled by all the divisions Segment revenue ($M) +14% 888 778 • Data, Digital & Energy Transition 249 +17% year-on-year over 9 months 230 +27% • Sensing & Monitoring 313 246 639 +8% year-on-year over 9 months 69 548 59 244 187 Q3 2024 Q3 2025 9M 2024 9M 2025
Slide 12: Segment adjusted EBITDAs up +40% over 9 months, margin +860 bps
Segment adjusted EBITDAs(1) up +40% over 9 months, margin +860 bps Segment adjusted EBITDAs ($M) +40% • Data, Digital & Energy Transition 63.9% adjusted EBITDAs margin over 9M, +780 bps 417 ▪ Geoscience: higher revenue contribution with strong 30 flow-through to margin 298 ▪ Earth Data: highly profi
Slide 13: Solid underlying performance despite IFRS15 adjustment on EDA surveys
Solid underlying performance despite IFRS15 adjustment on EDA surveys Segment (in millions of $) Q3 2025 Q3 2024 9M 2025 9M 2024 Revenue 313 246 888 778 Adjusted EBITDAs 167 98 417 298 ▪ IFRS15 impact: lower recognized EBITDAs 167 98 417 294 revenue and margins due to ongoing large IFRS (in millions
Slide 14: Net Cash Flow up +83% YoY to $62m at end-September 2025
Net Cash Flow up +83% YoY to $62m at end-September 2025 9M 2024 to 9M 2025 Net Cash Flow bridge in millions of $ Q3 2025 Q3 2024 9M 2025 9M 2024 Incl. higher PEMEX receivables Incl. lower vessel penalties, and EDA payables phasing more than offset by the Segment EBITDAs 167 98 417 294 ONGC dispute s
Slide 15: Very active liability management
Very active liability management $200 m YoY gross debt reduction First partial bond redemption (at constant FX and after early October partial bond redemption) ▪ 10% yearly redemption clause partially executed early October - €20 m (EURO tranche) + $25 m (USD tranche) 1,174 - $4.5m annual interest s
Slide 16: Outlook
OUTLOOK 16 cgg.com 16
Slide 17: 2025 perspectives
2025 perspectives ▪ Exploration & seismic expected to remain resilient despite oil price volatility, with potential spending adjustments likely concentrated in other parts of the E&P value chain OUTLOOK ▪ Structurally positive fundamentals as operators focus on long-term resource security amid accel
Slide 18: Appendices
APPENDICES 18 cgg.com 18
Slide 19: Financial calendar
Financial calendar February 26, 2026 (after market) May 5, 2026 (after market) FY 2025 results Q1 2026 results July 30, 2026 (after market) November 3, 2026 (after market) Q2 2026 results Q3 2026 results 19
Slide 20: Shareholding Structure
Shareholding Structure Total number of shares As of the end of September 2025 7,180,449 FIL Investments International 10.0% Other institutional investors Free float 39.5% 50.5% 90.0% Retail investors 20
Slide 21: Resilient, cycle-proof revenue performance
GEOSCIENCE Resilient, cycle-proof revenue performance Low historic volatility ($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 22: 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 630 Singapore Brunei Jakarta 510 520
Slide 23: 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 1.4m km² 3D seismic data 17,522 km² OBN 3D seismic data Explore Viridien’s Geostore https://earthlibrary-geostore.viridiengroup.com/#/ 23
Slide 24: Key segment P&L figures
Key segment P&L figures (in millions of $) Q3 2025 Q3 2024 Change (%) 9M 2025 9M 2024 Change (%) €/$ exchange rate 1.16 1.09 +7% 1.11 1.09 +2% Segment revenue 313 246 +27% 888 778 +14% DDE 244 187 +31% 639 548 +17% Geoscience 108 103 +5% 334 296 +13% Earth Data 136 83 +63% 306 252 +21% SMO 69 59 +16
Slide 25: Other KPIs
Other KPIs (in millions of $) Q3 2025 Q3 2024 Change (%) 9M 2025 9M 2024 Change (%) Geoscience backlog 290 245 +19% 290 245 +19% Total capex 54 90 -40% 173 205 -16% Earth Data library net book value 534 499 +7% 534 499 +7% 25
Slide 26: Reconciliation IFRS vs Segment
Reconciliation IFRS vs Segment (in millions of $) Q3 2025 9M 2025 IFRS 15 IFRS 15 Segment IFRS Segment IFRS adjustments adjustments Revenue 313 -46 266 888 -130 758 EBITDAs 167 -46 120 417 -130 287 Adjustments 0 0 Adjusted EBITDAS 167 -46 120 417 -130 287 26
Slide 27: 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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