Slide 1: Q4 2025 Earnings Report
Q4 2025 Earnings Report March 5, 2026
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters Forward-Looking and Cautionary Statements Certain statements contained in this presentation are "forward-looking statements" within the meaning of Section customers in the oil and gas industry and the impact of global energy market volatility; risks related to
Slide 3: Q4 Key Profitability Metrics
Q4 Key Profitability Metrics Overall Metrics (In millions) For the quarter ended December 31 2025 2024 YoY Change Revenue $181.5 $172.7 5.1% Q4 2025 Highlights: North America $146.6 $136.9 7.1% Consolidated Revenue International $36.0 $35.0 3.0% growth of 5.1% Gross Profit Increase of Gross Prof
Slide 4: Q4 Business Environment
Q4 Business Environment Revenue by Industry (In millions) For the quarter ended December 31 Despite fluctuations in the 2025 2024 YoY Change Oil & Gas Industry due to Oil & Gas $91.8 $97.0 (5.4%) project timing, all other industries grew in the 4th Aerospace & Defense $25.2 $20.7 21.7% quarter contr
Slide 5: FY Key Profitability Metrics
FY 25 Key Profitability Metrics Overall Metrics (In millions) For the year ended December 31 2025 2024 YoY Change Revenue $724.0 $729.6 (0.8%) FY 2025 Highlights: North America $584.1 $593.5 (1.6%) Slight revenue increase after International $143.8 $136.0 5.8% excluding $7.0M impact of voluntary l
Slide 6: Strategic Plan Update
Strategic Plan Update NDT Inspection Data Insights & Collection Actions Inline Inspection (ILI) Data Solutions Business Data Analytics Wallet Share Expansion Online o Expanding data analytical solutions within our customer base Monitoring Data o Addressing digital transformation of Oil & Gas Warehou
Slide 7: Strategic Plan Update
Strategic Plan Update Storage Tanks & Pressure Equipment ► Code-compliant internal/external inspections ► Inspection planning ► Corrosion mapping and thickness trending ► Weld integrity ► Post-repair NDE HVAC Systems ► Mechanical integrity of cooling assets ► Thickness surveys on headers ► Inspectio
Slide 8: Strategic Plan Update
Strategic Plan Update Operational Excellence & Continuous Improvement o Leveraging technology to improve utilization and efficiency o Cost controls o Discipline and accountability 8 Copyright © 2026 MISTRAS Group, Inc. All rights reserved.
Slide 9: Key Consolidated Income Statement Metrics
Key Consolidated Income Statement Metrics For the year ended December 31 (In millions) 2025 2024 YoY Revenue $724.0 $729.6 (0.8%) Gross Profit $204.5 $192.2 6.4% 2025 Highlights: Gross Profit Margin 28.2% 26.3% 190 bps Selling, General & Admin Expenses $139.9 $135.5 3.2% Gross Profit Margin Increa
Slide 10: Key Cash Flow and Debt Balances
Key Cash Flow and Debt Balances For the quarter ended December 31 For the year ended December 31 Cash Flow (In millions) 2025 2024 2025 2024 Net cash provided by operating $32.1 $25.7 $33.0 $50.1 activities (GAAP) Q4 2025 Highlights: Less: Capital Expenditures ($7.5) ($4.8) ($29.2) ($23.0) Free Cash
Slide 11: Management Imperatives Towards Long Term Value Creation
Management Imperatives Towards Long Term Value Creation Increasing Capital Expenditures Expansion of Operating Expenditures o Expands capacity and increases throughput o Leveraging technology to improve sales conversion o Targeted spending towards existing demand o Scaling proprietary technology o U
Slide 12: 2026 Full Year Outlook
2026 Full Year Outlook Revenue Guide Adj. EBITDA Guide $730 - $750 $91 - $93 (In millions) (In millions) Our intent for 2026 is to protect the earnings base while expanding long-term shareholder return 12 Copyright © 2026 MISTRAS Group, Inc. All rights reserved.
Slide 13: Q4 2025 Earnings Report
Q4 2025 Earnings Report March 5, 2026