Slide 1: Q4 2025 Earnings Presentation
Q4 2025 Earnings Presentation February 19, 2026 © 2025 TechnipFMC. All rights reserved. The information contained in this document is company confidential and proprietary property of TechnipFMC and its affiliates. It is to be used only for the benefit of TechnipFMC and may not be distributed, transm
Slide 2: Disclaimer
Disclaimer Forward-looking statements This communication contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relat
Slide 3: Operational highlights and financial results
Operational highlights and financial results
Slide 4: 2025 – Another major milestone for TechnipFMC
2025 – Another major milestone for TechnipFMC Total Company inbound of $11.2 billion; Subsea orders of $10.1 billion – book-to-bill of 1.2x Commercial Direct awards, iEPCI , and Subsea Services accounted for > 80% of total Subsea inbound success Total Company backlog of $16.6 billion increased
Slide 5: Q4 2025 Highlights
Q4 2025 Highlights • Total Company inbound of $2.6 billion; Subsea orders of $2.3 billion, representing a book-to-bill of 1.1 • Subsea Opportunities List highlights record opportunity set over the next 24 months; approximately $29 billion for potential award when using the midpoint of project values
Slide 6: Q4 2025 Segment results
Q4 2025 Segment results Subsea • Revenue decreased 5% sequentially, primarily due to lower activity in the North Sea and Latin America, offset in part by higher activity in Asia Pacific. • Adjusted EBITDA of $416 million decreased 18% sequentially, primarily driven by seasonally lower vessel-based a
Slide 7: 2026 Full-year financial guidance
1 2026 Full-year financial guidance As of February 19, 2026 Subsea Corporate and Other • Revenue in a range of $9.2 – 9.6 billion • Corporate expense, net $115 – 125 million (excludes charges and credits) • Adjusted EBITDA margin in a range of 21 – 22% • Net interest expense $10 – 20 million Surface
Slide 8: Subsea opportunities over next 24 months
Subsea opportunities over next 24 months* Project values $250m to $500m $500m to $1,000m Above $1,000m Vår Energi Equinor Cenovus Gjøa Nord/Ofelia Ringvei Vest North White Rose Ext. Adura Equinor LLOG Puffin Heidrun Extension Who Dat Ithaca bp Tornado Kaskida – West Bump Eni Shell Northern Hub Leopa
Slide 9: Q4 2025 Updates – Subsea opportunities
Q4 2025 Updates – Subsea opportunities Project values $250m to $500m $500m to $1,000m Above $1,000m Projects added Projects removed Projects with revised scope Subsea opportunities in the next 24 months Combined value, in billions* LLOG bp Vår Energi $29.0 Who Dat Tiber Gjøa Nord/Ofelia $30 $27.8 $2
Slide 10: Q4 2025 Cash flow and net cash
Q4 2025 Cash flow and net cash Free cash flow $359M (in $ millions) (95) Net Cash (In millions, unaudited) (188) December 31, 454 2025 (16) Cash and cash equivalents $ 1,032 Short-term debt and current portion of long-term debt (34) Long-term debt, less current portion (396) 1,032 Net cash $ 602 877
Slide 11: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of December 31, 2025 as of December 31, 2025 2028+ 2026 $5.5B 2027+ $6.0B $296M $15.9 $700 billion million 2026 $404M 2027 $4.4B 1 Backlog does not capture all revenue potential for Subsea Services 11
Slide 12: Appendix
Appendix
Slide 13: Glossary
Glossary Term Definition Term Definition CCS Carbon capture and storage iFEED® integrated Front-End Engineering and Design CTO Configure-to-Order iLOF integrated Life of Field ESG Environmental, social, and governance LNG Liquefied natural gas FID Final investment decision MMb/d Million barrels per
Slide 14: Non-GAAP financial measures
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 6 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data, unaudited) In addition to financial results determined in accordance with U.S. generally accepted accounting principles (GAAP), the third quarter 2025 Ear
Slide 15: Net income attributable to TechnipFMC plc
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, December 31, 2025 2025 2024 2025 2024 Net income attributable to TechnipFMC plc $ 2
Slide 16: Three Months Ended December 31, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2025 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,194.2 $ 322.8 $ — $ — $ 2,517.0 Operating p
Slide 17: Three Months Ended September 30, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended September 30, 2025 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,319.2 $ 328.1 $ — $ — $ 2,647.3 Operating
Slide 18: Three Months Ended December 31, 2024
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2024 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,047.9 $ 319.4 $ — $ — $ 2,367.3 Operating p
Slide 19: Year Ended December 31, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Year Ended December 31, 2025 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 8,665.9 $ 1,266.7 $ — $ — $ 9,932.6 Operating profit
Slide 20: Year Ended December 31, 2024
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Year Ended December 31, 2024 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 7,819.9 $ 1,263.4 $ — $ — $ 9,083.3 Operating profit
Slide 21: Cash and cash equivalents and net cash
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) December 31, December 31, 2025 September 30, 2025 2024 Cash and cash equivalents $ 1,031.9 $ 876.6 $ 1,157.7 Short-term debt and current portion of long-term debt (3
Slide 22: Free cash flow reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 11 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, Year Ended December 31, 2025 2025 2024 Cash provided by operating activities $ 453.6 $ 1,764.6 $ 961.0 Capital expenditures (94.5) (3
Slide 23: TechnipFMC
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