Gaztransport & Technigaz S.A. (GZPZY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the conference call operator. Welcome and thank you for joining the GTT third quarter 2025 activity update conference call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Anyone who wishes to ask a question may press star and one on their touch-tone telephones. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Philippe Bertheautier, Chairman of the Board and CEO of GTT. Please go ahead, sir. Good morning, everybody. I'm very pleased to present to you the Q3 2025 Activity Update. I am with Thierry Ochoa, the CFO of the GTT Group and with the entire investment relation team. Well, your 20-25 first nine months have been quite impressive. First of all, the fundamentals are excellent with 84 million tonnes per annum already decided. The revenue are approaching 600 million euros on the first nine months, which represents an increase of 29% compared to last year. We obtained fairly diverse orders with energy carriers, FN Energy, Energy as a Food. All that led us to upgrade our 2025 outlook when we include Danelec. On key highlights, we introduced a new technology for energy as a fuel that we named Cubic. We obtained approval in principle from Bureau Veritas. We completed the acquisition of Danelec, and we obtained a quite large contract from the Chinese shipyard for 24 energy carriers. We continue our innovation efforts with the new partnership with Bloom Energy and Pono Exploration Group on a new system for zero-emission ships. And we obtained a contractor for an electrolyzer in Slovakia for one megawatt. If we look at our order b...