Technip Energies Full Year 2025 Financial Results

About this update from Technip Energies Nv

TECHNIP ENERGIES FY 2025 FINANCIAL RESULTS A successful year of delivery; trending ahead of medium-term outlook Paris, Thursday, February 26, 2026. Technip Energies (the “ Company ”), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, today announces its unaudited financial results for full year 2025. Arnaud Pieton, Chief Executive Officer of Technip Energies, commented: “2025 was another successful year for Technip Energies (T.EN), marked by strong execution and excellent results. I am delighted to report that we set new benchmarks for revenue and EBITDA with high free cashflow generation, demonstrating the commitment and expertise of our teams worldwide. Both of our business segments delivered year-over-year growth in EBITDA, with a robust Project Delivery performance, and solid margin growth in Technology, Products & Services (TPS) to above 14%.” “Reflecting the strength of these results and our solid business outlook, we propose an 18% annual dividend increase and a €150 million share buyback program to be carried out this year. We are also initiating 2026 guidance , anticipating further year-over-year gr owth in revenue and EBITDA, and we are trending comfortably ahead in establishing T.EN as an €800m-plus EBITDA company, an ambition we first declared at our 2024 Capital Markets Day.” “During the year, we continued to position T.EN for mega-projects that are expected to materialize in 2026, including LNG developments in the US, Africa and the Middle East. This is evidenced by the recently signed award for the NFW project in Qatar, building on our successful collaboration on the Qatar NFE and NFS projects. Our strength in enhanced replication is further illustrated by our progression on Coral Norte Floating LNG in Mozambique. Moreover, commercial momentum is improving for our technology and products offerings, with near-term awards anticipated in ethylene and hydrogen.” “We also reached a defining milestone on our 2025 sustainability journey, with meaningful achievements on safety, technology & innovation, and emissions reduction, reaffirming our industry leadership. Furthermore, we are launching our 2030 sustainability scorecard and roadmap which sets ambitious targets focused on innovation, empowerment and delivery.” “2025 was further distinguished with the completion of our first major acquisition of Advanced Materials & Catalysts (AM&C). This transaction is aligned with our disciplined capital allocation strategy to enhance our Technology and Products offering, extending T.EN’s capabilities across materials science and the catalyst value chain. The addition of AM&C is immediately financially accretive and provides a strong platform to unlock further value for our stakeholders.” “We have entered 2026 in robust financial health with a strengthening backlog and net cash of around €1 billion . Our capital deployment priorities remain centered on dividend growth and value-accretive investments to enhance the quality of our earnings. Looking ahead, our commercial pipeline remains rich and we expect to achieve our highest-ever annual order intake in 2026 . The long-term growth outlook for our core markets remains compelling with natural gas and circularity being critical to power and decarbonize the planet. Technip Energies is ideally positioned to engineer this world designed to last.” Key financials – adjusted IFRS                                                                           Key financials – IFRS                                                                           2026 full company guidance – adjusted IFRS Conference call information Technip Energies will host its FY 2025 results conference call and webcast on Thursday, February 26, 2026 at 13:00 CET. Dial-in details: France:                         +33 1 70 91 87 04 United Kingdom:         +44 121 281 8004 United States:                 +1 718 7058796 Conference Code:         880901 The event will be webcast simultaneously and can be accessed at: T.EN FY 2025 Results Webcast Contacts Investor Relations Phillip Lindsay Vice President, Investor Relations Tel: +44 20 7585 5051 Email: [email protected] Media Relations Jason Hyonne Manager, Press Relations & Social Media Tel: +33 1 47 78 22 89 Email: [email protected]                                                                           Operational and financial review Order intake, backlog and backlog scheduling Adjusted order intake for FY 2025 amounted to €4,636 million, equivalent to a book-to-bill of 0.6. Adjusted order intake announced during the fourth quarter of 2025 included a large 1 authorization from Commonwealth LNG for purchase orders of key equipment for its 9.5 Mtpa LNG facility in the United States, a detailed engineering contract 2 for PTTEP’s Arthit Carbon Capture and Storage facilities project in the Gulf of Thailand, a contract 2 to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO 2 transport and storage project in Norway, as well as other studies, services contracts and smaller projects. For reference, commercial highlights for the first nine months of 2025 are included here: T.EN 9M 2025 financial results. 1 A “large” award for Technip Energies is a contract award representing between €250 million and €500 million of revenue. The full award is pending Final Investment Decision (FID) and will therefore not be included in Technip Energies’ backlog until full notice to proceed is received. 2 This award was recorded in Q3 2025 in the Technology, Products & Services segment.                                                                           Including the impact of foreign exchange, adjusted backlog decreased by 18% to €16.0 billion compared to December 31, 2024, equivalent to 2.2x FY 2025 adjusted revenue.                                                                           The table below provides estimated backlog scheduling as of December 31, 2025.                                                                           Company financial performance Adjusted statement of income                                                                           Business highlights Project Delivery – adjusted IFRS                                                                           FY 2025 Adjusted revenue increased by 10% year-over-year to €5,366.3 million, resulting from project activity growth in LNG, decarbonization and offshore contracts. FY 2025 Adjusted recurring EBITDA increased by 7% year-over-year to €432.4 million and FY 2025 Adjusted recurring EBIT increased by 5% year-over-year to €373.2 million. FY 2025 Adjusted recurring EBITDA margin decreased year-over-year by 20 bps to 8.1% and Adjusted recurring EBIT margin decreased year-over-year by 30 bps to 7.0%. Project Delivery margins demonstrated resilience to a re-balancing in the project portfolio, with a larger share of early-stage projects with limited margin contribution. Q4 2025 Key operational milestones QatarEnergy North Field Expansion (Qatar) QatarEnergy North Field South (Qatar) Marsa LNG (Oman) GranMorgu FPSO (Suriname) Kedah Melamine Plant (Malaysia) Q4 2025 Key commercial and strategic highlights Technip Energies awarded a large authorization by Commonwealth LNG for key equipment purchase orders 1 A “large” award for Technip Energies is a contract award representing between €250 million and €500 million of revenue. This full award is pending Final Investment Decision (FID) and will therefore not be included in Technip Energies’ backlog until full notice to proceed is received. Technology, Products & Services (TPS) – adjusted IFRS                                                                           FY 2025 Adjusted revenue decreased year-over-year by 9% to €1,820.2 million, resulting from reduced contribution from technology licensing and proprietary equipment in energy derivatives projects, partially offset by strong volumes in consultancy, engineering services and studies, and ramp-up of activity in the assembly of carbon capture proprietary products. Revenue was also adversely impacted by foreign exchange movements. FY 2025 Adjusted recurring EBITDA increased year-over-year by 1% to €260.4 million and Adjusted recurring EBIT increased year-over-year by 2% to €196.4 million. FY 2025 Adjusted recurring EBITDA margin increased by 140 bps to 14.3% and Adjusted recurring EBIT margin increased by 120 bps to 10.8%. Year-over-year margin expansion was achieved despite the contraction in revenues, benefiting from delivery milestones on proprietary products, catalyst supply, and Project Management Consultancy (PMC). Q4 2025 Key ope rational milestones Freedom Pines Biorefinery (USA) AM Green Kakinada Project (India) - Rely Basra Refinery - PMC (Iraq) bp Net Zero Teesside Power Project (UK) Q4 2025 Key commercial and strategic highlights Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business Technip Energies awarded detailed engineering contract for Thailand’s first Carbon Capture and Storage project This award was recorded in Q3 2025 in the Technology, Products & Services segment. Technip Energies Loading Systems has been awarded a contract to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO 2 transport and storage project in Øygarden, Norway. This award was recorded in Q3 2025 in the Technology, Products & Services segment. Verso Energy awards FEED contract to Rely for the DEZiR project Rely secures engineering studies contract with H4 Marseille Fos for European Green Aviation Fuel Hub Corporate and other items - adjusted IFRS Corporate costs, excluding non-recurring items, were €54.9 million for the full year 2025 and in line with the Company guidance range of €50 - 60 million. Corporate costs included the impact of the share price increase and supplemental French social charges on long-term incentive plans that notably affected the first half of 2025. Non-recurring expense amounted to €80.7 million. This includes costs incurred relating to investment in adjacent business models, particularly for Reju, merger & acquisition activity, including the Advanced Materials & Catalysts (AM&C) transaction, as well as other strategic initiatives, and restructuring costs. Net financial income of €88.6 million benefited from interest income generated from cash and cash equivalents, partially offset by the cost of debt, lease expenses and pension costs. The lower trend relative to full year 2024 net financial income reflects the gradual reduction in global interest rates. Effective tax rate was 29.7% for the full year 2025, consistent with the 2025 guidance range of 26%-30%. Depreciation and amortization expense was €123.2 million, of which €78.5 million is related to IFRS 16. Gross cash at December 31, 2025 was €3.8 billion, which compares to €4.1 billion at December 31, 2024. Gross debt was €1.0 billion at December 31, 2025, and has increased relative to the position at December 31, 2024 as the Company utilized short-term debt instruments to partially finance the transaction of AM&C. Free cash flow was €519.3 million for the full year 2025. Free cash flow, excluding the working capital and provisions variance of €22.3 million, was €497.0 million, benefiting from strong operational performance and consistently high conversion from recurring EBITDA of 78% (conversion from recurring EBIT was 97%). Free cash flow is stated after capital expenditures of €89.0 million. The higher capital expenditures year-over-year reflect investments for the ongoing expansion of Technip Energies’ Dahej facility in India, as well as the continued modernization of other facilities and laboratories. Operating cash flow was €608.3 million. Liquidity - adjusted IFRS Liquidity of €4.6 billion at December 31, 2025 comprised of €3.8 billion of cash and €750 million of liquidity provided by the Company’s undrawn Revolving Credit Facility (RCF). On December 31, 2025, S&P Global Ratings re-affirmed its ‘BBB’ long-term issuer credit rating on Technip Energies, with a stable outlook. Capital allocation and shareholder returns The strength of the Company’s balance sheet, with ~€1.0 billion net cash, adjusted for project-associated cash, coupled with sustainable free cash flow generation, underpins Technip Energies’ commitment to a disciplined and effective capital allocation that prioritizes shareholder returns and accretive investments while maintaining its investment grade balance sheet. The Company’s priorities are: Subject to investment opportunities and market conditions, supplemental shareholder returns will be considered, including share buybacks. In line with the Company’s dividend policy, the Board of Directors will propose at the Annual Shareholder Meeting on May 5, 2026 the distribution of a cash dividend of €1.00 per share for the 2025 financial year. If payment of the cash dividend is approved by the shareholders, the ex-dividend date will be May 18, 2026, the record date for the dividend will be May 19, 2026, and the dividend will be paid on May 20, 2026. In addition to the dividend, based on T.EN’s strong FY 2025 financial performance and underlining the Board’s confidence in the Company’s outlook, on February 26, 2026, Technip Energies announced its intention to implement a share buyback program in 2026 of up to €150 million, with up to €120 million to be used to purchase common shares for cancellation and up to €30 million to be used to fulfill the Company's obligations under equity compensation plans. The maximum number of shares that could be acquired under the share buyback program is 5.0 million shares. Sustainability roadmap and scorecard Sustainability sits at the heart of Technip Energies’ purpose and values, shaping every decision and driving value creation throughout the organisation. Since its inception in 2021, Technip Energies has demonstrated a steadfast commitment to advancing sustainability, consistently enhancing performance across all dimensions. In 2025, Technip Energies achieved a 46% reduction in scope 1 and 2 emissions compared to its 2021 baseline, it surpassed its avoided emissions target, reaching 15.6 MtCO₂eq, and solidified its position as a leader in decarbonization through commercial successes and flagship projects currently under execution. Furthermore, the Company deepened supply chain engagement, with 72 supplier and subcontractor companies actively participating in its Sustainability Councils. Innovation remained central to progress, enabled by strategic partnerships, robust R&D investment, and the creation of a catalogue of 69 decarbonization and sustainability solutions. Progress extended beyond environmental metrics: gender diversity improved, with women now constituting 33% of the workforce; employee upskilling with an average of 31 learning hours each; and more than 124,700 volunteering hours have impacted over 949,000 beneficiaries globally since 2021. Collectively, these milestones highlight Technip Energies’ ability to turn its sustainability ambitions into measurable results throughout its worldwide operations. Evolve: a transformational sustainability program Looking ahead, Technip Energies is charting its course for the future with Evolve - a comprehensive sustainability program designed to accelerate transformation and deliver enduring value. With clear objectives and an ambitious roadmap, Evolve unites employees, clients, suppliers, and partners around a shared vision: building a more sustainable and resilient future. Through Evolve, Technip Energies has embedded business-driven ambitions within its 2030 sustainability scorecard, structured around three strategic drivers: Evolve represents a pivotal milestone in Technip Energies’ sustainability journey, strengthening its identity and reaffirming the vital role that sustainability plays in creating lasting value both within the Company and in the broader community. Forward-looking statements This press release contains forward-looking statements that reflect Technip Energies’ (the “ Company ”) intentions, beliefs or current expectations and projections about the Company’s future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company’s current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates. All of the Company’s forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company’s control, and assumptions that could cause actual results to differ materially from the Company’s historical experience and the Company’s present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see the Company’s risk factors set forth in the Company’s 2024 Annual Financial Report filed on March 10, 2025, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF) and in the Company’s 2025 Half-Year Report filed on July 31, 2025 with the AFM and the AMF, which include a discussion of factors that could affect the Company’s future performance and the markets in which the Company operates. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. APPENDIX APPENDIX 1.0: ADJUSTED STATEMENT OF INCOME - FULL YEAR 2025                                                                           APPENDIX 1.1: ADJUSTED STATEMENT OF INCOME - FOURTH QUARTER 2025                                                                           APPENDIX 1.2: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2025                                                                           APPENDIX 1.3: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2024                                                                           APPENDIX 1.4: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FOURTH QUARTER 2025                                                                           APPENDIX 1.5: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FOURTH QUARTER 2024                                                                           APPENDIX 2.0: ADJUSTED STATEMENT OF FINANCIAL POSITION                                                                           APPENDIX 2.1: STATEMENT OF FINANCIAL POSITION - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2025                                                                           APPENDIX 2.2: STATEMENT OF FINANCIAL POSITION - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2024                                                                           APPENDIX 3.0: ADJUSTED STATEMENT OF CASH FLOWS                                                                                    APPENDIX 3.1: STATEMENT OF CASH FLOWS - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2025                                                                           APPENDIX 3.2: STATEMENT OF CASH FLOWS - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FULL YEAR 2024                                                                           APPENDIX 4.0: ADJUSTED ALTERNATIVE PERFORMANCE MEASURES - FULL YEAR 2025                                                                           APPENDIX 4.1: ADJUSTED ALTERNATIVE PERFORMANCE MEASURES - FOURTH QUARTER 2025                                                                           APPENDIX 5.0: ADJUSTED RECURRING EBIT AND EBITDA RECONCILIATION - FULL YEAR 2025                                                                           APPENDIX 5.1: ADJUSTED RECURRING EBIT AND EBITDA RECONCILIATION - FOURTH QUARTER 2025                                                                           APPENDIX 6.0: BACKLOG - RECONCILIATION BETWEEN IFRS AND ADJUSTED                                                                           APPENDIX 7.0: ORDER INTAKE - RECONCILIATION BETWEEN IFRS AND ADJUSTED                                                                           APPENDIX 8.0: Definition of Alternative Performance Measures (APMs) Certain parts of this Press Release contain the following non-IFRS financial measures: Adjusted Revenue, Adjusted Recurring EBIT, Adjusted Recurring EBITDA, Adjusted net (debt) cash, Adjusted Backlog, and Adjusted Order Intake, which are not recognized as measures of financial performance or liquidity under IFRS and which the Company considers to be APMs. APMs should not be considered an alternative to, or more meaningful than, the equivalent measures as determined in accordance with IFRS or as an indicator of the Company’s operating performance or liquidity. Each of the APMs is defined below: • Contacts Investor Relations Phillip Lindsay Vice President, Investor Relations Tel: +44 20 7585 5051 Email: [email protected] Media Relations Jason Hyonne Manager, Press Relations & Social Media Tel: +33 1 47 78 22 89 Email: [email protected] Attachment

View stock analysis, news, and events for Technip Energies Nv