TECHNIP ENERGIES Q1 2026 FINANCIAL RESULTS

About this update from Technip Energies Nv

TECHNIP ENERGIES Q1 2026 FINANCIAL RESULTS Managing the near-term; Strengthening long-term fundamentals Paris, Thursday, April 30, 2026. Technip Energies (the “ Company ”), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, today announces its unaudited financial results for the first quarter of 2026. Arnaud Pieton, Chief Executive Officer of Technip Energies, commented: “Our first quarter performance demonstrates our resilience in the face of significant operational disruptions stemming from the Middle East conflict. Despite these challenges, and thanks to the adaptability and determination of our teams, Technip Energies (T.EN) delivered solid revenues and EBITDA, and generated strong free cash flows.” “We achieved considerable commercial success in the first quarter with more than €6 billion of awards that surpassed our total order intake for the whole of 2025. These wins reinforce our leadership in LNG and Sustainable Aviation Fuels, while materially strengthening our backlog to a new high of more than €20 billion. This provides Technip Energies with excellent visibility for the coming years and reinforces our medium-term growth outlook.” “We stand in solidarity with all those affected by the conflict in the Middle East. From the outset, we implemented a comprehensive crisis management framework to safeguard our global workforce and protect our contractual positions. Some of our worksites experienced temporary stoppages, followed by phased resumptions under enhanced safety protocols, working at all times in coordination with authorities and customers. Currently, our sites are nearing full mobilization.” “While the situation in the Middle East remains fluid, we see two main channels of impact on our business. First, project execution, where progress has been affected by site disruptions and logistical challenges, deferring revenue into later periods. Second, incremental costs are being incurred for safety and business continuity. While we expect cost recovery through strong contractual protections, the exact timing and extent is dependent upon the evolution of the conflict and the outcome of commercial discussions. For these reasons, and assuming the situation in the Middle East normalizes by the end of the second quarter, we estimate that around €500-600 million in revenue will be deferred beyond 2026, while the impact on project margins should be substantially mitigated.” “A global supply shock of this scale underscores the need for higher investment. National sovereignty agendas call for development of additional capacity and greater diversification – both geographically and across energy sources. It also demonstrates the importance of circularity in addressing local supply certainty. In this environment, Technip Energies has a critical role to play in advancing energy security and decarbonization. Supported by the continued execution of our strategy, our financial strength, and our global presence, Technip Energies is exceptionally well positioned to navigate the current uncertainty and to thrive in the years ahead.” Key financials – adjusted IFRS                                                                           Key financials – IFRS                                                                           New conditional 2026 segment guidance – adjusted IFRS Conference call information Technip Energies will host its Q1 2026 results conference call and webcast on Thursday, April 30, 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 Q1 2026 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 Q1 2026 amounted to €6,049 million, equivalent to a book-to-bill of 3.4. Adjusted order intake announced during the first quarter of 2026 included a major 1 contract for the North Field West project by QatarEnergy, a substantial 2 contract for SkyNRG’s Sustainable Aviation Fuel project in the Netherlands, a significant contract to progress Coral Norte Floating LNG project in Mozambique, a substantial 2 authorization to advance Commonwealth LNG in the US, as well as other studies, services contracts and smaller projects. 1 A “major” award for Technip Energies is a contract award representing above €1 billion of revenue. 2 A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue.                                                                           Adjusted backlog increased by 27% to €20.2 billion compared to December 31, 2025, equivalent to 2.8x FY 2025 adjusted revenue.                                                                           The table below provides estimated backlog scheduling as of March 31, 2026. Company financial performance Adjusted statement of income                                                                           Business highlights Project Delivery – adjusted IFRS                                                                           Q1 2026 Adjusted revenue decreased by 4% year-over-year to €1,341.1 million. The planned activity growth on LNG and decarbonization projects in the United States and Europe, was more than offset by foreign exchange evolution, particularly the strengthening of the Euro versus the US dollar, and the conflict in the Middle East where logistical challenges and site disruptions impacted progress. Q1 2026 Adjusted recurring EBITDA decreased by 18% year-over-year to €93.8 million and Q1 2026 Adjusted recurring EBIT decreased by 24% year-over-year to €76.6 million. Q1 2026 Adjusted recurring EBITDA margin decreased year-over-year by 110 bps to 7.0% and Adjusted recurring EBIT margin decreased year-over-year by 150 bps to 5.7%. The lower year-over-year margins principally reflect incremental costs incurred for safety and business continuity. While cost recovery is expected through strong contractual protections, the exact timing and extent is dependent upon the evolution of the conflict and the outcome of commercial discussions. Outside of the Middle East, the portfolio performance is as per plan. Q1 2026 Key operational milestones QatarEnergy North Field Expansion (Qatar) QatarEnergy North Field South (Qatar) Marsa LNG (Oman) Ruwais LNG (UAE) Commonwealth LNG (US) Coral Norte (Mozambique) Assiut Hydrocracking Complex (Egypt) bp Net Zero Teesside Power Project (UK) Q1 2026 Key commercial and strategic highlights Technip Energies awarded a major LNG contract for the North Field West project by QatarEnergy 1 A “major” award for Technip Energies is a contract award representing above €1 billion of revenue. Technip Energies awarded a substantial authorization to advance Commonwealth LNG project ahead of Final Investment Decision 1 A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue. 2 The full contract value is expected to be booked in Technip Energies' backlog upon Final Investment Decision (FID). Technip Energies awarded a substantial contract for SkyNRG’s Sustainable Aviation Fuel project in the Netherlands 1 A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue. This award was recorded in Q1 2026 in the Project Delivery and Technology, Products & Services segments. Technip Energies awarded a significant contract for the Coral Norte floating LNG project in Mozambique Technology, Products & Services (TPS) – adjusted IFRS                                                                           Q1 2026 Adjusted revenue decreased year-over-year by 2% to €440.9 million, resulting from adverse foreign exchange and a reduced contribution from technology licensing and proprietary equipment in energy derivatives projects, largely offset by high activity in the assembly of carbon capture proprietary products, a first revenue contribution from AM&C, and strong volumes in consultancy, engineering services and studies. Q1 2026 Adjusted recurring EBITDA increased year-over-year by 4% to €67.6 million and Adjusted recurring EBIT decreased year-over-year by 4% to €46.0 million. Q1 2026 Adjusted recurring EBITDA margin increased by 80 bps to 15.3% and Adjusted recurring EBIT margin decreased by 20 bps to 10.4%. Year-over-year margin expansion was achieved despite the slight contraction in revenues, benefiting from delivery milestones on proprietary products, strong Project Management Consultancy (PMC) volumes, and the inclusion of AM&C. Q1 2026 Key ope rational milestones Waste-to-methanol Ecoplanta project (Portugal) GALP Green Hydrogen Unit (Portugal) GALP HVO Unit (Portugal) Numaligarh refinery expansion (India) Q1 2026 Key commercial and strategic highlights Technip Energies awarded two FEED contracts by SOGARA for refinery complex in Gabon Technip Energies invests in Verso Energy's DEZiR project, a synthetic aviation fuel ("eSAF") plant in Rouen Technip Energies awarded contract to supply proprietary reformer technology in Africa Q1 2026 Other key highlights Reju Secures €135 Million in Dutch NIKI Funding for Industrial-Scale Textile-to-Textile Regeneration Hub at Chemelot Industrial Park, the Netherlands Technip Energies announces the appointment of Jesse Stanley as President, Technologies & Products, and the new composition of its Executive Committee Technip Energies announces that John O’Higgins and Luc Rémont are to be nominated for appointment to its Board of Directors Corporate and other items - adjusted IFRS Corporate costs, excluding non-recurring items, were €12.7 million for the first quarter of 2026 and consistent with the Company’s guidance range of €50 - 60 million. Non-recurring expense amounted to €14.8 million. This includes costs incurred relating to investment in adjacent business models, particularly for Reju, as well as other strategic initiatives, and restructuring costs. Net financial income of €21.3 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 first quarter 2025 reflects the gradual reduction in global interest rates. Effective tax rate was 28.3% for Q1 2026, consistent with the 2026 guidance range of 26%-30%. Depreciation and amortization expense was €38.8 million, of which €20.0 million is related to IFRS 16. Gross cash at March 31, 2026 was €4.2 billion, which compares to €3.8 billion at December 31, 2025. Gross debt was €0.9 billion at March 31, 2026, and has reduced relative to the position at December 31, 2025 as the Company retired commercial paper towards a more normalized level following the transaction of AM&C in the fourth quarter of 2025. Free cash flow was €405.0 million for the first quarter 2026. Free cash flow, excluding the working capital and provisions variance of €272.9 million, was €132.1 million, benefiting from strong operational performance and consistently high conversion from recurring EBITDA of 89% (conversion from recurring EBIT was 120%). Free cash flow is stated after net capital expenditures of €4.3 million. Operating cash flow was €409.3 million. Liquidity - adjusted IFRS Liquidity of €4.9 billion at March 31, 2026 comprised of €4.2 billion of cash and €750 million of liquidity provided by the Company’s undrawn Revolving Credit Facility (RCF). 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 2025 Annual Financial Report filed on March 10, 2026, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF), which includes 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 - FIRST QUARTER 2026                                                                           APPENDIX 1.2: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2026                                                                           APPENDIX 1.3: STATEMENT OF INCOME - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2025                                                                           APPENDIX 2.0: ADJUSTED STATEMENT OF FINANCIAL POSITION                                                                           APPENDIX 2.1: STATEMENT OF FINANCIAL POSITION - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2026                                                                           APPENDIX 2.2: STATEMENT OF FINANCIAL POSITION - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2025                                                                           APPENDIX 3.0: ADJUSTED STATEMENT OF CASH FLOWS                                                                                    APPENDIX 3.1: STATEMENT OF CASH FLOWS - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2026                                                                           APPENDIX 3.2: STATEMENT OF CASH FLOWS - RECONCILIATION BETWEEN IFRS AND ADJUSTED - FIRST QUARTER 2025                                                                           APPENDIX 4.0: ADJUSTED ALTERNATIVE PERFORMANCE MEASURES - FIRST QUARTER 2026                                                                           APPENDIX 5.0: ADJUSTED RECURRING EBIT AND EBITDA RECONCILIATION - FIRST QUARTER 2026                                                                           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

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