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Viridien : 2026 Q1 Quarterly Report (viridien quarterly report Q1 2026)
Viridien : 2026 Q1 Quarterly Report (viridien quarterly report Q1
About this update from Viridien
27, avenue Carnot91300 Massy FranceCondensed Interim Financial ReportFirst quarter 2026 ResultsMarch 31, 2026TABLE OF CONTENTSOPERATING AND FINANCIEL REVIEW 32026 1Q OPERATING RESULTS 3CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 10CONDENSED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS 10CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) 11CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION 12CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS 13CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 15NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 16OPERATING AND FINANCIEL REVIEW 2026 1Q OPERATING RESULTSPARIS, France – March 31, 2025 – VIRIDIEN (ISIN: FR001400PVN6), a world leader in Geoscience, announced today its first quarter 2026 results.Sophie Zurquiyah, Chair and Chief Executive Officer of VIRIDIEN, commented:Sophie Zurquiyah, Chair and CEO of Viridien: “As expected, we experienced a softer start to the year, reflecting increased caution from E&Ps in recent months. The situation in the Middle East added further volatility, with some deliveries in the region postponed at Sensing & Monitoring, as well as delayed project sanctioning at Geoscience. In this context, we delivered solid cash generation, underscoring the strength of our asset-light model and disciplined cash management. We also continued to deleverage, allocating an additional $41m to bond repayment, reducing net debt to around $700m. We reiterate our Net Cash Flow objective for the full year 2026, with performance expected to be more weighted towards the second half as in 2025.”Results of operationsFinancial information is presented under IFRS standards, some sections of this report contain non-IFRS financial measures such as EBITDAs and Net Cash Flow which are fully described in the glossary of the 2025 annual consolidated financial statements.This operating and financial review and prospects should be read in conjunction with our consolidated interim financial state ments and the notes thereto.Our significant accounting policies are fully described in note 1 of our 2025 consolidated annual financial statements.Statement of incomeQ1 - Three months ended March 31,2026 2025 % ChangeSegment FiguresAs ReportedSegment FiguresAs ReportedSegment FiguresAs ReportedDDE Revenues152.8139.4214.0170.4(29%)(18%)SMO Revenues6...