Business
Viridien : Announces its 2026 First Quarter Results
Viridien : Announces its 2026 First Quarter
About this update from Viridien
Back to Newsroom Viridien Announces its 2026 First Quarter Results Paris, France | May 5, 2026 Solid cash generation and continued deleveraging in a soft market environment Viridien (ISIN: FR001400PVN6), a global technology and high-performance computing (HPC) leader, announced today its first quarter results. Net Cash Flow generation of $26m compared to -$20m in Q1 2025, driven by disciplined cash management and efficient receivables collection Further reduction in Net Debt (excluding IFRS 16) to $702m vs $735m at end-December 2025, with an additional $40.7m repaid in March on the USD-denominated bond tranche Segment revenue of $214m, reflecting a slow start to the year as anticipated, with additional uncertainty stemming from the ongoing conflict in the Middle East, impacting SMO and GEO Profitability reflecting lower revenue, with segment adjusted EBITDAs of $76m FY 2026 guidance for Net Cash Flow generation of $100m, with a seasonal profile similar to 2025, reiterated Sophie Zurquiyah, Chair and CEO of Viridien, said: "As expected, we experienced a soft start to the year, due to increased caution from E&P companies in recent months. The situation in the Middle East added further uncertainty, notably for Sensing & Monitoring and 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 of $100m for the full year 2026, with performance expected to be weighted towards the second half as in 2025." (in millions of $) Q1 2026 Q1 2025 Change (%) Segment figures Revenue 214 301 -29% Adjusted EBITDAs 76 143 -47% IFRS figures Revenue 200 258 -22% EBITDAs 63 99 -36% Operating income 20 56 -65% Net income -10 -28 +65% Net cash flow 26 -20 n.a. Net debt (excl. IFRS16) 702 848 -17% More: Download Full Press Release Download Presentation Q1 2026 financial results conference call The press release and presentation will be made available on www.viridiengroup.com at 5.45 pm (CET) An English-language conference call is scheduled at 6.00 pm (CET) today Participants must register for the conference call by clicking here to receive a dial-in number and PIN code. Participants may also join the live webcast by clicking her...