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Viridien : Announces its Q2 and H1 2026 Results
Viridien : Announces its Q2 and H1 2026
About this update from Viridien
Back to Newsroom Viridien Announces its Q2 and H1 2026 Results Paris, France | Jul 30, 2026 2026 second-quarter results Improving commercial momentum, amid ongoing geopolitical uncertainty Viridien (ISIN: FR001400PVN6), an advanced technology, digital and Earth data company , announced today its second quarter results. Positive Net Cash Flow of $6m in Q2, bringing the H1 2026 cumulative figure to $32m vs $10m in H1 2025, driven by management actions and the greater flexibility provided by Viridien's asset-light business model Continued reduction in Net Debt (excluding IFRS 16) to $692m at end-June 2026, vs $856m one year earlier GEO backlog of $306m at end-June 2026, up +19% vs end-December 2025, supported by improving commercial momentum Segment revenue of $232m, impacted by the ongoing conflict in the Middle East, primarily at SMO Segment adjusted EBITDAs of $92m, reflecting lower activity levels, with reinforced cost discipline at SMO FY 2026 objective of generating $100m in Net Cash Flow maintained, despite continued market uncertainty Henning Berg, Chief Executive Officer of Viridien, said: " Our Q2 results reflect the continued impact of a complex geopolitical environment on our market, particularly on Sensing & Monitoring activity. Against this backdrop, we generated positive Net Cash Flow including the coupon payment made in April and continued to strengthen our balance sheet. Geoscience also recorded strong order intake during the quarter, providing solid foundation for the coming periods. Overall, commercial momentum is improving, with E&P companies accelerating to secure more acreage. We expect this to translate progressively into additional revenue for Viridien, leveraging our unique competitive positioning " (in millions of $) Q2 2026 Q2 2025 Change (%) H1 2026 H1 2025 Change (%) Segment figures Revenue 232 274 -15% 446 575 -22% Adjusted EBITDAs 92 107 -14% 168 250 -33% IFRS figures Revenue 336 234 +43% 536 492 +9% EBITDAs 186 68 +174% 249 167 +49% Operating income -7 15 n.a. 13 71 -82% Net income -26 6 n.a. -36 -22 +64% Net cash flow 6 30 -79% 32 10 +233% Net debt (excluding IFRS 16) 692 856 -19% 692 856 -19% More: Download Full Press Release Download Presentation Q2 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) on the same day 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 here . A replay of the conference call will also be available, for a period of 12 months, on the Company's website www.viridiengroup.com .