Viridien: 2026 third-quarter results
Globe Newswire•03/11/2026•11:45 ET
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Key Highlights
- ➤Net Debt $656m at end-September, down 18% year on year
- ➤Geoscience revenue $112m, up 3% year on year and 17% sequentially
- ➤Segment adjusted EBITDAs $100m, down 40% year on year
- ➤Sensing & Monitoring revenue $56m, down 18% year on year
- ➤FY 2026 Net Cash Flow objective of $100m confirmed
Expert Statements
Henning Berg, CEO of Viridien
“While market conditions remain uneven across our businesses, I am particularly pleased with Geoscience’s performance, which returned to growth as strong execution translated backlog into revenue. Solid cash generation during the quarter and continued deleveraging also underline our focus on further strengthening the Group’s financial position. Overall, sector sentiment continues to improve. Looking ahead, stronger customer engagement and sustained commercial activity reinforce our confidence in a more supportive market environment in Q4, with further momentum expected into 2027”
2026 third-quarter results Solid cash generation and continued deleveraging Further evidence of commercial recovery * Net Cash Flow of $35m in Q3, bringing 9M 2026 to $67m vs $62m in 9M 2025, supported by Geoscience’s performance and working-capital normalization
* Net Debt (excluding IFRS 16) of $656m at end-September, down -18% year on year. A further partial early redemption of the bond, targeting the euro-denominated tranche, has been announced for November, supporting the Group’s deleveraging trajectory
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