ESSONNE, FRANCE (By Viridien, 31.Jul.2025, Words: 117) — Viridien, formerly CGG, revealed its operating and financial results for the second-quarter 2025(2Q:25), which was marked by solid performance amid a volatile environment.
Some highlights from 2Q:25 include:
— segment revenue of $274mn in 2Q:25, up +6% year-on-year, fueled by geoscience (GEO) and sensing & monitoring (SMO);
— segment adjusted EBITDAs of $107mn in 2Q:25 (+14% year-on-year) or 39% margin (c.+270 bps). Profitability increase mostly driven by: 1) the end of vessel penalties at EDA in Jan. 2025 and 2) good progress on the restructuring plan at SMO;
— net cash flow generation of $30m in 2Q:025; and
— bond maturity extended to Oct. 2030 after end-Mar. 2025 successful refinancing, $125m available RCF.
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