Technip Energies N.V.

Latest Results (16.05.2026):

Technip Energies N.V. — Full year 2025 (FY 2025) results: the company reported revenue of about €7.2bn, adjusted recurring EBITDA of €637.9m (8.9% margin), net profit attributable to the Group of €363.8m (diluted EPS €2.04), strong free cash flow of €519.3m and roughly €1.0bn net cash; management proposes a €1.00/share dividend (≈+18%) and a €150m share buyback while providing 2026 guidance showing further revenue and EBITDA growth.

Revenue and margins

FY 2025 adjusted revenue €7,186.5m (up 5% y/y). Adjusted recurring EBITDA €637.9m (8.9% margin, steady vs. 2024). Adjusted recurring EBIT €514.6m (7.2% margin, flat y/y).

Profitability and EPS

Net profit attributable to Technip Energies Group €363.8m (FY 2025), diluted EPS €2.04 (FY 2025 vs €2.16/€2.17 prior year depending on adjusted/IFRS basis). IFRS and adjusted reconciliations are provided in the report.

Cash flow and balance sheet

Free cash flow €519.3m (conversion from recurring EBITDA ~78%); gross cash €3.8bn, gross debt €1.0bn, resulting in reported net cash around €1.0bn (adjusted for project-associated cash). Liquidity €4.6bn including undrawn RCF €750m.

Order intake and backlog

Adjusted order intake fell to €4,636m (book-to-bill 0.6) vs €10,010.8m prior year; adjusted backlog decreased 18% to €15,955.4m (≈2.2x FY 2025 adjusted revenue) with backlog scheduling of ~€7.17bn for 2026.

Project Delivery segment

Project Delivery revenue €5,366.3m (+10% y/y). Recurring EBITDA €432.4m (+7%) with margin 8.1% (down 20bps) — portfolio shift to earlier‑stage projects weighed on margin bps despite higher revenue.

Technology, Products & Services (TPS) segment

TPS revenue €1,820.2m (‑9% y/y). Recurring EBITDA €260.4m (+1%) and margin expanded to 14.3% (+140bps), driven by product deliveries, catalyst supply and PMC activity despite lower licensing/equipment revenue.

Capital allocation & shareholder returns

Board will propose a €1.00/share dividend for 2025 (ex-dividend/record/payment timetable contingent on shareholder approval) and announced a 2026 share buyback program up to €150m (up to €120m for cancellation; max ~5.0m shares), with dividend policy targeting 25–35% of free cash flow (ex working capital, provisions, non‑recurring items).

2026 guidance

2026 adjusted guidance: Project Delivery revenue €6.3–6.7bn with EBITDA margin ~8%; TPS revenue €2.0–2.2bn with EBITDA margin ~14.5%; corporate costs €50–60m; effective tax rate 26–30%; adjacent investments <€50m.

M&A, strategic wins and sustainability

Completed acquisition of Advanced Materials & Catalysts (AM&C) (Ecovyst business) — 330 employees, broadened catalyst and materials capabilities and deemed immediately accretive. Key awards in 2025 include Commonwealth LNG authorization (US), Northern Lights loading arms, PTTEP Arthit CCS engineering and progress on Coral Norte FLNG. Sustainability: 46% reduction in scope 1 & 2 vs 2021 and 15.6 MtCO2eq avoided emissions; launched 2030 ‘Evolve’ scorecard with quantified targets.