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Electromagnetic Geoservices (EMGS) investor relations material
Electromagnetic Geoservices Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues for Q4 2025 were USD 3.9 million, a significant decrease from USD 9.7 million in Q4 2024, with full-year revenues at USD 23.6 million versus USD 24.7 million in 2024.
Q4 2025 saw a net loss of USD 8.8 million, compared to a profit of USD 8.1 million in Q4 2024; full-year net loss was USD 14.3 million versus a profit of USD 2.8 million in 2024.
The Siem Day charter party and transaction agreement was terminated without payments or liabilities; the Atlantic Guardian was redelivered in October 2025.
Backlog at year-end 2025 was USD 0.1 million, down sharply from USD 12.4 million at the end of 2024.
Financial highlights
Q4 2025 EBITDA was negative USD 1.1 million; adjusted EBITDA was negative USD 1.3 million.
Operating loss for Q4 2025 was USD 7.1 million, compared to an operating profit of USD 8.8 million in Q4 2024.
Impairments in Q4 2025 included USD 3.9 million in long-term assets and USD 2.7 million in inventory.
Net cash flow from operating activities in Q4 2025 was USD 0.5 million, up from negative USD 1.2 million in Q4 2024.
Total borrowings at year-end 2025 were USD 19.8 million.
Outlook and guidance
No vessel under charter or active survey operations as of Q4 2025; insufficient project pipeline to rig a vessel.
Additional funding is expected to be required in the near term to sustain operations; any new financing may be highly dilutive.
Management continues to evaluate strategic alternatives, including asset sales, partnerships, and restructuring.
Market conditions remain challenging, but gradual improvement is anticipated if new contracts are secured.
- Q2 revenue rose to USD 13.8M, with strong survey activity and higher backlog.EMGS
Q2 202423 Jan 2026 - Q3 revenue dropped, but cash and backlog rose; key survey revenues expected in Q4.EMGS
Q3 202416 Jan 2026 - Q4 revenue and profit surged, with $20M in India contracts and improved financial stability.EMGS
Q4 202423 Dec 2025 - Q1 2025 saw USD 10M revenue, subsea vessel acquisition, and extended bond maturity.EMGS
Q1 202525 Nov 2025 - Q2 2025 revenue was $9.6M, EBITDA $2.8M, and vessel utilization 44%.EMGS
Q2 202523 Nov 2025 - Severe revenue drop and net loss, with urgent need for funding amid operational halt.EMGS
Q3 20255 Nov 2025
Next Electromagnetic Geoservices earnings date
Next Electromagnetic Geoservices earnings date
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