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Technip Energies (TE) investor relations material
Technip Energies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 9% year-over-year revenue growth to €5.4bn and 9% EBITDA growth to €478m for the first nine months of 2025, maintaining an 8.8% EBITDA margin and strong free cash flow generation.
Confirmed full-year guidance, citing disciplined execution, an asset-light business model, and robust commercial pipeline.
Strengthened global leadership in LNG and modularization, with major contract wins in the U.S. (Commonwealth LNG) and Mozambique (Coral Norte FLNG), both pending final investment decisions.
Announced acquisition of Ecovyst's Advanced Materials & Catalysts (AM&C) business for $556m, expected to be immediately accretive and enhance the TPS segment, with closing targeted for Q1 2026.
Progressed key decarbonization and downstream projects, including carbon capture in Norway, refinery/ethylene plant completions, and textile/plastic recycling initiatives.
Financial highlights
Adjusted revenue rose 9% year-over-year to €5.4bn, driven by LNG and offshore project activity; recurring EBITDA increased 9% to €478m, with a stable margin of 8.8%.
EPS grew to €1.58 from €1.55; adjusted net profit was €285.2m; free cash flow conversion from EBITDA was robust at 87%, with free cash flow at €463.2m.
Cash and cash equivalents at end of September stood at €4.1bn, with gross debt at €0.8bn and net contract liability stable at €3.1bn.
Book-to-bill ratios: Project Delivery at 1.2, TPS at 1.1 (trailing 12 months); overall book-to-bill ratio at 0.6.
Project Delivery backlog exceeded €15bn; TPS backlog at €1.7bn.
Outlook and guidance
Full-year 2025 guidance confirmed: Project Delivery revenue €5.2–5.6bn with ~8% EBITDA margin; TPS revenue €1.8–2.2bn with 14.0–14.5% EBITDA margin.
Effective tax rate expected at 26–30%; corporate costs €50–60m.
Strong commercial outlook with healthy pipeline in LNG, decarbonization, and sustainable fuels; €7bn already scheduled for execution in 2026.
TPS segment expected to trend toward the lower end of guidance for 2025 and 2026 due to subdued CapEx in decarbonization and SAF.
Long-term demand for LNG and energy infrastructure remains robust, underpinned by global megatrends and decarbonization needs.
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