Technip Energies (TE) investor relations material

Executive summary

• Achieved record revenue of €7.2bn and recurring EBITDA of €638m (+5% Y/Y), with the highest-ever results, strong free cash flow generation (€578m, +5% Y/Y), and robust net cash position of ~€1bn.

• Completed the AM&C acquisition, expanding technology and product offerings, and secured major contract wins in LNG, decarbonization, and sustainable fuels.

• Announced an 18% dividend increase to €1.00/share and a €150m share buyback, reflecting disciplined capital allocation and enhanced shareholder returns.

• Entered 2026 with a robust backlog and strong execution across global portfolio, including significant progress in LNG, decarbonization, and downstream projects.

• Sustainability progress includes a 46% reduction in Scope 1 and 2 emissions and improved gender diversity.

Financial highlights

• Revenue reached €7.2bn (+5% Y/Y); recurring EBITDA at €638m (+5% Y/Y); EBITDA margin stable at 8.9%.

• EPS (diluted, excl. non-recurring): €2.36; recurring net profit: €421m (+2% Y/Y); net profit was €363.8m, down 7% Y/Y.

• Free cash flow (excluding non-recurring items) rose to €578m, with conversion rates between 78–91%.

• Net cash position of ~€1bn; gross debt at €1bn, mainly from the AM&C acquisition; liquidity of €4.6bn.

• Order intake was €4,636m (book-to-bill 0.6); backlog at year-end was €15,955.4m, down 18% Y/Y.

Outlook and guidance

• 2026 guidance: Project Delivery revenue €6.3–6.7bn, EBITDA margin ~8%; TPS revenue €2.0–2.2bn, EBITDA margin ~14.5%.

• Corporate costs expected at €50–60m; effective tax rate 26–30%.

• Anticipates new awards exceeding €12bn in the near term, with backlog projected to reach €16.4–24bn by H1 2026.

• Targeting €800m+ EBITDA in the medium term.

• Expects highest-ever annual order intake in 2026, with mega-projects expected to materialize.