Logotype for Fugro N.V.

Fugro (FUR) investor relations material

Fugro Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Fugro N.V.
Q4 2025 earnings summary27 Feb, 2026

Executive summary

  • 2025 performance was significantly impacted by a sharp decline in offshore wind markets and a slowdown in oil & gas project start-ups, resulting in a EUR 427 million (16% currency comparable) revenue drop.

  • A cost reduction program delivered EUR 120 million in annualized savings and reduced the workforce by 1,050 FTEs.

  • Backlog was recalibrated and replenished with oil & gas and infrastructure projects, partially offsetting the decline in renewables.

  • Early signs of recovery are emerging in offshore wind, but a full rebound is expected only from 2027 onwards.

Financial highlights

  • 2025 revenue was EUR 1,848 million, down EUR 427 million (16.1%) year-over-year, with EUR 380 million of the decline from offshore wind.

  • Adjusted EBITDA margin was 14.5%, down from 21.3% in 2024; adjusted EBIT margin was 4.9%.

  • Free cash flow was negative EUR 137 million, impacted by EUR 248 million in capex and higher working capital.

  • Net debt increased to EUR 382 million, with leverage at 1.4x; no significant maturities until 2029 except a EUR 40 million term loan.

  • Dividend proposed at EUR 0.15 per share (28% payout ratio, excluding impairments).

Outlook and guidance

  • Focus for 2026 is on margin improvement, cash flow generation, and continued cost discipline.

  • Offshore wind market shows early recovery signs, but meaningful revenue impact is expected only from 2027.

  • Capex will be reduced to EUR 150–165 million in 2026, down from EUR 248 million in 2025.

  • Oil & gas and infrastructure backlogs are growing, with cautious optimism for nuclear, critical minerals, and security markets.

  • No specific revenue or margin guidance provided; midterm targets (EBIT margin 8–12%, ROCE 10–15%) remain aspirational.

Status of Q1 2026 working capital collection
Impact of revised net zero timeline on strategy
How does reduced capex maintain growth potential
CapEx shift to uncrewed ops: what capabilities gain?
Net Zero 2035 change: how does this align strategy?
Geophysical profitability: how to reverse losses?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Fugro earnings date

Logotype for Fugro N.V.
Q1 2026 TU23 Apr, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Fugro earnings date

Logotype for Fugro N.V.
Q1 2026 TU23 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Fugro N.V. specializes in the collection and analysis of Geo-data for the Earth and structures. Fugro offers a broad range of geotechnical, survey, and subsea services, encompassing project preparation, data acquisition, processing, analysis, interpretation, reporting, and consulting. These services cater to various markets, including oil and gas, sustainable energy, building and infrastructure, mining, public sector, and water sector. Fugro is headquartered in Leidschendam, Netherlands, and its shares are listed on the Euronext Amsterdam.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage