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Hunting (HTG) investor relations material
Hunting H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
EBITDA rose 7% to $135.7 million with margin up to 13%, and adjusted diluted EPS increased 9% to $0.341, despite a slight revenue decline to $1,018.8 million.
Significant cash generation with free cash flow of $96.6 million and $63 million cash after acquisitions, dividend increases, and share buybacks.
Strategic acquisitions (Flexible Engineering Solutions for $64.8 million and Organic Oil Recovery for $18.2 million) broadened global reach and diversified the client base.
Continued focus on technology, product innovation, and operational efficiency, including lean manufacturing and AI initiatives.
Order book normalized at $358 million, providing visibility for 2026 and beyond.
Financial highlights
Revenue was $1,018.8 million, down slightly from $1,048.9 million in 2024, but gross margin improved to 27% and EBITDA reached $135.7 million.
Adjusted diluted EPS increased 9% to 34.1 cents; net profit after tax was $58 million.
Free cash flow was $96.6 million, with a 71% EBITDA conversion rate.
Total dividends declared increased to 13.0 cents per share, up 13% year-over-year.
Net assets at $855.3 million; net cash position of $28.1 million at year-end.
Outlook and guidance
2026 EBITDA guidance maintained at $145–$155 million, with margin of 13–14% and free cash flow conversion targeted at 50%+.
CapEx expected at $40–$50 million, focused on automation, robotics, and capacity expansion.
Dividend growth ambition revised to 13% per annum through 2030.
Anticipate a back-end-loaded year, with major order conversions and revenue recognition in the second half.
Tender pipeline exceeds $1 billion, especially in OCTG and Subsea.
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