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MODEC (6269) investor relations material
MODEC Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q26 revenue was $3,690MM, net income $306MM and adjusted EBITDA $394MM; revenue rose 10% and adjusted EBITDA 30% YoY.
9M 2026 revenue increased 10.1% YoY to $3.691bn, operating profit rose 27.8% to $390.2m, and profit attributable to owners rose 24.8% to $306.5m.
FY26 earnings guidance was raised, while total backlog was $23.8B, down $3.1B or 12% from FYE2025 as projects progressed.
Financial highlights
3Q26 net income rose $61MM YoY to $306MM; adjusted EBITDA increased $90MM to $394MM.
3Q26 EPCI revenue was $2,239MM, up $253MM YoY; O&M revenue was $1,047MM, up $99MM, and service-fee revenue increased $2MM.
9M profit before tax was $416.3m, up 21.3% YoY; profit for the period rose 21.0% to $343.9m, with basic and diluted EPS of $4.49 versus $3.59.
9M gross profit was $469.9m versus $379.1m; share of profit from equity-method investments rose 15.3% to $119.8m.
9M operating cash flow rose to $566.8m from $192.7m; cash and cash equivalents were $1.695bn at period-end.
Outlook and guidance
FY26 revenue guidance increased $300MM to $4,900MM; operating income rose $60MM to $520MM and EBT rose $60MM to $560MM.
FY26 net income guidance increased $40MM to $410MM; EPS guidance rose $0.59, or 11%, to $6.00.
FY26 dividend guidance remained ¥200 per share, versus ¥140 for FY25.
- Strong 1H 2026 profit and revenue growth, robust backlog, and resilient offshore demand.6269
Q2 2026 - Q1 2026 saw revenue and profit surge, but new order intake declined sharply.6269
Q1 2026 - Record revenue, profit, and backlog driven by FPSO demand; 2026 outlook remains strong.6269
Q4 2025 - Record FPSO orders, double-digit profit growth, and upgraded 2025 guidance reported.6269
Q3 2025 - Record FPSO orders and backlog support profit growth and a positive outlook for FY2025.6269
Q2 2025 - Strong revenue and profit growth driven by FPSO projects and robust industry demand.6269
Q3 2024 - Record profit growth in 1H 2024 led to raised guidance and higher dividends.6269
Q2 2024 - Revenue and orders surged, but profit declined on higher costs and FX losses.6269
Q1 2025 - Net profit more than doubled on strong FPSO execution and higher margins.6269
Q4 2024
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