Technip Energies (TE) investor relations material

Executive summary

• Achieved record revenue of EUR 7.2 billion and recurring EBITDA of EUR 638 million (8.9% margin), both up 5% year-over-year, with strong free cash flow and robust net cash position of ~EUR 1 billion.

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

• Proposed an 18% increase in dividend to EUR 1 per share and a EUR 150 million share buyback, returning about EUR 300 million to investors in 2026.

• Entered 2026 with a robust backlog and strong balance sheet, supporting further growth ambitions.

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

Financial highlights

• Revenue and recurring EBITDA both increased by 5% year-over-year to EUR 7.2 billion and EUR 638 million, respectively, with EBITDA margin stable at 8.9%.

• EPS, excluding non-recurring items, grew to EUR 2.36; recurring net profit was EUR 421 million (+2% Y/Y), though net profit was EUR 363.8 million, down 7% year-over-year.

• Free cash flow, excluding non-recurring items, rose to EUR 578 million, with conversion rates between 78% and 91%.

• Net cash position was ~EUR 1 billion, with gross debt at EUR 1 billion, mainly from the AM&C acquisition.

• Return on equity reached 19%, highlighting strong earnings relative to equity.

Outlook and guidance

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

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

• Backlog projected to reach EUR 16.4–24 billion by H1 2026, with new awards expected to exceed EUR 12 billion.

• Anticipates exceeding EUR 800 million EBITDA in the medium term, ahead of previous targets.

• Highest-ever annual order intake expected in 2026, with mega-projects anticipated.