Gaztransport & Technigaz (GTT) AGM 2025 summary

Opening remarks and agenda

• Agenda included approval of 2024 annual and consolidated accounts, allocation of results, board appointments, remuneration policies, and authorizations for capital operations.

Financial performance review

• 2024 revenue reached €641M (+50%), EBITDA €388M (+65%), and free cash flow €338M (+54%).

• Order book at year-end: 332 units (€1.9B), with strong LNG and digital segment growth.

• Net profit rose to €347.8M (+73%), with a record dividend of €7.50 per share (80% payout ratio).

• 2025 guidance: revenue €750–800M, EBITDA €490–540M, dividend payout at least 80% of net profit.

Board and executive committee updates

• Board comprised 8 members at end-2024, 75% independent, with 44.5% women after new appointments.

• Ratification of Virginie Banet and renewal of Domitille Doat Le Bigot as independent directors.

• Following the resignation of CEO Jean-Baptiste Choimet in February 2025, Philippe Berterottière assumed combined Chairman-CEO role during the search for a new CEO.