Gaztransport & Technigaz (GTT) AGM 2026 summary

Opening remarks and agenda

• Agenda included financial results, board renewals, remuneration, strategic updates, and voting on resolutions.

• Covered both ordinary and extraordinary general meeting items, including capital increases and share buybacks.

Financial performance review

• Revenue reached €803M in 2025, up 25% from 2024; EBITDA at €542M (+40%), with a 67% margin.

• Net income was €414M; free cash flow at €271M; order book secured at €1.6B for 288 units.

• Dividend per share set at €8.94, with an 80% payout ratio.

• Record year for new orders and deliveries, especially in LNG carriers.

Board and executive committee updates

• Board comprised 9 members, 78% independent, with a 5:4 male-to-female ratio.

• Three board mandates proposed for renewal: Philippe Berterottière, Pascal Macioce, Antoine Rostand.

• Board held 9 meetings with 99% attendance; key topics included financial policy, risk management, and succession planning.

• Executive leadership transitioned in 2025, with roles split between President and CEO from January 2026.