Hunting (HTG) AGM 2026 summary
Event summary combining transcript, slides, and related documents.
AGM 2026 summary
21 Apr, 2026Opening remarks and agenda
Chair welcomed attendees, highlighted strong 2025 financial performance, increased shareholder distributions, and progress on 2030 growth initiatives.
Meeting opened with a welcome, followed by a Q1 2026 trading update and a review of 2025 performance.
Introduced the Board and outlined the meeting agenda, including trading update, annual report review, Q&A, and voting.
Agenda included Q&A, business of the AGM, and presentation of proxy votes.
Financial performance review
Q1 2026 saw solid performance, maintaining full-year EBITDA guidance of $145–$155m, with a $428.8m order book and $23.2m EBITDA.
2025 revenue was $1,018.8m, EBITDA $135.7m, and free cash flow $96.6m; total dividends declared rose to 13.0c.
Share buyback program expanded to $60m and completed by March 2026.
Perforating Systems in North America outperformed expectations, boosting profitability.
Full-year EBITDA guidance maintained at $145–$155 million, with earnings expected to be second-half weighted.
Board and executive committee updates
Board includes Chief Executive, Finance Director, Non-executive Chair, and committee chairs for Nomination, Ethics & Sustainability, Audit & Risk, and Remuneration.
Chair and CEO expressed gratitude for Board and employee contributions to company success.
Latest events from Hunting
- EBITDA nearly doubled as offshore growth lifted the order book to a record $565.2m.HTG
H2 2023 - Middle East disruption cuts FY26 EBITDA guidance to $128–$133m.HTG
Q3 2026 TU - Recovery lifted revenue 28%, while acquisition and expansion positioned growth for 2011.HTG
H2 2010 - Strong Subsea and Perforating Systems growth offset revenue decline from KOC order absence.HTG
H1 2026 - H1 2026 EBITDA met guidance, with strong Subsea and Perforating Systems demand and positive outlook.HTG
H1 2026 TU - 2025 saw robust growth, portfolio expansion, and strong ESG progress, supporting future targets.HTG
Corporate presentation - EBITDA up 7% to $135.7m, strong cash flow, and a positive outlook with minimal risk exposure.HTG
H2 2025 - EBITDA up 23% and record order book drive strong growth and positive outlook.HTG
H1 2024 - Double-digit revenue and EBITDA growth achieved, with robust cash flow and positive outlook.HTG
H2 2024