Hunting (HTG) AGM 2026 summary

Opening 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.