Hunting (HTG) Q1 2026 TU earnings summary

Executive summary

• Delivered a solid Q1 2026 performance, maintaining full-year EBITDA guidance of $145–$155 million amid strong end-market outlook.

• Order book momentum is strong in South America and US onshore markets, with restructuring and share buybacks supporting long-term growth.

• Operations in the Middle East remain safe and fully operational despite regional volatility.

Financial highlights

• Q1 2026 Group EBITDA was $23.2 million, with an EBITDA margin of 10%.

• Quarter-end total cash and bank/(borrowings) position was $8.3 million, down from $62.9 million at 31 December 2025, due to working capital investment and share buybacks.

• Full-year earnings expected to be second-half weighted, with a projected 40:60 split.

Outlook and guidance

• Full-year EBITDA guidance of $145–$155 million is retained.

• Earnings expected to be weighted toward the second half of the year due to order execution and delivery timing.

• Management anticipates minimal impact from Middle East conflict on current year profitability, contingent on conflict duration.