Hunting (HTG) Q3 2026 TU earnings summary

Executive summary

• Middle East conflict and slower-than-planned improvement in Advanced Manufacturing reduced FY26 EBITDA guidance to $128–$133m.

• Subsea trading remained robust, while management maintained confidence in medium-term strategic ambitions.

Financial highlights

• YTD EBITDA was ~ $89m, with an EBITDA margin of ~12%.

• Cash and bank borrowings were net borrowings of ~$11m at 30 September, versus ~$19m at 30 June; net assets were ~$876m.

• Working capital was ~$399m, broadly unchanged from the half-year point.

Outlook and guidance

• FY26 EBITDA is expected at $128–$133m; year-end net cash and bank borrowings are forecast at $40–$45m.

• Full-year capital expenditure is expected at $35–$45m; the interim dividend of 7.0 cents per share is due for payment on 30 October.