Viridien (VIRI) AGM 2026 summary

Opening remarks and agenda

• The meeting was webcast with translation headsets for English, and legal formalities were completed, including scrutineer and secretary appointments.

• The agenda included financial and business overviews, auditor reports, governance updates, remuneration policies, Q&A, voting on resolutions, and conclusion.

Financial performance review

• FY 2025 segment revenues reached $1,165m (+4%), driven by Geoscience and Earth Data, while Sensing & Monitoring declined by 5%.

• Adjusted EBITDA/EBITDAS was €551m/$551m (+21%), with a margin of 47%.

• IFRS net income increased by 40% to $71m; net cash flow nearly doubled YoY to $107m, exceeding targets.

• Debt was reduced by €230m over two years, with net leverage ratio at 1.6x and refinancing extending maturity to 2030.

• Q1 2026 sales were $214m, with $26m positive cash flow and continued deleveraging despite a soft market.

Board and executive committee updates

• Governance structure was restored to a dissociated model: Sophie Zurquiyah became Chair, Henning Berg appointed CEO from June 3, 2026.

• Board comprises 8 directors (87.5% independent, 50% women, three nationalities, average age 64) with strong sector expertise.

• Four board committees: Audit & Risk, Remuneration & Governance, Sustainability, and New Business & M&A, with high independence and attendance.

• Board met nine times in 2025, with 100% attendance.

• Sophie Zurquiyah's mandate proposed for renewal; Henning Berg proposed for appointment as director.