Viridien (VIRI) Q4 2025 TU earnings summary

Executive summary

• Segment revenue for 2025 expected to exceed $1,150 million, with Geoscience up 10% year-over-year to over $440 million and Earth Data surpassing $400 million.

• Solid operational performance driven by growth in Data, Digital & Energy Transition, and completion of Sensing & Monitoring restructuring.

• Focus remains on operational excellence, sustainable cash generation, and ongoing debt reduction entering 2026.

Financial highlights

• Cash flow generation above $130 million for 2025.

• Net cash flow for 2025 exceeds $100 million after repaying a $28 million asset-backed facility.

• Net debt (pre-IFRS 16) expected to be around $750 million at year-end.

Capital allocation and financing

• Bond repayments totaled $97 million, fully utilizing the 10% annual optional redemption clause.

• Cash generated was allocated primarily to debt repayment, strengthening the balance sheet.