Viridien reported net cash flow of -$20m for Q1 2025, compared with $30m a year earlier, while adjusted EBITDA rose 35% to $143m, with revenue up 10% to $301m.
The group's revenue was driven by the strong performance of Geoscience (+25%) and the commercial success of Earth Data (+7%), while the basis for comparison for Sensing & Monitoring (-2%) returned to a more normalised level.
Assuming moderate fluctuations in the oil market, Viridien expects to achieve its net cash flow target of approximately $100 million for the current year and to continue its debt reduction trajectory.
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Viridien: Q1 adjusted EBITDA up 35%
Published on 04/30/2025 at 01:28
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