Subsea 7 SA ( (SUBCY) ) has released its Q3 earnings. Here is a breakdown of the information Subsea 7 SA presented to its investors.
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Subsea 7 S.A. is a Luxembourg-based company specializing in the delivery of offshore projects and services for the energy industry, with a focus on subsea engineering and construction, as well as renewable energy solutions.
In its third-quarter 2025 earnings report, Subsea 7 S.A. reported a significant increase in its financial performance, highlighted by a 27% rise in Adjusted EBITDA to $407 million, reflecting strong operational execution across its business units. The company also maintained a robust backlog of $13.9 billion, indicating a healthy pipeline of future projects.
Key financial metrics from the report include a stable revenue of $1.8 billion and an improved Adjusted EBITDA margin of 22%, up from 18% in the previous year. The Subsea and Conventional unit contributed significantly to this growth, with a 6% increase in revenue and a notable rise in net operating income. Meanwhile, the Renewables unit faced challenging market conditions but still delivered a solid performance.
Looking forward, Subsea 7 anticipates continued positive momentum, supported by its record backlog and active tendering for future opportunities. The company expects full-year 2025 revenue to be between $6.9 and $7.1 billion, with margins ranging from 20% to 21%, and projects further growth in 2026 with expected revenue between $7.0 and $7.4 billion.
Overall, Subsea 7’s strategic focus on long-cycle energy projects and its strong financial position suggest a positive outlook for the company, as it continues to leverage its expertise in subsea engineering and renewable energy to drive growth.