Viridien Société anonyme ( (VIRDY) ) has released its Q2 earnings. Here is a breakdown of the information Viridien Société anonyme presented to its investors.
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Viridien Société Anonyme is a leading global geoscience technology company, specializing in data, products, services, and solutions in earth sciences, data science, sensing, and monitoring. The company operates primarily in the energy sector, providing innovative solutions to complex challenges.
In its latest earnings report for the first half of 2025, Viridien reported solid financial performance despite a volatile market environment. The company highlighted robust growth in revenue and margins, driven by its focus on offshore markets and leading oil companies, alongside internal performance improvements.
Key financial metrics showed an 8% increase in total operating revenues to $575 million compared to the previous year. The Data, Digital & Energy Transition segment saw a 17% rise in Geoscience revenues, while the Sensing & Monitoring segment reported a 6% increase in revenues. Viridien also generated $30 million in net cash flow during the quarter, reinforcing its confidence in achieving a full-year target of $100 million.
Strategically, Viridien secured significant contracts, including a seismic data reimaging project in Algeria and the sale of its Sercel Marlin Offshore Logistics solution to ONGC in India. The launch of the Sercel Accel, the industry’s first onshore drop node solution, marked a significant advancement in seismic data acquisition technology.
Looking ahead, Viridien remains optimistic about maintaining its growth trajectory, supported by a healthy backlog and expected licensing activity. The company continues to focus on deleveraging and enhancing operational efficiency, positioning itself for sustained success in the geoscience sector.