Business Model And ProfitabilityNextGeo’s 1H25 results were robust, showing the strength and resilience of its business model. The company’s distinctive operational capabilities and flexibility, together with its partnership with Marnavi, support high profitability.
Growth Trajectory And Financial PerformanceNextGeo reported a Value of Production of Eu114.3mn, up 10% YoY, confirming the group’s robust growth trajectory. EBITDA jumped by 21% YoY to Eu34.5mn, delivering a record 30.2% margin, up almost 300bps from 27.3%.
Strategic Partnerships And ExpansionNextGeo recently finalised a 5-year framework agreement with TotalEnergies for the provision of offshore survey services, expanding its operations into key global regions.