Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-36053 EXPRO GROUP HOLDINGS N.V. (Exact name of registrant as specified in its charter) For the quarterly period ended March 31, 2025 OR Indicate ...

Expro Group Holdings (XPRO) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Chad Stephenson - Director of Investor RelationsMichael Jardon - CEOQuinn Fanning - Chief Financial OfficerAtidrip Modak - Vice President - Energy Services & E&PsEddie Kim - Vice President - Equity ResearchBlake McLean - Managing Director Conference Call Participants Arun Jayaram - Analyst Operator Hello, everybody, and welcome to the Xpro q one twenty twenty five earnings presentation. My name is Elliot, and I ...

Expro Group Holdings (XPRO) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Hello, everybody, and welcome to the Xpro q one twenty twenty five earnings presentation. My name is Elliot, and I'll be your coordinator today. I'd now like to hand over to Chad Stephenson, Director, Investor Relations. Please go ahead. Speaker1 Welcome to Xpro's first quarter twenty twenty five conference call. I'm joined today by Xpro's CEO, Mike Jarden and Xpro's CFO, Quinn Fanning. First, Mike and Quinn will have some ...

Q1 | 2025 Highlights Expro Group Holdings N.V. NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward- looking ...

Core Viewpoint - Expro Group Holdings (XPRO) reported quarterly earnings of $0.25 per share, significantly exceeding the Zacks Consensus Estimate of $0.10 per share, marking a 150% earnings surprise [1] - The company also posted revenues of $390.87 million for the quarter, surpassing the Zacks Consensus Estimate by 4.74% and showing an increase from $383.49 million year-over-year [2] Financial Performance - The earnings of $0.25 per share represent an increase from $0.09 per share a year ago [1] - Over the last four quarters, Expro Group Holdings has surpassed consensus EPS estimates two times and topped revenue estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $0.27, with projected revenues of $437.42 million, and for the current fiscal year, the EPS estimate is $1 on revenues of $1.72 billion [7] Market Position - Expro Group Holdings shares have declined approximately 35.5% since the beginning of the year, contrasting with the S&P 500's decline of 5.5% [3] - The Zacks Industry Rank for Oil and Gas - Production and Pipelines is currently in the top 15% of over 250 Zacks industries, indicating a favorable industry outlook [8] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The estimate revisions trend for Expro Group Holdings is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]

Financial Performance - Revenue for Q1 2025 was $391 million, a decrease of $46 million, or 11%, compared to Q4 2024 revenue of $437 million[7] - Adjusted EBITDA for Q1 2025 was $76 million, a sequential decrease of $24 million, or 24%, with an Adjusted EBITDA margin of 20% compared to 23% in Q4 2024[7] - Net income for Q1 2025 was $14 million, or $0.13 per diluted share, down from $23 million, or $0.17 per diluted share in Q4 2024, resulting in a net income margin of 4%[7] - Total revenue for Q1 2025 was $390.872 million, a decrease of 10.5% compared to $436.843 million in Q4 2024 and an increase of 1.0% from $383.489 million in Q1 2024[44] - Operating income for Q1 2025 was $10.323 million, down 67.7% from $31.932 million in Q4 2024 and up 22.6% from $8.420 million in Q1 2024[44] - Net income for Q1 2025 was $13.948 million, compared to $23.034 million in Q4 2024 and a loss of $2.677 million in Q1 2024[44] - Adjusted EBITDA for the three months ended March 31, 2025, was $76,228, with an adjusted EBITDA margin of 20%, compared to $67,460 and 18% in the same period of 2024[58] - Gross profit for the three months ended March 31, 2025, was $40,070, with a gross margin of 10%, compared to a gross profit of $34,932 and a margin of 9% in the same period of 2024[55] Guidance and Future Outlook - The company provided Q2 2025 revenue guidance in the range of $400 to $410 million and Adjusted EBITDA guidance of $80 to $90 million[4] - The company is focused on achieving anticipated synergies from the Coretrax acquisition, which is expected to enhance growth prospects[35] - The company continues to invest in new technologies and products to maintain competitive advantage in the oil and gas industry[35] - The company is monitoring market conditions and adjusting its strategies in response to the volatility of oil and gas prices[35] Segment Performance - Revenue for the North and Latin America segment was $134 million, a decrease of $5 million, or 4%, compared to Q4 2024[14] - Revenue for the Europe and Sub-Saharan Africa segment was $112 million, a decrease of $30 million, or 21%, compared to Q4 2024[16] - Revenue for the Middle East and North Africa segment was $94 million, an increase of $1 million, or 1%, compared to Q4 2024[18] - Segment revenue from NLA was $134,278, accounting for 34% of total revenue, while ESSA generated $112,373, representing 29% of total revenue[50] Cash and Liquidity - As of March 31, 2025, the company had consolidated cash and cash equivalents of $180 million and total liquidity of $316 million[24] - The company reported a decrease in cash and cash equivalents to $180,174 at the end of the period, down from $184,663 at the beginning[48] Expenses and Adjustments - Capital expenditures for Q1 2025 totaled $33 million, with plans for $90 million to $100 million for the remaining nine months of 2025[23] - Total current assets decreased to $948.605 million as of March 31, 2025, from $964.046 million as of December 31, 2024[46] - Total liabilities decreased to $793.341 million as of March 31, 2025, from $842.057 million as of December 31, 2024[46] - Cash provided by operating activities for the three months ended March 31, 2025, was $41,509, an increase from $29,938 in the same period of 2024[53] - Capital expenditures for the three months ended March 31, 2025, were $33,112, compared to $30,739 in the same period of 2024[48] - Total support costs for the three months ended March 31, 2025, were $85,180, representing 22% of total revenue[56] - Cash paid for merger and integration expenses was $1,556 for the three months ended March 31, 2025, compared to $2,280 in the same period of 2024[53] Net Income and Earnings Per Share - The company reported a basic net income per share of $0.12 for Q1 2025, compared to $0.20 in Q4 2024 and a loss of $0.02 in Q1 2024[44] - Adjusted net income for Q1 2025 was $28.673 million, a decrease of 32.9% from $42.765 million in Q4 2024[60] - Net income per diluted share for Q1 2025 was $0.12, down from $0.19 in Q4 2024, reflecting a decline of 36.8%[61] - Adjusted net income per diluted share for Q1 2025 was $0.25, down from $0.36 in Q4 2024, a decline of 30.6%[61] Tax and Other Adjustments - Total adjustments before taxes for Q1 2025 amounted to $14.790 million, compared to $20.089 million in Q4 2024, a decrease of 26.3%[60] - The company incurred merger and integration expenses of $1.740 million in Q1 2025, down from $3.947 million in Q4 2024[60] - Severance and other expenses were $6.082 million in Q1 2025, a reduction from $9.041 million in Q4 2024, representing a decline of 32.5%[60] - Stock-based compensation expense remained stable at $6.968 million in Q1 2025, compared to $7.101 million in Q4 2024[60] - The total adjustments net of taxes for Q1 2025 were $14.725 million, down from $19.731 million in Q4 2024, a decrease of 25.4%[60] - The diluted weighted average common shares outstanding for Q1 2025 were 116,929,082, compared to 118,129,232 in Q4 2024[61] - The tax benefit for Q1 2025 was minimal at $(65), compared to $(358) in Q4 2024[60]

Financial Data and Key Metrics Changes - Q4 2024 revenue was $437 million, with adjusted EBITDA of $100 million, representing 23% of revenue, marking the best financial performance since the merger in October 2021 [10][11] - Q4 adjusted cash flow from operations was $115 million, and free cash flow was $75 million, reflecting strong operational performance [11] - Full year 2024 revenue reached $1.71 billion, up 13% year over year, with adjusted EBITDA of $347 million, a 40% increase compared to 2023 [15][49] Business Line Data and Key Metrics Changes - Subsea Well Access business saw increased activity in Angola, contributing to revenue growth, while well flow management services improved in Algeria, Iraq, and Saudi Arabia [11] - North and Latin America (NLA) revenue was $139 million, flat quarter over quarter, with a segment EBITDA margin of 22%, down from 24% in Q3 2024 [50] - Europe and Sub-Saharan Africa (EASA) revenue was $143 million, up 9% sequentially, with an EBITDA margin of 37%, reflecting increased subsea activity [53] Market Data and Key Metrics Changes - MENA revenue for Q4 was $93 million, up 7% sequentially, with a stable EBITDA margin of 35% [58] - Asia Pacific (APAC) revenue decreased by 5% to $62 million, primarily due to reduced well management activity in Malaysia and Australia [60] - The backlog remained healthy at approximately $2.3 billion at the end of Q4 2024, consistent with the previous quarter [17] Company Strategy and Development Direction - The company aims to enhance operational efficiency through the "Drive 25" initiative, targeting a 7% to 8% reduction in support costs over the next 12 to 18 months [40][63] - Focus on strategic acquisitions to broaden the portfolio of technology-enabled services and solutions, with a clean balance sheet allowing for opportunistic M&A [108] - The company expects stable to modest growth in upstream investments in 2025, with a focus on international and offshore markets [26][28] Management's Comments on Operating Environment and Future Outlook - Management anticipates a transition year for the energy services industry in 2025, with cautious near-term outlook but bullish medium to long-term prospects [42][75] - The macro environment is expected to support a positive multiyear outlook for energy services companies, particularly in international and offshore markets [9][22] - Concerns about oil supply are expected to abate, leading to momentum building in international markets as the year progresses [75] Other Important Information - The company reported total available liquidity of $320 million at year-end, with cash and cash equivalents of approximately $185 million [66] - Full-year guidance for 2025 includes revenue expectations of $1.7 billion to $1.75 billion and adjusted EBITDA of $350 million to $370 million [67] Q&A Session Summary Question: About the full-year 2025 revenue guidance - Management indicated that the guidance reflects exposure to markets with minimal spend reductions and benefits from strategic M&A and engineering investments [81][84] Question: On the first quarter guidance and expected rebound - The sequential decline in Q1 is attributed to strong Q4 performance and seasonal impacts, with expectations for a typical recovery in Q2 based on project timing [87][90] Question: Free cash flow progression and capital allocation priorities - Management highlighted the Drive 25 initiative aimed at improving efficiency and reducing costs, with a focus on capital discipline and potential M&A opportunities [95][102][108] Question: Resolution of the Congo project - The company successfully resolved outstanding variation orders, with expectations for improved margins in the O&M phase and operational flexibility in production rates [115][116]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number: 001-36053 Expro Group Holdings N.V. (Exact name of registrant as specified in its charter) | The Netherlands | 98-1107145 | | --- | --- | | (State or other jurisdiction of | (IRS Employer | | incorporation or organization) | Identification No.) | | 1311 Broadf ...

Expro Group Holdings (XPRO) Q4 2024 Earnings Call February 25, 2025 11:00 AM ET Company Participants Chad Stephenson - Director of Investor RelationsMichael Jardon - CEOQuinn Fanning - Chief Financial OfficerEddie Kim - Vice President - Equity ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchGrant Hynes - Equity Research AssociateJosh Jayne - Managing Director Conference Call Participants Steve Ferazani - Senior Equity Analyst - Diversified Industrials & Energy Operator Hello, and welc ...

Q4 & FY | 2024 Highlights Expro Group Holdings N.V. NYSE: XPRO Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Group Holdings N.V. (the "Company") expects, believes or anticipates will or may occur in the future are forward- lo ...