Core Insights - GTT reported strong financial performance for FY 2025, with revenues increasing by 25% to €803 million and EBITDA rising by 40% to €542 million, marking the third consecutive year of growth [3][9][36] - The company announced a record dividend of €8.94 per share for 2025, up 19% from the previous year [3][43] - A significant increase in LNG carrier orders was noted, with 45 orders received during the financial year, including 37 for LNG carriers [8][11] Financial Performance - Consolidated revenues for 2025 were €803 million, a 25% increase from €641 million in 2024 [3][35] - EBITDA for 2025 reached €542 million, reflecting a 40% increase from €388 million in 2024, with an EBITDA margin of 67.5% [36][39] - Net income for 2025 was €413.6 million, an 18.9% increase from €347.8 million in 2024, with net earnings per share rising to €11.2 [39][40] Operational Highlights - GTT's order book as of December 31, 2025, included 288 units for its core business and 48 units for LNG as fuel [8][34] - The company received a record number of final investment decisions for new LNG trains, totaling 84 million tonnes per annum (Mtpa) in 2025 [8] - The acquisition of Danelec in July 2025 enhanced GTT's digital solutions, contributing €16.1 million to revenues in 2025 [19][22] Market Position and Strategy - GTT is positioned as a leader in the LNG value chain, benefiting from increased global demand for liquefied natural gas [5][6] - The company plans to maintain its dividend policy and expects consolidated revenues for 2026 to be between €740 million and €780 million, with EBITDA projected between €490 million and €530 million [52][45] - GTT's strategic ventures fund made two additional investments in 2025, expanding its portfolio to nine stakes [27][28] Innovation and Development - GTT filed 68 patents in 2025, maintaining a strong focus on innovation and R&D [25] - The company received several approvals from classification societies for its optimized containment systems, enhancing its competitive edge in the market [25][26] - GTT's digital solutions division saw revenues more than double to €36.1 million, driven by successful contracts and the integration of Danelec [22][21]