Paris (France), November 19, 2025, released at 7:30 am Viridien reinstates a dissociated governance The Board of Directors of Viridien splits the functions of Chair and Chief Executive Officer In line with the Board’s earlier commitment to limit the combination of the Chair and Chief Executive Officer (CEO) functions at Viridien to a temporary period, Sophie ZURQUIYAH will remain Chair of the Board and will step down from her executive responsibilities at the end of her term of office as director, i.e. at ...

Company Overview - Viridien is an advanced technology, digital, and Earth data company focused on sustainable solutions for natural resources, energy transition, and infrastructure challenges [3] - The company employs approximately 3,200 people globally and is listed on Euronext Paris SA under the ticker VIRI [3] Upcoming Financial Results - Viridien will announce its Q3 2025 financial results on October 30, 2025, after market close [1] - A conference call will be held on the same day at 6:00 PM CET, with a press release and presentation available on the company's website at 5:45 PM CET [4] Conference Call Participation - Participants must register to receive a dial-in number and PIN code for the conference call [2] - A live webcast will also be available, and a replay of the conference call will be accessible for 12 months on the company's website [2]

Core Points - The Combined General Meeting of Viridien was held on April 30, 2025, in Paris, where all resolutions were approved [2] - The Board of Directors now consists of 8 directors, with 87.5% being independent and 50% women [3] - Patrick Choupin's term as Director representing employees ended, and no new appointment will be made due to headcount thresholds [2] - DELOITTE & ASSOCIES and BDO PARIS were appointed as statutory auditors, replacing ERNST & YOUNG et Autres and MAZARS respectively [4] - The terms of Philippe Salle, Anne-France Laclide-Drouin, and Michael Daly were renewed for four years, and Amélie Oyarzabal was co-opted as a new director [4] - Sophie Zurquiyah was appointed as Chairperson and Chief Executive Officer, while Philippe Salle continues as Vice-Chairman and Lead Independent Director [4][6] - The Board expressed gratitude to Philippe Salle for his leadership and vision, emphasizing continuity and stability in governance [6] - Viridien is an advanced technology and digital company focused on sustainable solutions, employing around 3,400 people globally and listed on Euronext Paris [7]

Core Insights - The company achieved significant milestones in Q1 2025, including the termination of a vessel capacity agreement and successful bond refinancing, enhancing operational flexibility and cash generation [3][4][5] - Financial results for Q1 2025 showed a revenue increase of 10% to $301 million and a 35% rise in adjusted EBITDA to $143 million, indicating robust business performance [2][5][9] - The company anticipates generating approximately $100 million in net cash flow for the year, assuming moderate fluctuations in the oil market [4][10] Financial Performance - Q1 2025 revenue reached $301 million, a 10% increase from the previous year, driven by growth in Geoscience and Earth Data segments [2][9] - Adjusted EBITDA for Q1 2025 was $143 million, reflecting a 35% increase, supported by revenue growth and cost reductions [2][5][9] - Net cash flow for Q1 2025 was $(20) million, compared to $30 million in the same period last year, impacted by a $42 million interest payment [2][5][12] Segment Performance - Digital, Data, and Energy Transition (DDE) segment revenue increased by 16% to $214 million, with Geoscience growing by 25% and Earth Data by 7% [5][9] - Sensing and Monitoring (SMO) segment revenue was nearly stable at $87 million, with adjusted EBITDA rising by 37% due to cost reductions [5][9] - The company reported a backlog in Geoscience of $329 million, a 45% increase year-over-year, indicating strong future demand [11] Debt and Liquidity - The company successfully refinanced $447 million and €578 million notes, replacing them with $450 million and €475 million senior secured notes due in October 2030 [5][10] - Net debt stood at $974 million, with liquidity at $257 million, reflecting a focus on cash flow generation and deleveraging [5][11] Future Outlook - The company expects continued growth in Geoscience supported by advanced technology and a strong backlog, alongside improved cash EBITDA in Earth Data following the end of vessel commitment penalty fees [10] - The restructuring plan in Sensing & Monitoring is anticipated to yield further savings, contributing positively to overall profitability [10]