Core Insights - Viridien reported a strong performance in Q3 2025, achieving a Net Cash Flow of $62 million and reaffirming its full-year target of $100 million [2][7][22] Financial Performance - Revenue for Q3 2025 reached $313 million, a 27% increase from $246 million in Q3 2024, while year-to-date revenue for 9M 2025 was $888 million, up 14% from $778 million in 9M 2024 [2][32] - Adjusted EBITDAs for Q3 2025 were $167 million, reflecting a 70% increase year-on-year, with a margin of 53% compared to 40% in Q3 2024 [2][32] - IFRS Net Income for Q3 2025 was $41 million, a significant recovery from a loss of $10 million in Q3 2024 [13][32] Segment Performance - The Data, Digital and Energy Transition (DDE) segment generated revenue of $244 million in Q3 2025, a 31% increase year-on-year, driven by strong Earth Data late sales [4][32] - The Geoscience segment reported revenue of $108 million, up 5% year-on-year, while the Earth Data segment saw a substantial 63% increase in revenue to $136 million [8][32] - The Sensing and Monitoring (SMO) segment achieved revenue of $69 million, a 16% increase year-on-year, with profitability improving due to a streamlined cost structure [10][32] Cash Flow and Debt Management - The company generated a Net Cash Flow of $53 million in Q3 2025, bringing the cumulative total to $62 million by the end of September [15][17] - Viridien actively managed its liabilities, executing partial bond redemptions totaling $48 million in early October, which is expected to save approximately $4.5 million in annual interest [17][27] Outlook - Despite volatile oil prices, exploration and seismic activities are expected to remain resilient, supported by positive fundamentals in the E&P sector [20][21] - Viridien is confident in its ability to sustain strong cash generation and advance its deleveraging objectives, aiming for a Net Cash Flow target of $100 million in 2025 [22][28]