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]

Core Insights - GTT reported a revenue of 600 million euros for the first nine months of 2025, reflecting a strong growth of 29% compared to the same period in 2024, leading to an upward revision of annual objectives [1][22][29] Business Performance - The commercial performance of GTT's core business remained robust, with 19 LNG carrier orders and seven Very Large Ethane Carrier (VLEC) orders during the first nine months of 2025, indicating resilience in global demand for LNG transport [3][5] - The company achieved a solid order intake, including 19 LNG carriers, 7 ethane carriers, 1 Floating LNG (FLNG), 18 LNG-powered container ships, and 1 LNG bunker vessel [9][22] Digital and Technological Advancements - GTT completed the acquisition of Danish company Danelec on July 31, 2025, positioning itself as a global leader in vessel performance management and Voyage Data Recorders, which is expected to create significant cross-sales opportunities [4][14] - The digital business saw a sharp increase in revenue to 19.9 million euros, an 83.4% rise, bolstered by Danelec's contribution [23] Innovation and New Technologies - GTT launched GTT Cubiq, a new LNG tank technology in September 2025, addressing the needs of container-ship owners [5][17] - The company received approvals for its new technologies, including the GTT Cubiq™ tank technology and optimized containment systems for ethane transportation, showcasing its commitment to innovation [17] Financial Outlook - GTT revised its 2025 financial objectives upwards, projecting revenue between 790 million euros and 820 million euros and EBITDA between 530 million euros and 550 million euros [29][26] - The revenue from new builds reached 558.3 million euros, up 30.2% compared to the first nine months of 2024, driven by an increase in LNG carriers under construction [24] Strategic Ventures - GTT Strategic Ventures made two new investments in companies focused on CO₂ capture and wave energy technology, reinforcing its commitment to maritime energy transition [20][19]

Core Business Performance - GTT reported a strong financial performance in the first half of 2025, with a revenue growth of 32% to €389 million compared to the same period in 2024 [10][24][27] - EBITDA increased by 49% to €264 million, achieving an EBITDA margin of 68% [7][24][25] - The company secured 17 new orders in the first half of 2025, including ten LNG carriers and seven Very Large Ethane Carriers (VLECs) [4][10][27] Market Dynamics - The lifting of the moratorium on new LNG projects in the United States has led to renewed investment decisions, with three new liquefaction projects approved, totaling a capacity of 36 Mtpa [4] - GTT's core business remains robust despite geopolitical uncertainties, maintaining strong commercial momentum [4][10] Technological Advancements - GTT continues to invest in R&D, obtaining Approvals in Principle for solutions compatible with ethane transport and ammonia use, enhancing its position in the energy transition [5][19][20] - The acquisition of Danelec, a Danish company specializing in maritime data solutions, positions GTT as a leader in vessel performance management [6][15] Digital Business Growth - The digital segment showed sustained momentum, with significant contracts awarded, including a selection by TMS group for Smart Shipping solutions across over 130 vessels [12][13] - The gross margin for the digital business reached 57% in the first half of 2025, up from 48% for the full year 2024 [14] Financial Outlook - GTT confirmed its full-year 2025 objectives, projecting consolidated revenue between €750 million and €800 million and EBITDA between €490 million and €540 million [29][34] - An interim dividend of €4 per share was approved, aligning with the company's distribution policy [10][29] Order Book and Future Projections - As of June 30, 2025, GTT's order book stood at 308 units, with high visibility on revenue supported by core business orders [21][29] - The company anticipates revenue of €1.698 billion over the 2025-2028 period, with specific projections for each year [29]