Brief: TGS Q2 Order Backlog At USD 425 Mln

TGS ASA

17/07/2025 06:08

July 17 (Reuters) - TGS ASA TGS.OL:

Q2 ORDER BACKLOG USD 425 MILLION

ORDER INFLOW USD 133 MILLION IN Q2, BACKLOG USD 425 MILLION

NET CASH FLOW USD 11 MILLION IN Q2 2025

MAINTAINING A STABLE DIVIDEND PAYMENT OF USD 0.155 PER SHARE TO BE PAID IN Q3 2025

GROSS OPERATING COSTS FOR 2025 EXPECTED AT USD 950 MILLION (PREV GUIDANCE OF ABOUT USD 1,000 MILLION)

GROSS OPERATING COSTS REDUCTION FOR 2025 DRIVEN BY FURTHER EFFICIENCY GAINS AND VESSEL SCHEDULING

LOWER-THAN-EXPECTED PARTNER PARTICIPATION IN MULTI-CLIENT PROJECTS RESULTED IN LOWER RECOGNITION OF CONTRACT REVENUES AND HIGHER MULTI-CLIENT INVESTMENTS

END-OF-QUARTER DATA LICENSING CAME IN BELOW EXPECTATIONS, WITH SEVERAL DATA LICENSING DEALS BEING POSTPONED

MULTI-CLIENT REVENUES IMPACTED BY POSTPONED DATA PURCHASES

Q2 PRODUCED EBIT LOSS $21.5 MILLION

Q2 PRODUCED REVENUE $307.9 MILLION

Source text: ID:nGNE4xJSQB

Further company coverage: TGS.OL

 (Gdansk Newsroom)

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