TGS Q2 Order Backlog At USD 425 Mln
TGS ASA 
TGS:
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
