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TGS Q2 Order Backlog At USD 425 Mln

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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

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