Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
Introduction & Market Context
Technip (EPA:FTI) Energies (EURONEXT:TE) presented its H1 2025 results on July 31, 2025, showcasing solid financial performance with double-digit growth in key metrics despite challenging market conditions. The company’s stock closed at €37.20 on July 30, down 1.06% ahead of the results announcement, but has shown resilience with a price significantly higher than after its Q1 results, when it traded at €29.36.
The engineering and technology company highlighted its strategic positioning in both traditional energy markets and emerging decarbonization sectors, emphasizing its ability to deliver consistent growth while maintaining a strong balance sheet.
H1 2025 Financial Highlights
Technip Energies reported substantial year-over-year growth across its key financial metrics for the first half of 2025, continuing the momentum seen in Q1 results.
As shown in the following key performance indicators chart, the company achieved significant improvements in revenue, recurring EBITDA, and free cash flow:
Revenue reached €3.6 billion, up 12.5% from €3.2 billion in H1 2024, while recurring EBITDA grew to €319 million, a 13.5% increase from €281 million in the prior year. The company’s free cash flow performance was particularly strong at €322 million, representing a 33.6% jump from €241 million in H1 2024.
The company maintained its robust financial position with a detailed breakdown of key financial metrics:
Diluted earnings per share increased to €1.07 from €1.04 in H1 2024, while free cash flow conversion improved dramatically to 101% from 86% in the previous year. Technip Energies’ net cash position strengthened to over €1.6 billion, up from over €1.4 billion at the end of 2024.
The company’s backlog stood at €18.0 billion, down 8.2% from €19.6 billion at year-end 2024, but still representing approximately 2.5 times annual revenue, providing multi-year visibility on future projects.
Segment Performance
Technip Energies’ business is divided into two main segments: Project Delivery and Technology, Products & Services, each showing different performance trends.
The Project Delivery segment, which handles major engineering and construction projects, demonstrated strong revenue growth but experienced slight margin pressure:
Revenue in this segment increased by 24% to €2,736 million, driven primarily by high activity levels on LNG projects in Qatar. While recurring EBITDA grew by 17% to €215 million, the EBITDA margin contracted slightly to 7.8% from 8.3% in H1 2024.
In contrast, the Technology, Products & Services segment showed improving profitability despite a slight revenue decline:
Although revenue decreased by 5% to €910 million, recurring EBITDA increased by 13% to €137 million, with margins expanding significantly to 15.1% from 12.7% in H1 2024. This improvement was attributed to ethylene furnaces deliveries, catalyst supply, and project management consultancy activities.
The company’s free cash flow generation remained strong, with a detailed breakdown showing the components contributing to its cash position:
Operating cash flow reached €366 million, with free cash flow of €332 million including a €10 million inflow from working capital and provisions. The company paid €150 million in dividends during the period, while maintaining a gross cash position of approximately €4.0 billion.
Strategic Positioning & Market Outlook
Technip Energies highlighted its diversified order intake across markets and geographies, positioning the company to capitalize on both traditional energy and decarbonization opportunities:
The order intake diversification shows a balanced approach with 50% in Energy, 39% in Decarbonization, and 10% in Energy Derivatives. Geographically, the company maintains a global footprint with 30% of orders from Europe, 30% from the Americas, 32% from the Middle East, and the remainder from Asia-Pacific and other regions.
The company emphasized its leadership position in the LNG market, where it claims over 35% market share for projects reaching final investment decision (FID) between 2020 and 2025 year-to-date:
In the decarbonization sector, Technip Energies highlighted significant opportunities in blue hydrogen, carbon capture, and sustainable aviation fuel (SAF), with a total addressable market of billions of euros through 2030:
The company secured a major award during Q2 2025 for the Blue Point Number One Project in the US, which will be the world’s largest low-carbon ammonia plant:
Technip Energies also emphasized its commitment to sustainability initiatives, which are increasingly important for securing new business in the energy transition landscape:
Updated Guidance & Forward-Looking Statements
Based on its strong first-half performance, Technip Energies updated its guidance for 2025, particularly for the Technology, Products & Services segment:
The company maintained its Project Delivery revenue guidance at €5.2-5.6 billion with an EBITDA margin of approximately 8%. For the Technology, Products & Services segment, it raised the EBITDA margin guidance to 14.0-14.5%, reflecting the improved profitability seen in H1 2025.
CEO Arnaud Pieton summarized the company’s position and outlook in the key takeaways:
The company highlighted its solid first half with year-over-year growth of 15% in revenue and 13% in EBITDA, award momentum with the major blue ammonia facility project in the US, and strong long-term fundamentals focused on value creation through disciplined operations and consistent free cash flow generation.
Looking ahead, Technip Energies expects continued growth in the LNG market despite regulatory challenges, particularly in the US where the company sees good progress in permitting and offtakes. The company also anticipates further opportunities in decarbonization projects, leveraging its technological expertise and market leadership positions.
Full presentation:
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.