Palantir shares slip by 7% despite posting record revenue in third quarter
Investing.com -- GTT reported strong momentum for the first nine months of 2025, driven by robust LNG demand and accelerating order activity, sending its shares up over 5% in Paris.
Revenue rose 29% year-on-year to €599.6 million during the period, supported by higher newbuild deliveries and strong LNG carrier construction.
Newbuild revenue climbed 30% to €558.3 million, accounting for 93% of total sales. LNG and ethane carrier revenues rose 32% to €528.1 million, reflecting more vessels under construction.
LNG as fuel revenue fell 32% to €16.4 million due to a high comparison base and rising competition, while electrolyser revenue dropped 45% to €3.7 million.
Digital revenue was a standout, surging 83% to €19.9 million, helped by the Danelec acquisition in July. Excluding that impact, digital revenue still grew nearly 24%.
Service revenue declined slightly by 3% to €17.7 million.
Order activity remained healthy, with 19 new LNG carrier contracts, 7 for ethane carriers, 1 FLNG unit, and 19 LNG-fuel projects, bringing the total order book to 295 units at end-September.
LNG market fundamentals strengthened, with 84 million tons per annum of projects reaching final investment decision (FID) year-to-date—an all-time record led by U.S. developments.
On the back of strong performance and the integration of Danelec, GTT upgraded its full-year 2025 outlook.
Consolidated revenue is now projected between €790 million and €820 million, up from the previous €750–800 million range.
EBITDA guidance was lifted to €530–550 million, compared with €490–540 million earlier.
The company maintained its policy of paying out at least 80% of consolidated net income as dividends.