Viridien - comment

The financial update from Viridien for FY25 is slightly above our projections, with revenue of USD1,150m vs. our forecast of USD1,116m. Pre-IFRS 16 debt is also in line (at USD750m). The Equipment business came in marginally below our forecast, which we expect to be a result of some budget adjustments by clients due to oil prices staying below USD60 per barrel. In other press reports, management said it has no current plans to sell this division, but we expect it is under consideration. Full results will be released on February 26 after market close.

https://www.viridiengroup.com/company/newsroom/press-release/full-year-2025-financial-update