TechnipFMC plc reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $9.93 billion, a rise of 9.4% from $9.08 billion in 2024. The company's net income also saw a substantial increase, climbing to $963.9 million compared to $842.9 million in the previous year, marking a 14.4% growth. This improvement was primarily driven by a robust performance in the Subsea segment, which generated $8.67 billion in revenue, up from $7.82 billion in 2024, reflecting a 10.8% increase. The Surface Technologies segment contributed $1.27 billion, slightly up from $1.26 billion in the prior year.
The company experienced a notable 15% growth in its backlog, which reached $16.57 billion, supported by inbound orders totaling $11.16 billion. This growth was attributed to increased demand for Subsea services, particularly in regions such as Brazil, Norway, and Nigeria. TechnipFMC's strategic focus on its integrated engineering, procurement, construction, and installation model (iEPCI™) has proven effective, with over 80% of Subsea inbound orders coming from direct awards and iEPCI™ projects. The company also reported a significant increase in cash provided by operating activities, which rose by 84% to $1.76 billion, and free cash flow grew by 113% to $1.45 billion.
In terms of operational developments, TechnipFMC's workforce increased to 25,407 employees, up from 25,304 in 2024, reflecting the company's commitment to expanding its capabilities. The company has also emphasized its focus on sustainability and energy transition, with ongoing investments in greenhouse gas removal and offshore renewable energy projects. Notably, TechnipFMC is executing several first-of-its-kind projects, including the Mero 3 HISEP® project for Petrobras in Brazil, aimed at reducing emission intensity while increasing production.
Looking ahead, TechnipFMC maintains a positive outlook for 2026, anticipating continued growth driven by a resilient global economy and increased investment in energy security. The company plans to return at least 70% of its free cash flow to shareholders, reinforcing its commitment to shareholder value. With a strong market position and innovative technologies, TechnipFMC is well-positioned to capitalize on the evolving energy landscape, particularly in offshore and Middle Eastern markets, where deepwater projects are expected to attract significant capital investment.
About TechnipFMC plc
TechnipFMC is a global provider of technology, engineering, and services for the energy industry, specializing in subsea and surface solutions. Its core offerings include integrated subsea systems, project execution models, and onshore equipment for oil, gas, and renewable energy markets. The company focuses on innovation, digitalization, and energy transition solutions, serving major oil companies, national oil firms, and energy service providers worldwide.
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