TechnipFMC plc reported a significant increase in its financial performance for the third quarter of 2025, with total revenue reaching $2.65 billion, a 12.7% increase from $2.35 billion in the same period last year. The company's net income attributable to TechnipFMC plc was $309.7 million, up from $274.6 million in the prior year, reflecting a 12.8% increase. For the nine months ended September 30, 2025, total revenue was $7.42 billion, compared to $6.72 billion in 2024, while net income rose to $721.2 million from $618.2 million, marking a 16.7% increase.
The growth in revenue was primarily driven by the Subsea segment, which saw a revenue increase of $291.1 million, attributed to a higher backlog and increased activity in integrated Engineering, Procurement, Construction, and Installation (iEPCI™) projects, particularly in Brazil, the United States, and Israel. The Surface Technologies segment also contributed to the revenue growth, albeit modestly, with a $7.8 million increase due to higher activity in the Middle East, Europe, and Africa, offset by declines in North America and Latin America.
In terms of operational developments, TechnipFMC's order backlog as of September 30, 2025, stood at $16.81 billion, a notable increase from $14.38 billion at the end of 2024. The Subsea backlog increased significantly to $16.04 billion, driven by various projects including those for TotalEnergies and Petrobras. The company also reported a decrease in selling, general, and administrative expenses to $173.2 million from $187.4 million, reflecting cost alignment with evolving business operations.
Strategically, TechnipFMC has focused on enhancing its technological capabilities, particularly in the New Energy sector, where it has announced collaborations to deliver innovative solutions for offshore floating wind and carbon capture. The company has also been active in share repurchases, having repurchased $750.2 million of ordinary shares during the nine months ended September 30, 2025, as part of its ongoing capital return strategy. Looking ahead, TechnipFMC maintains a positive outlook, anticipating continued growth in energy demand and investment in offshore projects, supported by its technological advancements and strategic positioning in the market.
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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