Viridien reported robust financial performance in 2025, with segment revenue climbing 4% to $1,165 million while adjusted EBITDA surged 21% to $551 million, reflecting operational momentum across its core business divisions. The Geoscience segment led growth at 10%, while Earth Data contributed a 6% increase, demonstrating the company's ability to capitalize on demand across its service offerings. Net income under IFRS standards climbed 40% year-over-year to $71 million, underscoring improved profitability despite a competitive market environment.
The company's balance sheet benefited from disciplined capital management, with net cash generation of $107 million exceeding prior guidance and net debt declining to $753 million. This performance reflects both operational efficiency and management's commitment to debt reduction, positioning the company favorably for future investments and shareholder returns. Looking ahead to 2026, Viridien has guided for $100 million in net cash flow generation, signaling continued focus on deleveraging and financial strength.
The results coincide with a strategic leadership transition, with Sophie Zurquiyah moving from Chief Executive Officer to Non-Executive Chair. Henning Berg will assume the Chief Executive Officer role, bringing fresh perspective to the company's strategic direction while maintaining operational continuity. The transition underscores the board's confidence in leadership depth and its vision for sustained performance in the coming year.