**Summary of Hunting PLCs Half-Year Report for the 6 Months Ended 30 June 2025**
Hunting PLC, a precision engineering group, reported strong financial performance for the first half of 2025, with year-on-year growth in revenue, adjusted operating profit, and adjusted earnings. Key highlights include
**Financial Performance**Revenue increased to $528.6 million (H1 2024: $493.8 million), with adjusted profit before tax rising to $43.7 million (H1 2024: $36.2 million). EBITDA grew by 16% to $70.2 million, and free cash flow reached $66.2 million.
**Strategic Acquisitions**Completed acquisitions of Flexible Engineered Solutions ($64.8 million) and Organic Oil Recovery technology ($18.2 million), enhancing subsea and oil recovery capabilities.
**Order Book Growth**Secured $69 million in new subsea orders, including $46 million for titanium stress joints and $23 million for bespoke equipment in the North Sea.
**Operational Execution**Successfully delivered orders for Kuwait Oil Company and ExxonMobil Guyana, with strong margins in the final shipments.
**Portfolio Optimization**Divested Rival Downhole Tools for $13 million and restructured European operations, targeting $11 million in annual cost savings.
**Shareholder Returns**Increased interim dividend to 6.2 cents per share (up 13%) and launched a $40 million share buyback program.
**Outlook**Despite market volatility, the Group maintains a strong tender pipeline exceeding $1 billion and reaffirms full-year EBITDA guidance of $135–$145 million, supported by a robust balance sheet and net cash position.
Hunting PLC continues to execute its Hunting 2030 Strategy, focusing on profitable growth, strategic acquisitions, and enhanced shareholder returns.