**Hunting PLC Q3 2025 Trading Update Summary:**
Hunting PLC, a global precision engineering group, reported a strong Q3 2025 performance with key highlights
1. **Financial Performance**
Group EBITDA increased by 15% year-on-year to **$100.5 million** for the nine months ending September 2025.
EBITDA margin stood at **13%**.
Sales order book reached **$416.4 million** as of September 30, 2025.
2. **Segment Performance**
**Hunting Titan**Trading ahead of 2024, driven by improved financial performance.
**North America**Marginally ahead of expectations, fueled by robust demand for TEC-LOCKâ„¢ connections.
**Subsea**In line with expectations, with a strong market outlook to 2028. Integration of Flexible Engineered Solutions (FES) is progressing well, unlocking cross-selling opportunities.
**EMEA**Restructuring on track to deliver **$11 million** in annualized cost savings by June 2026, though it has temporarily disrupted trading.
**Asia Pacific**Trading in line with expectations.
**Organic Oil Recovery (OOR)**Scaling up with two North Sea treatments completed for a major operator.
3. **Balance Sheet and Liquidity**
Strong balance sheet with net assets of **$907 million**.
Total cash and bank/(borrowings) at **$47.1 million**, reflecting inventory investment and share buyback impact.
Total liquidity of **$336.5 million** available for acquisition-focused growth.
4. **Share Buyback and Dividend**
**75%** of the **$30 million** share buyback program expected to be completed by year-end.
Interim dividend of **6.2 cents per share** to be paid on October 31, 2025.
5. **Outlook**
2025 EBITDA expected at the **lower end** of the **$135-$145 million** guidance range, reflecting strong year-on-year growth.
Year-end cash and bank/(borrowings) projected at **$40-$45 million**.
Management continues to explore bolt-on acquisition opportunities, particularly in subsea and well completions.
6. **Management Commentary**
CEO Jim Johnson highlighted the Group’s strong performance, balance sheet strength, and focus on growth through acquisitions and shareholder returns.
**Next Trading Update**Scheduled for **January 13, 2026**.
Hunting PLC remains well-positioned for growth, despite temporary disruptions in EMEA, with a robust financial position and strategic focus on key markets and acquisitions.