**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
| Metric | 2025 | 2024 | Variance |
|---|---|---|---|
| Revenue | $1,018.8m | $1,048.9m | -$30.1m |
| Non-oil and gas revenue | $82.9m | $75.1m | +$7.8m |
| EBITDA | $135.7m | $126.3m | +$9.4m |
| EBITDA margin | 13% | 12% | +1pp |
| Adjusted profit before tax | $79.7m | $75.6m | +$4.1m |
| Adjusted diluted earnings per share | 34.1 cents | 31.4 cents | +2.7 cents |
| Free cash flow | $96.6m | $139.7m | -$43.1m |
| Total cash and bank / (borrowings) | $62.9m | $104.7m | -$41.8m |
| Net assets | $855.3m | $902.3m | -$47.0m |
| ROCE | 10% | 9% | +1pp |
| Final dividend proposed | 6.8 cents | 6.0 cents | +0.8 cents |
| Non-cash goodwill impairment | - | $109.1m | -$109.1m |
| Operating profit / (loss) | $76.3m | $(21.1)m | +$97.4m |
| Profit / (loss) before tax | $65.5m | $(33.5)m | +$99.0m |
| Diluted earnings / (loss) per share | 24.6 cents | (17.6) cents | +42.2 cents |
| Net cash inflow from operating activities | $138.9m | $188.5m | -$49.6m |