Expro has reported robust financial results for Q2 2025, supported by strong operational execution and new technology deployments across key offshore markets, including the North Sea.
The company posted US$423mn in revenue—exceeding its guidance—and delivered an adjusted EBITDA margin of 22%, marking its third consecutive record quarter. Free cash flow reached US$27mn, with adjusted free cash flow at $36 million.
CEO Michael Jardon credited the company’s consistent growth to strategic investment, cost discipline, and global execution, “Our new business wins are a testament to the trust our customers place in Expro and highlight our commitment to safety, service quality, and the delivery of cost-effective, technology-driven solutions throughout the well lifecycle.”
In the UK North Sea, Expro extended a three-year contract worth approximately US$30 million for well intervention, well services, and well testing—continuing a long-standing collaboration with a major operator. The company also achieved an industry first by deploying its Remote Clamp Installation System (RCIS) in the region—successfully running a fully hands-free upper completion, reducing installation time by 50% per clamp. The RCIS, developed with a super major, is already securing follow-on deployments.
These developments are part of a broader international push. In Q2 alone, Expro secured major contracts in Guyana, Mexico, Brazil, Angola, MENA, and Asia Pacific, reinforcing its diverse global footprint and offshore capabilities.
Read the complete story on Expro's official website here
