EXPRO GROUP HOLDINGS N.V.

Listed Company

XPROCIK 0001575828NYSELarge AcceleratedOil & Gas Field Services, NecP7FY ends Dec 31

Period

FY 2025

Revenue

$1.61B

Net Income

$51.69M

Total Assets

$2.26B

Equity

$1.53B

Shares Out

113.77M

Op. Cash Flow

$210.17M

Business

EXPRO GROUP HOLDINGS N.V. is a global energy services company that provides technology-enabled solutions across the full well lifecycle. It offers well construction, well flow management, subsea well access, and well intervention and integrity products and services, including tubular running, cementing, testing, metering, and intervention technologies. The company operates through four reporting segments aligned to its operating regions: North and Latin America, Europe and Sub‑Saharan Africa, Middle East and North Africa, and Asia‑Pacific. Its services are delivered to oil, gas and geothermal customers in onshore and offshore markets across over 50 countries.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	1,607	1,713	1,513	1,279	826
Cost of revenue, excluding depreciation and amortization	−1,223	−1,333	−1,241	−1,057	−701
General and administrative expense, excluding depreciation and amortization	−76	−88	−64	−58	−74
Depreciation and amortization expense	−192	−163	−172	−140	−124
Merger and integration expense	−6	−16	−10	−14	−48
Severance and other expense	−29	−17	−14	−8	−8
Total operating cost and expenses	−1,526	−1,619	−1,502	−1,277	−953
Operating income	81	94	11	2	−128
Other income (expenses), net	3	−105,000	1	3	4
Interest and finance expense, net	−14	−13	−4	−241,000	−9
Income before taxes and equity in income of joint ventures	70	82	8	5	−132
Equity in income of joint ventures	17	16	13	16	17
Income before income taxes	86	98	21	21	−116
Income tax expense	−35	−46	−44	−41	−16
Net income (loss)	52	52	−23	−20	−132
Basic (in dollars per share)	0.45	0.45	−0.21	−0.18	−1.64
Diluted (in dollars per share)	0.45	0.45	−0.21	−0.18	—
Basic (in shares)	115	115	109	109	81
Diluted (in shares)	116	116	109	109	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	196	183	152	215	235
Restricted cash	1	2	1	4	4
Accounts receivable, net	477	518	469	419	319
Inventories	168	159	143	154	125
Income tax receivables	32	29	28	27	21
Other current assets	86	74	58	45	53
Total current assets	960	964	852	866	764
Property, plant and equipment, net	523	564	513	—	—
Investments in joint ventures	79	73	66	66	58
Intangible assets, net	251	299	240	230	253
Goodwill	349	349	248	221	180
Operating lease right-of-use assets	73	67	72	75	83
Non-current accounts receivable, net	7	7	10	10	12
Other non-current assets	17	11	12	8	26
Total assets	2,259	2,334	2,013	1,937	1,855
Accounts payable and accrued liabilities	269	340	326	273	213
Income tax liabilities	51	52	45	37	23
Finance lease liabilities	2	2	2	1	1
Operating lease liabilities	18	17	18	19	20
Other current liabilities	103	72	98	108	74
Total current liabilities	444	484	489	438	331
Long-term borrowings	79	121	20	0	—
Deferred tax liabilities, net	20	44	23	30	32
Post-retirement benefits	314,000	10	10	11	29
Finance lease liabilities	13	14	16	14	16
Operating lease liabilities	56	48	55	61	74
Uncertain tax positions	78	75	60	58	—
Other non-current liabilities	36	45	44	39	76
Total liabilities	725	842	717	651	557
Commitments and contingencies (Note 18)	—	—	—	—	—
Common stock, 0.06 nominal value, 200,000 shares authorized, 122,384 and 121,091 shares issued	9	8	8	8	8
Treasury stock (at cost), 8,823 and 4,796 shares	−127	−83	−65	−41	—
Additional paid-in capital	2,110	2,079	1,909	1,847	1,828
Accumulated other comprehensive income	18	14	22	28	20
Accumulated deficit	−476	−527	−579	−556	−536
Total stockholders equity	1,534	1,491	1,296	1,286	1,298
Total liabilities and stockholders equity	2,259	2,334	2,013	1,937	1,855

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation expense	29	26	20	18	—
Elimination of unrealized profit on sales to joint ventures	231,000	4,000	4	0	174,000
Deferred taxes	−19	−6	−10	−1	−737,000
Unrealized foreign exchange (gain) loss	−8	6	6	6	1
Changes in fair value of contingent consideration	−283,000	−6	576,000	0	0
Accounts receivable, net	42	−17	−35	−98	−20
Inventories	−9	5	11	−26	906,000
Other assets	−18	−12	−17	4	13
Accounts payable and accrued liabilities	−65	−11	35	35	5
Other liabilities	29	−20	−18	31	−6
Income taxes, net	−973,000	12	9	10	−2
Dividends received from joint ventures	11	8	8	7	4
Other	−8	−14	−10	−13	−12
Net cash provided by operating activities	210	169	138	80	16
Capital expenditures	−112	−144	−122	−82	−82
Payment for acquired businesses, net of cash acquired	0	−32	−29	0	0
Proceeds from settlement of contingent consideration	0	8	0	—	—
Proceeds from disposal of assets	5	3	2	7	4
Proceeds from sale / maturity of investments	0	0	572,000	11	0
Net cash used in investing activities	−107	−165	−148	−71	112
(Cash pledged for) release of collateral deposits	−447,000	1	−217,000	−70,000	162,000
Payment of contingent consideration	0	−14	0	0	—
Proceeds from long-term borrowings	0	117	50	0	0
Repayments of long-term borrowings	−42	−44	−65	0	0
Repurchase of common stock	−40	−14	−20	−13	0
Payment of withholding taxes on stock-based compensation plans	−2	−3	−3	−4	−818,000
Repayment of financed insurance premium	−11	−11	−9	−7	−227,000
Repayments of finance leases	−2	−2	−2	−1	−1
Net cash (used in) provided by financing activities	−97	30	−49	−26	−7
Effect of exchange rate changes on cash and cash equivalents	7	−2	−6	−5	−2
Net increase (decrease) to cash and cash equivalents and restricted cash	13	31	−65	−21	119

Filings

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