BAKU, Azerbaijan, April 25. TechnipFMC has reported strong revenue growth for the first quarter of 2025, with total company revenue reaching $2.23 billion, marking a 9.4% increase compared to the same period last year, Trend reports.
However, net income attributable to the company was $142 million, a 9.6% decrease year-on-year, or $0.33 per diluted share.
The company’s results for Q1 2025 included after-tax charges and credits amounting to $0.9 million in expenses. When adjusting for these items, TechnipFMC reported an adjusted net income of $142.9 million, a notable 46.4% increase from Q1 2024. Adjusted earnings per diluted share were also $0.33.
Adjusted EBITDA for the quarter stood at $343.8 million, reflecting a 36.1% increase year-on-year, with an adjusted EBITDA margin of 15.4%.
The company also noted a foreign exchange loss of $12.1 million, which impacted net income by $8.1 million after tax. Excluding this foreign exchange loss, net income would have been $150.1 million, while adjusted EBITDA, excluding foreign exchange effects, amounted to $355.9 million.