Expro Group Holdings NV
XBER:FK2
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Expro Group Holdings NV
XBER:FK2
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Expro Group Holdings NV
Expro Group Holdings NV engages in the provision of energy services. The company is headquartered in Houston, Texas and currently employs 7,600 full-time employees. The company went IPO on 2013-08-09. Its segments include North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC). The Company’s products and services include well construction, well flow management, subsea well access, and well intervention and integrity which enhance production and enhance recovery across the well lifecycle, from exploration through abandonment. The well construction products and services support customers’ new wellbore drilling, wellbore completion and recompletion, and wellbore plug and abandonment requirements. The well management offerings consist of well flow management, subsea well access and well intervention and integrity services. The well flow management services provide comprehensive well flow management systems for the safe production, measurement, and sampling of hydrocarbons from a well during the exploration and appraisal phase of a new field.
Expro Group Holdings NV engages in the provision of energy services. The company is headquartered in Houston, Texas and currently employs 7,600 full-time employees. The company went IPO on 2013-08-09. Its segments include North and Latin America (NLA), Europe and Sub-Saharan Africa (ESSA), Middle East and North Africa (MENA), and Asia-Pacific (APAC). The Company’s products and services include well construction, well flow management, subsea well access, and well intervention and integrity which enhance production and enhance recovery across the well lifecycle, from exploration through abandonment. The well construction products and services support customers’ new wellbore drilling, wellbore completion and recompletion, and wellbore plug and abandonment requirements. The well management offerings consist of well flow management, subsea well access and well intervention and integrity services. The well flow management services provide comprehensive well flow management systems for the safe production, measurement, and sampling of hydrocarbons from a well during the exploration and appraisal phase of a new field.
2025 results: Expro said full-year revenue was just over $1.6 billion, adjusted EBITDA was $353 million, and adjusted free cash flow was $127 million, which was more than double 2024 and above the top end of guidance.
Margins improving: Full-year adjusted EBITDA margin reached 22%, up 170 basis points year over year, and management said it is still working toward a long-term 25% margin goal.
2026 outlook: Revenue is expected to be about flat with 2025, but management still expects EBITDA margins and free cash flow to improve, helped by DRIVE 25, better capital efficiency, and more wallet share with existing customers.
Backlog strength: Backlog ended the year at $2.5 billion, up $196 million in the quarter, giving the company solid visibility into 2026.
Seasonality and demand: Management described a softer first quarter because of normal winter and budget-cycle seasonality, but said activity should improve later in the year, with international offshore and deepwater projects leading the recovery.
