Viridien: net cash flow up 73% in 2024

(CercleFinance.com) - Viridien (formerly CGG) has announced a 73% increase in net cash flow to $56m, and a 14% increase in adjusted EBITDA to $455m for 2024, on sales that are down 1% to nearly $1.
12bn.

It says that it has achieved its targets, thanks to the commercial success of geoscience, a good performance by earth data in its main basins and prospective regions, and the continued focus on operational efficiency at sensing & monitoring.

The group also had net debt of $921m at end-2024 (compared with $974m a year earlier) and cash of $392m (including $90m in undrawn revolving credit facilities).

For 2025, Viridien anticipates net cash flow of around $100m and estimates that refinancing of its bonds could be completed this year, ahead of the initial Q1 2026 forecast.


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