Economia
Viridien Announces its Q4 & Full Year 2024 Results
Paris (France), February 27 , 2025, 17h45 CET
2024: A YEAR OF OVERACHIEVEMENTS
2025: ON TRACK TO DELIVER c .$100 MILLION NET CASH FLOW
Sophie Zurquiyah, Chief Executive Officer of Viridien, said:
“In 2024, we met our revenue and exceeded our profitability and cash generation targets driven by strong commercial successes at Geoscience, a dynamic performance at Earth Data in both our key basins and prospective regions and the continued focus on operational efficiency at Sensing & Monitoring.
In 2025, Viridien will continue strengthening its technology leadership in its core markets while further developing its New Businesses. We anticipate continued improvements thanks to Geoscience's record high backlog, Earth Data's solid pipeline of projects and the termination of contractual fees for vessel commitments, and Sensing & Monitoring's progress towards their restructuring plan.
In this context, we confirm with confidence our target of c.$100 million of net cash generation and balance sheet deleveraging.”
2024 Highlights
The Board of Directors met on February 27, 2025 and approved the consolidated financial statements ending December 31, 2024. The Statutory Auditors are in the process of issuing a report with an unqualified opinion.
About Viridien:
Viridien ( www.viridiengroup.com ) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN ISIN: FR001400PVN6).
Contact:
VP Corporate Finance
Jean-Baptiste Roussille
jean-baptiste.roussille@viridiengroup.com
Q4 & FY 2024- Financial Results
CONSOLIDATED FINANCIAL STATEMENTS - December 31 , 2024
6.1 2023-2024 Viridien consolidated financial statements
6.1.1 CONSOLIDATED STATEMENT OF OPERATIONS
(a) As a result of the July 31, 2024 reverse share split, the calculation of basic and diluted earnings per shares for 2023 has been adjusted retrospectively. Number of ordinary shares outstanding has been adjusted to reflect the proportionate change in the number of shares.
The accompanying notes are an integral part of the consolidated financial statements.
Consolidated statement of comprehensive income (loss)
The accompanying notes are an integral part of the consolidated financial statements.
6.1.2 CONSOLIDATED STATEMENT OF FINANCIAL POSITION
The accompanying notes are an integral part of the consolidated financial statements.
6.1.3 CONSOLIDATED STATEMENT OF CASH FLOWS
The accompanying notes are an integral part of the consolidated financial statements.
6.1.4 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
(a) Pro forma following Reverse Share Split (see note 2 - Significant events, acquisitions and divestitures).
(b) Reverse Share Split: Pursuant to a delegation from the Combined General Meeting of shareholders of May 15, 2024, and a sub-delegation from the Board of Directors held on the same day, a reversed share split has been implemented, on July 31, 2024, on the basis of 1 new share of €1.00 nominal value for 100 old shares of €0.01 nominal value.
The accompanying notes are an integral part of the consolidated financial statements.
All variations refer to the same period last year
Unless otherwise stated , all figures and comment s are referring to “Segment” (i.e. pre-IFRS 15), as defined in the
2023 and 202 4 U niversal R egistration
D ocument s ' glossar ies , under section 8.7
Adjusted for non-recurring items
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