Short answer
EXPRO GROUP HOLDINGS N.V. (XPRO) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $1.6B (−6.2% year over year) and net income of $52M.
- Top risk flagged: Regulatory risk from EU sustainability laws and varying US state GHG reporting rules increasing compliance costs and risk of violations
FY2025 key financial metrics · XBRL
- Revenue
- $1.6B
- −6.2% YoY
- Net income
- $52M
- −0.4% YoY
- Operating margin
- 5.0%
- −0.4 pp YoY
- EPS (diluted)
- $0.45
- +0.0% YoY
- ROE
- 3.4%
- −0.1 pp YoY
- Operating cash flow
- $210M
- +24.0% YoY
Source: XBRL data from the EXPRO GROUP HOLDINGS N.V. (XPRO) FY2025 10-K on SEC EDGAR. USD.
EXPRO GROUP HOLDINGS N.V. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global oilfield services including well construction, completion, and intervention solutions
- No new products or segments introduced or emphasized in fiscal 2026 filing
- Increased emphasis on compliance risk related to evolving data protection/privacy regulations, including GDPR impacts
- Regulatory compliance costs and risk of fines due to privacy laws a significant focus; data breach risk highlighted
- Dutch corporate structure specifics detailed, including governance provisions affecting shareholder rights and takeover defenses
Management Discussion & Analysis
- Revenue $1,607.1M for 2025, down $105.7M or 6.2% YoY from $1,712.8M in 2024, declines mainly in ESSA and APAC segments
- Adjusted EBITDA $353.0M in 2025, up 1.6% YoY from $347.4M; margin improved to 22.0% vs 20.3% in 2024
- Best performing segment margin: MENA with 38.8% Segment EBITDA margin (Q4 2025); worst: APAC with 16.4% margin and declining revenue
- Operating cash flow $210.2M in 2025, up $40.7M YoY; no specifics on buybacks/dividends/capex disclosed in excerpt
- 2026 outlook: cautious optimism with modest upstream investment recovery; Brent price forecast ~$56/bbl; growth in MENA, offshore, brownfield activity, and gas/LNG demand
Risk Factors
- Regulatory risk from EU sustainability laws and varying US state GHG reporting rules increasing compliance costs and risk of violations
- Geopolitical exposure to Russian war in Ukraine and Middle East conflicts disrupting oil/gas demand and market price volatility
- Supplier concentration risk with dependence on limited third-party suppliers possibly disrupting product availability and manufacturing
- Competitive threat from industry technological advances and risk of competitors securing patents before the company
- Financial risk from customer credit concentration in energy industry with potential write-offs and delayed payments impacting cash flow
Generated from the filing text; verify against the original. How to read a 10-K
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