Expro Group (XPRO) Q4 2025 Earnings Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 19, 2026
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Expro Group (XPRO) reported its Q4 2025 earnings, highlighting mixed financial performance alongside significant achievements. While annual revenue fell at the lower end of guidance, reaching $1.6 billion, the company saw strong growth in adjusted EBITDA, which reached $353 million—marking a 22% margin and progress toward its long-term goal of 25%. Adjusted free cash flow also doubled to $127 million, exceeding expectations and demonstrating improved financial health. Despite flat revenue projections for 2026, management emphasized a focus on margin expansion and cash flow generation.
The company’s quarterly results showed Q4 revenue at $382 million with an EBITDA margin of 23%, driven by solid performance in key regions. Notably, Expro secured a major four-year contract worth $380 million for production optimization across North Africa, signaling strong demand and customer confidence. Technological advancements, such as the deployment of the XRD Spider—a cutting-edge drilling tool—highlighted Expro’s commitment to innovation and service differentiation.
Regionally, North and Latin America saw revenue drop due to U.S. project timing shifts but showed resilience in Argentina. Europe and Sub-Saharan Africa experienced a decline in activity, though profitability improved in certain areas like Bulgaria. The Middle East and North Africa (MENA) region posted strong growth, driven by increased well management activities in Algeria and Saudi Arabia. Asia Pacific faced challenges due to reduced activity in key markets, though subsea well access projects provided some offset.
Expro’s liquidity position remained robust at $551 million, with a $20 million voluntary prepayment on its credit facility reducing debt and improving financial flexibility. The company maintained disciplined capital expenditures in line with 2025 levels, signaling a focus on efficiency rather than aggressive expansion. Shareholder returns were prioritized through share repurchases, with the framework aiming to return at least one-third of free cash flow annually.
Management highlighted a cautiously optimistic outlook for 2026, supported by a $2.5 billion backlog and successful technology deployments. While expecting a typical seasonal dip in Q1 due to winter impacts and customer budget cycles, the company anticipates sequential improvements in subsequent quarters. Expro’s strategic focus on margin expansion and cash flow generation positions it well to navigate an uncertain financial landscape while
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Originally published on The Motley Fool on 2/19/2026