CGG Stock Price, News & Analysis

Viridien (CGG) has announced the filing of its 2025 interim financial report with the French financial markets authority (AMF) on July 31, 2025. The report, covering the period ending June 30, 2025, is now accessible to investors and the public on the company's website under the Investors section.

Viridien (CGG) reported solid Q2 2025 results with segment revenue reaching $274 million, up 6% year-on-year. The company achieved segment adjusted EBITDAs of $107 million (+14% YoY) with a 39% margin improvement of 270 basis points. Key highlights include $30 million Net Cash Flow generation in Q2 and successful bond refinancing extending maturity to October 2030.

Performance was driven by Geoscience revenue growth of 10% to $115 million and Sensing & Monitoring revenue increase of 14% to $93 million. The Data, Digital and Energy Transition segment revenue grew 3% to $181 million. Despite working capital pressure from $50 million in overdue PEMEX receivables, the company reaffirmed its 2025 objective of generating approximately $100 million in Net Cash Flow.

Viridien (CGG) has scheduled the release of its Q2 2025 financial results for Thursday, July 31, 2025, after market close. The company will publish its press release and presentation on their website at 5:45 PM CET.

An English-language conference call will follow at 6:00 PM CET. Investors can participate by pre-registering to receive dial-in details and PIN code, or join via webcast. A replay will be available on the company's website for 12 months following the call.

Viridien (CGG) has reported its monthly update on voting rights and shares as of June 30, 2025. The company's total issued shares stand at 7,180,449, with 7,213,499 actual voting rights and 7,213,748 theoretical voting rights.

The company notes that all shares carry equal voting rights, except for treasury shares (which have no voting rights) and registered shares held for over two years (which carry double voting rights). This disclosure is made in accordance with French regulatory requirements.

Viridien has introduced Sercel Accel, the world's first onshore drop node solution for seismic data acquisition, at the EAGE Annual Conference in Toulouse. The innovative system eliminates the need for node burial, reducing deployment time and labor costs by up to 30% while enhancing safety. Powered by Sercel QuietSeis MEMS sensor and featuring Pathfinder QC technology, Accel provides real-time monitoring and reliable node retrieval. The system introduces modular Solution Packs combining nodes, software, and services, allowing customers to scale operations based on project requirements. This revolutionary technology streamlines logistics, improves field agility, and maintains high data quality standards, marking a significant advancement in land seismic acquisition technology.

Viridien (CGG) has released its monthly voting rights and share capital information as of May 31, 2025. The company reported a total of 7,161,465 issued shares, with 7,185,739 actual voting rights and 7,185,988 theoretical voting rights. The difference in voting rights is due to the company's policy where treasury shares have no voting rights, while registered shares held for more than two years are granted double voting rights. This disclosure is made in compliance with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF regulations.

Viridien (CGG) has released its monthly voting rights and share information as of April 30, 2025, in accordance with French regulatory requirements. The company reported 7,161,465 total issued shares, with 7,185,738 actual voting rights and 7,185,987 theoretical voting rights. The difference in voting rights is due to the company's policy where treasury shares have no voting rights, while registered shares held for more than two years are granted double voting rights. This disclosure complies with Article L. 233-8 II of the French Commercial Code and Article 223-11 of the AMF General Regulation.

Viridien has secured a significant contract with Oil and Natural Gas Corporation (ONGC) to provide its Sercel Marlin™ Offshore Logistics management solution for ONGC's Western offshore E&P operations in India. The deal includes a five-year contract for dedicated on-premises software and support services. The solution will digitize ONGC's offshore logistics through real-time vessel tracking and optimize operational planning and helicopter transit management. Key features include:

• Integration with ONGC's ERP systems for efficient data exchange
• Advanced AI and ML algorithms for enhanced operational efficiency
• Support for ONGC's carbon neutrality goals
• Flexibility for both cloud-based and on-premises deployment

This strategic sale expands Viridien's presence in India's offshore energy sector and reinforces its position in operations and logistics software.

Viridien held its Combined General Meeting on April 30, 2025, where shareholders approved all proposed resolutions. Key highlights include the appointment of new statutory auditors - DELOITTE & ASSOCIES and BDO PARIS - and the renewal of board member terms.

Notable board changes include Sophie ZURQUIYAH being appointed as Chairperson and Chief Executive Officer until 2026, while Philippe SALLE transitions to Vice-Chairman and Lead Independent Director. The board now consists of 8 directors, with impressive diversity metrics: 87.5% independent directors and 50% women.

The company restructured its committees into four key areas: Audit and Risk Management, Appointment, Remuneration and Governance, New Businesses and M&A, and Sustainability. Patrick CHOUPIN's term as employee representative director concluded, with no replacement needed due to changed headcount thresholds.