Subsea 7 S.A. Announces Second Quarter 2025 Results
Highlights
Second quarter Adjusted EBITDA of $360 million, up 23% on the prior year period, equating to a margin of 21%
Strong operational and financial performance from both Subsea and Conventional and Renewables, with Adjusted EBITDA margins of 21% and 17% respectively
Guidance for full year 2025 re-affirmed
A high-quality backlog of $11.8 billion gives over 90% visibility on 2025 revenue guidance
Balance sheet remains strong with net debt including lease liabilities of $695 million, equating to 0.6 times the Adjusted EBITDA generated in the last four quarters
On 23 July 2025, a definitive agreement with Saipem was signed for a merger of equals that will create a global leader in energy services
