Hunting PLC (LSE:HTG) reported EBITDA of $135.7m for 2025, representing a 7% increase year on year, while EBITDA margin improved by one percentage point to 13%. Revenue declined 3% to $1.02bn during the period, but adjusted profit before tax rose to $79.7m. Statutory profit before tax reached $65.5m, compared with a loss in the previous year.
The group said performance was supported by growth in higher-margin activities, with non-oil and gas revenue increasing 10%. Its order book also strengthened to $358m, reflecting demand across its core product lines and the benefits of portfolio optimisation.
Hunting continued to implement its Hunting 2030 strategy through a series of targeted initiatives. These included acquisitions focused on subsea technologies and oil recovery solutions, as well as securing a major contract with Kuwait Oil Company. The company also carried out restructuring measures aimed at reducing costs and improving operational efficiency.
Alongside these strategic moves, the group has maintained a disciplined capital allocation approach. This includes higher dividend distributions and an expanded share buyback programme designed to enhance shareholder returns.
Management reaffirmed its outlook for 2026, guiding toward EBITDA in the range of $145m to $155m. The company expects continued earnings growth driven by international diversification and increased exposure to offshore and subsea markets, while acknowledging that geopolitical tensions in regions such as the Middle East remain a potential risk factor.
Hunting’s overall outlook is supported by strong cash flow generation in 2024 and a relatively low-leverage balance sheet, along with shareholder-friendly actions such as buybacks. However, profitability has been volatile in recent years, with losses following earlier profitable periods. Technical indicators also suggest softer market momentum, with a negative MACD signal and an RSI below 50.
More about Hunting
Hunting PLC is a London-listed precision engineering company supplying products and services to the global energy industry. Its portfolio spans oil and gas equipment, subsea technologies and advanced manufacturing solutions. In recent years the group has sought to diversify into higher-growth markets such as aviation, space and subsea systems, while expanding its presence across the Middle East, the Americas and other international regions.
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