Derek Podhaizer

Eddie Kim

Atidrip Modak

Ati Modak

Edward Kim

Josh Jayne

Joshua Jayne

Arun Jayaram

David Smith

Steve Ferazani

Blake McLean

Grant Hynes

Kay Hoh

Neil Mehta

- Expro reported Q3 2025 revenue of **$411 million** and EBITDA of **$94 million**, representing a **22.8%** margin.  **[0001575828_2200861_1]** **[0001575828_2200861_5]**  The company achieved its **highest quarterly free cash flow ever** at **$46 million**.  **[0001575828_2200861_1]** **[0001575828_2200861_5]** 
- The company raised its 2025 annual guidance, now expecting adjusted EBITDA between **$350 million and $360 million** and adjusted free cash flow between **$110 million and $120 million**.  **[0001575828_2200861_5]**  CapEx guidance was lowered to **$110 million to $120 million**.  **[0001575828_2200861_5]** 
- Expro repurchased approximately **2 million shares** for **$25 million** in Q3 2025, reaching its **$40 million annual target** ahead of schedule.  **[0001575828_2200861_1]** **[0001575828_2200861_5]** 
- For 2026, Expro expects activity levels and revenue to be largely consistent or slightly lower than 2025, but remains committed to further expanding **EBITDA margins** and generating **even stronger free cash flow**.  **[0001575828_2200861_2]** **[0001575828_2200861_5]**  The company anticipates **similar EBITDA numbers** to 2025.  **[0001575828_2200861_9]**

Expro Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- Expro reported strong Q3 2025 financial results, with **revenue of $411 million**, **EBITDA of $94 million** (representing a **22.8% margin**), and a record-high **adjusted free cash flow of $46 million**.  **[0001575828_2200980_1]** **[0001575828_2200980_5]** 
- The company raised its 2025 annual guidance, now expecting adjusted EBITDA between **$350 million and $360 million** and adjusted free cash flow between **$110 million and $120 million**.  **[0001575828_2200980_5]**  Capital expenditures guidance was lowered to between **$110 million and $120 million**.  **[0001575828_2200980_5]** 
- Expro repurchased **$25 million** in shares during Q3 2025, achieving its **$40 million** annual target ahead of schedule, with **$36 million** remaining under the current repurchase plan.  **[0001575828_2200980_1]** **[0001575828_2200980_5]** 
- For 2026, Expro anticipates activity levels to be **largely consistent, if not slightly lower**, with revenue expectations **relatively flat to slightly down**.  **[0001575828_2200980_2]**  However, the company expects to **further expand EBITDA margins** and achieve **even stronger free cash flow generation**.  **[0001575828_2200980_2]** **[0001575828_2200980_5]** **[0001575828_2200980_7]**

Expro Reports Record Q3 2025 Free Cash Flow and Raises Full-Year Guidance

EXPRO GROUP HOLDINGS (XPRO)