**Summary of Hunting PLCs Half-Year Report for the 6 Months Ended 30 June 2025**
Hunting PLC, a precision engineering group, reported strong financial performance for the first half of 2025, with year-on-year growth in revenue, adjusted operating profit, and adjusted earnings. Key highlights include
**Financial Performance**Revenue increased to $528.6 million (H1 2024: $493.8 million), with adjusted profit before tax rising to $43.7 million (H1 2024: $36.2 million). EBITDA grew by 16% to $70.2 million, and free cash flow reached $66.2 million.
**Strategic Acquisitions**Completed acquisitions of Flexible Engineered Solutions ($64.8 million) and Organic Oil Recovery technology ($18.2 million), enhancing subsea and oil recovery capabilities.
**Order Book Growth**Secured $69 million in new subsea orders, including $46 million for titanium stress joints and $23 million for bespoke equipment in the North Sea.
**Operational Execution**Successfully delivered orders for Kuwait Oil Company and ExxonMobil Guyana, with strong margins in the final shipments.
**Portfolio Optimization**Divested Rival Downhole Tools for $13 million and restructured European operations, targeting $11 million in annual cost savings.
**Shareholder Returns**Increased interim dividend to 6.2 cents per share (up 13%) and launched a $40 million share buyback program.
**Outlook**Despite market volatility, the Group maintains a strong tender pipeline exceeding $1 billion and reaffirms full-year EBITDA guidance of $135โ$145 million, supported by a robust balance sheet and net cash position.
Hunting PLC continues to execute its Hunting 2030 Strategy, focusing on profitable growth, strategic acquisitions, and enhanced shareholder returns.
Here is the HTML table code comparing the financials and debt year on year for Hunting PLC: < lang="en">
> ### Key Points:
1. **Revenue Growth**: Revenue increased by 7.0% from H1 2024 to H1 2025.
2. **EBITDA Growth**: EBITDA saw a 16.4% increase, reflecting improved operational efficiency.
3. **Adjusted Profit Before Tax**: A 20.7% rise indicates stronger profitability.
4. **Free Cash Flow**: A significant jump of 2264.3% highlights improved cash generation.
5. **Net Cash / (Debt)**: The company moved from net debt to net cash, with a 208.0% improvement.
6. **Total Cash and Bank / (Borrowings)**: A substantial increase of 917.5% reflects stronger liquidity.
7. **Interim Dividend**: A 12.7% increase in the interim dividend demonstrates enhanced shareholder returns. This table provides a clear comparison of key financial metrics and debt position between H1 2025 and H1 2024 for Hunting PLC.