Hunting Reports 'Very, Very Good Year' in 2025

Energy services firm highlights improved margins, cash generation, and strategic repositioning.

Published on Mar. 5, 2026

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Hunting (LON:HTG) outlined what executives described as a 'very, very good year' in 2025, pointing to improved margins, continued cash generation, and progress on its strategic repositioning toward higher-return product lines and a broader geographic footprint. Management also addressed geopolitical uncertainty in the Middle East, noting the company has personnel in Saudi Arabia and Dubai who were reported to be safe.

Why it matters

Hunting's strong 2025 performance and strategic moves demonstrate its ability to navigate industry challenges and position itself for long-term growth, even amid geopolitical tensions that can impact the energy sector.

The details

Hunting reported 2025 EBITDA of $135.7 million, with turnover 'flat year-on-year at just over $1 billion.' The company highlighted cash generation as a central theme, generating $63 million in cash after acquisitions, dividend increases, and share buybacks. Hunting also emphasized working capital efficiency, with working capital as a percentage of sales falling to 33% from more than 70% in 2020.

  • Hunting reported 2025 results in early 2026.
  • The company expects a 'big conversion in quarter two into orders,' with the order book potentially approaching $500 million by Q3.

The players

Hunting

A global precision engineering group that provides products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Jim Johnson

CEO of Hunting.

Bruce Ferguson

Finance Director of Hunting.

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