GTT Reports Record Revenue of 803 Million Euros in 2025
The company specializing in cryogenic containment systems for the transport of liquefied gases recorded vigorous growth in revenue and profitability over the past fiscal year. This performance marks the third consecutive year of significant increase, driven by strong demand for LNG carriers.
Financial Performance Highlights
GTT generated consolidated revenue of 803 million euros in 2025, up 25% compared to 641.4 million euros the previous year. Consolidated EBITDA stood at 541.8 million euros, an increase of 39.6% compared to 2024. These results represent the third consecutive year of robust growth for the group. Revenue from containment systems for new builds reached 739.3 million euros, benefiting from an increase in the number of LNG carriers under construction. During the fiscal year 2025, GTT recorded 45 orders, including 37 for LNG carriers and 7 for large-capacity ethane carriers. Among these LNG carriers, 18 were ordered in the fourth quarter, marking a clear acceleration in demand after a more subdued first half. The group also received an order for the design of tanks for a floating liquefaction unit with a capacity of 238,700 m³. Since the beginning of 2026, GTT has announced 14 additional orders for LNG carriers and two orders for large-capacity ethane carriers.
Dividend and Strategic Investments
The dividend for the fiscal year 2025 is set at 8.94 euros per share, up 19% compared to 7.50 euros paid in 2024. An advance of 4 euros per share was already distributed on December 11, 2025, with the balance of 4.94 euros to be paid on June 19, 2026. This dividend represents a payout ratio of 80% of the consolidated net income. The group continued its digital expansion strategy with the acquisition of Danish company Danelec on July 31, 2025. This operation generated investment expenditures of 244.8 million euros in 2025, a significant increase compared to 68.5 million euros in 2024. The Marine and Digital Solutions division reported revenue of 36.1 million euros, more than double compared to 15.6 million euros in 2024, with Danelec's contribution over five months amounting to 16.1 million euros. As of December 31, 2025, GTT had a positive net cash position of 346.9 million euros, almost stable compared to December 31, 2024.
Outlook for 2026
For 2026, GTT anticipates consolidated revenue between 740 and 780 million euros, with EBITDA expected to range from 490 to 530 million euros. The group indicates that 2026 should represent the second-best financial performance in its history. The total order book stands at 288 units excluding LNG fuel and 48 units for LNG fuel, corresponding to a future cumulative revenue of 1592 million euros. Operationally, GTT has completed the strategic refocusing of its subsidiary Elogen, specialized in electrolyzers. The restructuring, announced at the beginning of the year, led to the elimination of 110 positions and the discontinuation of the construction of the Vendôme gigafactory. Non-recurring charges of 45 million euros were recorded in the first half of 2025. Elogen now reports revenue of 4.6 million euros for 2025, down 59.6%, and a negative EBITDA of 16.1 million euros, compared to a deficit of 33.3 million euros the previous year.
