Hunting PLC Releases Q1 2025 Trading Update

Hunting PLC, a precision engineering group, reported an EBITDA of $38.7 million for Q1 2025, up from $28.9 million in Q1 2024, with an EBITDA margin increase to 14%. Despite a net cash outflow, the group maintains a cash position of $58 million by the end of March 2025.

During the quarter, Hunting completed the acquisition of Organic Oil Recovery technology and sold its stake in Rival Downhole Tools. The company remains focused on bolt-on acquisitions in subsea and intelligent well completions.

Concerning international trade tariffs, Hunting anticipates minimal impact, noting most revenues are from non-tariffed regions. The sales order book stood at $439.3 million, with 77% expected to be fulfilled within the year. Management monitors commodity price fluctuations but reports no negative client reactions to date.