Hunting PLC: A Strong Half-Year Performance and Strategic Moves

In a recent trading update, Hunting PLC, a leading international energy services provider, has showcased a robust performance for the first half of 2025. The company, listed on the London Stock Exchange, reported a significant year-on-year growth in EBITDA, reaching approximately $68-$70 million, marking a 16% increase from the same period in 2024. This growth was primarily driven by the OCTG product group, which contributed robustly to the company’s financial health. The EBITDA margin stood at around 13%, reflecting efficient operations and strong market demand for Hunting’s precision-engineered products.

In addition to its financial achievements, Hunting PLC has announced an increase in its annual targeted dividend distributions, signaling confidence in its ongoing profitability and commitment to returning value to shareholders. Furthermore, the company has proposed a share buyback programme of up to $40 million, a move that underscores its belief in the intrinsic value of its shares and its intention to optimize shareholder returns.

The company’s financial position remains strong, with total cash and bank (borrowings) reported at approximately $79 million as of June 30, 2025. This liquidity, bolstered by significant additional funds available through the Group’s credit facilities, positions Hunting well to fund future growth initiatives. The period-end sales order book stood at around $450 million, an increase from the $439 million position in Q1 2025, with a tender pipeline of approximately $1.1 billion, indicating a healthy demand for Hunting’s products and services.

In a strategic development, UBS Group AG has acquired a 5.37% stake in Hunting PLC, a move that could potentially open new avenues for collaboration and investment. This acquisition reflects confidence in Hunting’s market position and future prospects.

The broader market context has also been favorable for Hunting PLC. European stocks, including the UK’s FTSE 100, have moved notably higher, buoyed by optimism surrounding a potential trade deal between the European Union and the U.S. This positive sentiment has contributed to a surge in Hunting’s share price, which soared more than 10% following the announcement of its strong half-year results and the share repurchase program.

As Hunting PLC continues to navigate the dynamic energy sector, its strategic initiatives, coupled with a strong financial performance, position it well for sustained growth. The company’s focus on innovation, operational efficiency, and shareholder value remains central to its strategy, promising an exciting future for its stakeholders.

For more information on Hunting PLC and its services, interested parties can visit their website at www.huntingplc.com .