TGS reports mixed Q2 results amid market challenges

TGS reported Q2 2025 multi-client revenues below expectations at $135.8m, impacted by postponed library sales and low client commitment. Total revenues fell to $308m from $381m pro forma in Q2 2024.

Despite negative operating profit of $-21.5m, net cash flow reached $11m. TGS maintained its quarterly dividend of $0.155 per share and reduced 2025 gross operating cost guidance to approximately $950m.