Subsea 7 reports strong Q2 growth with $360m EBITDA

Subsea 7 S.A. reported Adjusted EBITDA of $360 million in Q2 2025, up 23% year-on-year, with a margin of 21%. Both the Subsea and Conventional, and Renewables business units delivered strong margins of 21.2% and 17.4% respectively.

The company secured $2.5 billion in new orders, achieving a book-to-bill ratio of 1.4x and expanding its total backlog to $11.8 billion. Net income reached $131 million for the quarter.