TechnipFMC plc

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

THREE MONTHS ENDED JUNE 30, 2025 AND 2024

Subsea

Subsea revenue increased by $207.2 million during the three months ended June 30, 2025, compared to the same period in 2024, driven by increased backlog in 2024 related to higher energy demand and upstream spending, further aided by our unique commercial offerings. $170.2 million of the increase in revenue was from Brazil, $72.0 million from Israel, $53.8 million from Norway and $53.6 million from Nigeria, driven by higher iEPCI™, flexible supply and services activities. The rest of the world contributed a net decrease of $142.4 million primarily due to completion of projects in the United States of $143.4 million.

Subsea operating profit for the three months ended June 30, 2025 increased by $102.6 million compared to the prior-year period. This was largely due to favorable activity mix, which contributed $42.4 million, and higher volume which added $45.2 million. Operating expenses decreased by $15.0 million, driven by greater cost efficiency relative to the prior year.

Surface Technologies

Surface Technologies revenue increased by $1.9 million for the same comparable period, reflecting a $19.0 million increase from higher activity in the Middle East, Europe and other international markets. This increase was largely offset by a $17.1 million decline in revenue due to lower activity in North America and Latin America.

Surface Technologies operating profit decreased by $7.2 million compared to the prior-year period, primarily driven by $15.5 million of higher restructuring and impairment costs incurred in the second quarter of 2025. Excluding this item, operating profit increased by $8.3 million compared to the same period in 2024 primarily due to improved profitability through growth and enhanced operational efficiency in the Middle East and Europe.

Corporate Expense

Corporate expense increased by $2.9 million, compared to the prior-year period, and was related to costs associated with our support functions, such as corporate staff expenses, share-based compensation expense, and other employee benefits.

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

SIX MONTHS ENDED JUNE 30, 2025 AND 2024

Subsea

Subsea revenue increased by $408.6 million during the six months ended June 30, 2025, compared to the same period in 2024, driven by increased backlog during 2024 related to higher energy demand and upstream spending, further aided by our unique commercial offerings. $124.7 million of the increase in revenue was from Norway, $124.3 million from Indonesia, $108.7 million from Israel, $97.5 million from Brazil and $88.7 million from Nigeria, driven by higher iEPCI™, flexible supply and services activities. The rest of the world contributed a net decrease of $133.2 million primarily due to completion of projects in the United States of $210.2 million.

Subsea operating profit for the six months ended June 30, 2025 increased by $193.9 million compared to the prior-year period. This was largely due to favorable activity mix, which contributed $128.4 million, and higher volume, which added $80.6 million. These improvements were partially offset by a $15.1 million increase in operating expense related to higher activity.

Surface Technologies

Surface Technologies revenue decreased by $7.9 million for the same comparable period, reflecting a $42.0 million decrease from lower activity in North America, Europe, Latin America, Africa and the sale of MSB. This decrease was partially offset by a $34.1 million increase in revenue from higher activity in the Middle East.

Surface Technologies operating profit decreased by $80.4 million, compared to the same period in 2024, and was primarily driven by the $75.2 million gain on the sale of MSB during the first quarter of 2024 and $16.4 million higher restructuring and impairment costs recorded during the six months ended June 30, 2025. Excluding these exceptional items, operating profit increased by $11.2 million compared to the same period in 2024. This increase was primarily due to $23.3 million of improved profitability from the Middle East and Europe, partially offset by lower activity in North America and the other international markets, which collectively resulted in a decrease of $12.1 million of operating profit.

Corporate Expense

Corporate expense decreased by $3.5 million, compared to the prior-year period, primarily driven by $5.2 million of transaction costs associated with the sale of MSB during the six months ended June 30, 2024.