TechnipFMC plc

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

THREE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

Subsea

Subsea revenue increased by $291.1 million during the three months ended September 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. The increase in revenue was driven by $137.1 million from Brazil, $81.5 million from the United States, $70.2 million from Israel and a net $2.3 million increase from the rest of the world, mainly driven by higher iEPCI™ and services activities.

Subsea operating profit for the three months ended September 30, 2025 increased by $112.5 million compared to the prior-year period. This was largely due to higher volume, which added $63.5 million and favorable activity mix, which contributed $47.0 million. Operating expenses decreased by $2.0 million, driven by greater cost efficiency relative to the prior year.

Surface Technologies

Surface Technologies revenue increased by $7.8 million compared to the prior-year period, reflecting a $22.0 million increase from higher activity in the Middle East, Europe and Africa. This increase was largely offset by a $14.2 million decline in revenue due to lower activity in North America and Latin America.

Surface Technologies operating profit increased by $3.1 million compared to the prior-year period. This increase was primarily driven by $9.1 million of improved profitability from the Middle East, Europe and Africa, partially offset by a $6.0 million decline mainly attributable to reduced activity in North America and Latin America.

Corporate Expense

Corporate expense decreased by $3.1 million, compared to the prior-year period, and was due to decreased costs associated with our corporate support functions.

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

Subsea

Subsea revenue increased by $699.7 million during the nine months ended September 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. The increase in revenue was driven from $234.6 million from Brazil, $178.9 million from Israel, $174.2 million from Norway and $142.7 million from Nigeria, driven by higher iEPCI™, flexible supply and services activities. The rest of the world contributed a net decrease of $30.6 million primarily due to completion of projects in Angola.

Subsea operating profit for the nine months ended September 30, 2025 increased by $306.4 million compared to the prior-year period. This was largely due to favorable activity mix, which contributed $176.4 million, and higher volume, which added $143.1 million. These improvements were partially offset by a $13.1 million increase in operating expense related to higher activity.

Surface Technologies

Surface Technologies revenue decreased by $0.1 million for the same comparable period, reflecting a $55.3 million decrease largely attributable to lower activity in North America, Latin America and the sale of MSB. The decrease was offset by a $55.2 million increase in revenue from higher activity in the Middle East, Europe and Africa.

Surface Technologies operating profit decreased by $77.3 million, compared to the same period in 2024. Operating profit benefited from a $75.2 million gain from the sale of MSB recorded in the first quarter of 2024 and was negatively impacted by $14.1 million of higher restructuring and impairment charges recognized during the nine months ended September 30, 2025. Excluding these exceptional items, operating profit increased by $12.0 million relative to the same period in 2024. This improvement was mainly attributable to $33.6 million of improved profitability mainly from the Middle East and Europe, partially offset by reduced activity in North America and other international regions, which collectively resulted in a $21.6 million decline in operating profit.

Corporate Expense

Corporate expense decreased by $6.6 million, compared to the prior-year period, primarily driven by $5.2 million of transaction costs associated with the sale of MSB during the nine months ended September 30, 2024.