TechnipFMC plc

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

THREE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025

Subsea

Subsea revenue increased by $280.8 million during the three months ended September 30, 2026, compared to the same period in 2025, driven by increased backlog in 2025 related to higher energy demand and upstream spending, further aided by our unique commercial offerings. The increase in revenue was driven byiEPCI® and SPS supply and Services activities, primarily $230.1 million from Latin America, $89.8 million from Asia Pacific, and $76.8 million from the Middle East. The rest of the world contributed a net decrease of $115.9 million primarily driven by project completions mainly in North America and Africa.

Subsea operating profit for the three months ended September 30, 2026 increased by $121.3 million compared to the prior-year period. This was largely due to favorable activity mix, which contributed $66.2 million, and higher volume, which added $66.1 million. These improvements were partially offset by a $10.9 million increase in operating expense related to higher activity.

Surface Technologies

Surface Technologies revenue decreased by $32.3 million during the three months ended September 30, 2026, compared to the same period in 2025. The decrease was primarily attributable to lower activity in the Middle East, resulting in a $20.6 million reduction in revenue driven by project timing and regional conflict. Revenue in other international markets decreased by $11.2 million due to project timing and lower activity in Europe and Africa.

Surface Technologies operating profit for the three months ended September 30, 2026 increased by $4.6 million compared to the prior-year period. The increase was primarily driven by $5.7 million of higher profitability in North America and international markets.

Corporate Expense

Corporate expense was substantially unchanged compared to the prior-year period.

SEGMENT RESULTS OF OPERATIONS OF TECHNIPFMC PLC

NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025

Subsea

Subsea revenue increased by $823.6 million during the nine months ended September 30, 2026, compared to the same period in 2025, driven by increased backlog during 2025 related to higher energy demand and upstream spending, further aided by our unique commercial offerings. The increase in revenue was driven byiEPCI®, SPS supply and Services activities, primarily $607.0 million from Latin America, $162.6 million from Africa, and $159.5 million from the Middle East. The rest of the world contributed a net decrease of $105.5 million, primarily driven by project completions mainly in North America.

Subsea operating profit for the nine months ended September 30, 2026 increased by $328.6 million compared to the prior-year period. This was largely due to higher volume, which contributed $184.0 million, and favorable activity mix, which added $171.1 million. These improvements were partially offset by a $26.3 million increase in operating expense related to higher activity.

Surface Technologies

Surface Technologies revenue decreased by $87.6 million during the nine months ended September 30, 2026, compared to the same period in 2025. The decrease was primarily attributable to a $72.3 million reduction in revenue in the Middle East due to project timing and the regional conflict. Revenue in North America and other international markets decreased by $15.3 million, due to lower drilling and completion activity.

Surface Technologies operating profit for the nine months ended September 30, 2026 increased by $27.1 million, compared to the same period in 2025. This was primarily due to favorable mix from international markets, which contributed $10.8 million, together with the absence of $20.1 million of business transformation activities incurred in the prior-year period. These favorable impacts were partially offset by a $3.9 million reduction in operating profit due to lower activity levels in the Middle East and North America.

Corporate Expense

Corporate expense increased by $11.9 million, compared to the prior-year period, primarily driven by an increase in share-based compensation expense recognized during the first quarter of 2026.