Gaztransport & Technigaz SA (OTCPK:GZPZY) Q3 2025 Earnings Call November 3, 2025 2:30 AM EST
Company Participants
Philippe Berterottière – CEO & Chairman
Thierry Hochoa – Director of Administrative & Financial and CFO
Conference Call Participants
Richard Dawson – Joh. Berenberg, Gossler & Co. KG, Research Division
Jean-Luc Romain – CIC Market Solutions (ESN), Research Division
Henri Patricot – UBS Investment Bank, Research Division
Jamie Franklin – Jefferies LLC, Research Division
Kevin Roger – Kepler Cheuvreux, Research Division
Jean-Francois Granjon – ODDO BHF Corporate & Markets, Research Division
Presentation
Operator
Good morning. This is the conference call operator. Welcome and thank you for joining the GTT Third Quarter 2025 Activity Update Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to Mr. Philippe Berterottiere, Chairman of the Board and CEO of GTT. Please go ahead, sir.
Philippe Berterottière
CEO & Chairman
Well, good morning, everybody. I’m very pleased to present to you the Q3 2025 activity update. I am with Thierry Hochoa, the CFO of the GTT Group and with the entire Investment Relations team. Well, year 2025 first 9 months have been quite impressive. First of all, the fundamentals are excellent with 84 million ton per annum already decided. The revenue are approaching EUR 600 million on the first 9 months, which represents an increase of 29% compared to last year. We obtained a fairly diverse orders with LNG carriers; ethane carriers; FLNG, LNG as a fuel. All that led us to upgrade our 2025 outlook when we include Danelec.
On key highlights, we introduced a new technology for LNG as a fuel that we named CUBIQ. We obtained approval in principle from Bureau Veritas. We completed the acquisition of Danelec, and we obtained a quite large contract from the Chinese shipyard, Hudong-Zhonghua for 24 LNG carriers. We continue our innovation efforts with
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