(BFM Stock Exchange) – The Parapetrolier group confirms its target of cash flow generation for 2025 after having revealed quarterly results in sharp rise.

Virid gradually tends to regain financial agility. At the end of February, the Parapetrolier group had reassured the market by publishing results for the year 2024, superior to expectations and marked by a generation of cash exceeding its own forecasts.

At the start of 2025, Virid continued his efforts on the operational level. Over the first three months of the current year, the group has released a turnover up 10% to 301 million euros.

The EBITDA (result before interest charges, taxes, depreciation and depreciation) of activities jumped from 35% to 143 million dollars. On the side of the available cash generation, the latter was negative up to $ 20 million. Virids specifies that it incorporates the payment of bond interest of $ 42 million.

“Our financial results in the first quarter of 2025 confirm the solid performance of our activities, with commercial successes, high profitability and a fully aligned cash generation with our long -term ambitions,” said Sophie Zurquiyah, the group’s general manager, in a press release.

On the Paris Stock Exchange, the action of the Parapetrolier Service Group increased by 9.5% to 50.77 euros around 5:00 p.m. and occupies the highest increase in SBF 120.

Cash-Flow objective maintained

For 2025, the group intends to continue its efforts in matters of financial discipline. It maintains its net generation objective of cash in the order of $ 100 million this year, “assuming moderate fluctuations in the oil market”. This would then mark a clear increase compared to the $ 56 million released at the end of December 2024.

The company also aims to reduce its debt, helped by a significant refinancing operation of 1.1 billion euros, carried out last March.

Barclays had estimated in a note published shortly after, that this operation should leave a room for maneuver until 2030 to allow the parapetrol group to reduce its debt.

“Virid’s activity is improving, the debt is refined and the company should generate a net cash flow of around 100 million US dollars in 2025, or about 17% of the current market capitalization,” said Barclays. “Over time, debt levels should lower and the debt rate decreases,” said the design office.