Fugro H1 FY26 net loss widens to EUR 62.1 million; revenue rises 4.3% to EUR 920.5 million

• Fugro posted an IFRS net loss of EUR 62.1 million, widening from EUR 18.3 million in the first half of 2025; EPS fell to EUR -0.56.
• Revenue rose 4.3% to EUR 920.5 million; 12-month backlog dropped 13.9% to EUR 1.28 billion, including a 47% fall in renewables.
• Adjusted EBIT margin improved 1.8 percentage points to 4.1%; free cash flow narrowed to EUR -38.3 million from EUR -186.2 million.
• Results were hit by subdued offshore wind markets, overcapacity and pricing pressure, and renewed Middle East disruption; EUR 36 million of vessel-related impairments were booked.
• Management flagged a challenging second half, cutting 2026 capex toward the low end of EUR 150 million to EUR 165 million while targeting EUR 50 million in annualized savings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fugro NV published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.