Hunting Plc EBITDA Miss, Shares Down 3%

Hunting Plc posted Q1 EBITDA of $23.2 million, a 10% margin, representing only 15.5% of its $145‑$155 million full‑year guidance.
Shares fell 3% after the result, while net cash dropped to $8.3 million from $63 million year‑end 2025, a $55 million drawdown.
Order book rose to $428.8 million (up from $358 million), with $95.6 million non‑oil & gas orders and new subsea awards in Guyana.
Management kept full‑year guidance unchanged, targeting a 40:60 H1‑H2 EBITDA split, needing $37 million in Q2 to stay on track.