Paris, France — July 30, 2026

Viridien (Euronext Paris: VIRI; ISIN: FR001400PVN6), an advanced technology, digital, and Earth data company serving the natural resources and energy sectors, reported its second-quarter 2026 results, highlighting improving commercial momentum against a backdrop of ongoing geopolitical uncertainty. The company generated positive Net Cash Flow of $6 million in Q2, bringing cumulative H1 2026 Net Cash Flow to $32 million, up from $10 million in H1 2025. Net Debt (excluding IFRS 16) was further reduced to $692 million at end-June 2026, compared with $856 million one year earlier — a reduction of approximately $164 million, or 19%, over twelve months.

CEO Henning Berg stated: "Our Q2 results reflect the continued impact of a complex geopolitical environment on our market, particularly on Sensing & Monitoring activity. Against this backdrop, we generated positive Net Cash Flow including the coupon payment made in April and continued to strengthen our balance sheet. Geoscience also recorded strong order intake during the quarter, providing solid foundation for the coming periods. Overall, commercial momentum is improving, with E&P companies accelerating to secure more acreage. We expect this to translate progressively into additional revenue for Viridien, leveraging our unique competitive positioning."

Key Financial Highlights

• Net Cash Flow: $6 million in Q2 2026; $32 million cumulative for H1 2026 vs. $10 million in H1 2025, supported by focused investment spending enabled by the flexibility of Viridien's asset-light business model.
• Net Debt (excluding IFRS 16): Reduced to $692 million at end-June 2026, down from $735 million at end-December 2025 and $856 million one year earlier.
• GEO Backlog: $306 million at end-June 2026, up 19% vs. end-December 2025.
• Segment Revenue: $232 million, impacted by the ongoing conflict in the Middle East, primarily at the Sensing & Monitoring (SMO) segment.
• Segment Adjusted EBITDAs: $92 million, reflecting lower activity levels, with reinforced cost discipline at SMO.
• FY 2026 Objective: $100 million in Net Cash Flow maintained, despite continued market uncertainty.

Data, Digital and Energy Transition (DDE): Strong Order Intake at GEO, EDA Multi-Client Surveys Accelerating

Segment revenue reached $171 million.

Geoscience (GEO)

GEO revenue was $95 million. Q2 activity was supported by major projects in Guyana, Brazil, and Angola. The US Gulf also remained a strong contributor, as international oil companies (IOCs) continued to prioritize optimization opportunities in mature basins. Revenue was lower year-on-year, reflecting continued geopolitical uncertainty and capital discipline among exploration and production (E&P) companies, which led to further delays in certain project awards.

Backlog stood at $306 million at end-June, up 19% vs. end-December 2025 and up 33% vs. end-March 2026, providing forward revenue visibility for the Geoscience segment. This was supported by significant project awards in recent weeks from IOCs and national oil companies (NOCs) in the US Gulf, Africa, and the Middle East. While the environment remains uncertain, a number of clients are advancing new exploration programs, and a material share of the commercial discussions held by Viridien over recent quarters converted into order intake.

Computing capacity was sequentially stable at 690 petaflops at end-June 2026, but up 17% year-on-year. Productivity per employee increased to $400,000 vs. $366,000 last year (+9%).

Earth Data (EDA)

EDA revenue was $76 million. Higher capital expenditure in Q2 reflected active new data acquisition in Uruguay, Guyana, and Norway. Twelve reprocessing projects are currently underway, many in frontier basins.

Cash EBITDA was $14 million vs. breakeven last year, reflecting Viridien's disciplined approach to multi-client investments. Late sales were stable year-on-year, in line with normal seasonal levels.

Segment adjusted EBITDAs totaled $102 million, representing a 60% margin — above both Q1 2026 and Q2 2025 levels — driven by higher EDA activity. GEO profitability also remained solid.

Sensing and Monitoring (SMO): Challenging Market Conditions Persist

Segment revenue was $61 million. Oil & Gas revenue declined 46% year-on-year across both land and marine segments, as the ongoing conflict in the Middle East continued to weigh on activity. New Businesses, which accounted for 32% of Q2 SMO revenue, maintained positive momentum, increasing 34% year-on-year.

On a sequential basis, SMO revenue remained stable, supported by continued growth in New Businesses, while Oil & Gas revenue declined 16%, reflecting a full quarter of geopolitical disruption compared with only a partial impact in Q1.

Segment adjusted EBITDAs were at breakeven, supported by a more favorable revenue mix and continued strict cost discipline. Segment adjusted operating income was negative at -$6 million.

Consolidated IFRS Figures

Profit & Loss

Consolidated IFRS revenue for Q2 2026 was $336 million, including a $103 million positive IFRS 15 revenue recognition impact, primarily related to the completion of the Laconia project in the US Gulf. IFRS EBITDAs were $186 million, benefiting from the same timing impact.

IFRS Net Income was -$26 million vs. $6 million in the prior year, mainly reflecting -$9 million of IFRS 16 lease expenses, -$184 million of depreciation and amortization (including -$177 million of Earth Data D&A, primarily related to Laconia), -$23 million of net cost of financial debt, and $3 million of income taxes.

Cash Flow Statement and Debt

Net Cash Flow of $6 million was generated in Q2 2026 vs. $30 million in Q2 2025. During the quarter, Viridien paid part of the annual coupons due on its bond debt, in accordance with the terms of the bond documentation. By contrast, in 2025, following the bond refinancing completed at the end of March 2025, coupon payments had been made in advance in Q1 2025, and Q2 2025 was therefore not impacted by any interest-related cash outflows.

Cumulative Net Cash Flow reached $32 million in H1 2026 vs. $10 million in H1 2025. Despite the challenging environment and significantly lower activity levels, cash generation exceeded the prior-year figure, driven by ongoing management actions and the greater flexibility provided by Viridien's asset-light business model — a structure in which the company partners with external providers, such as Shearwater under a vessel capacity agreement, rather than owning all survey assets directly.

Net Debt (excluding IFRS 16) was reduced to $692 million at end-June 2026, compared with $735 million at end-December 2025 and $856 million one year earlier. Viridien continued to execute its deleveraging strategy, allocating all Net Cash Flow generated over the period to balance sheet normalization. This figure includes a $15 million positive foreign exchange impact compared to December 31, 2025, and is net of capitalized refinancing fees.

As of June 30, 2026, Viridien maintained a strong liquidity position, including a $125 million revolving credit facility (RCF), of which $25 million is an ancillary guarantee facility (fully utilized) and $100 million is fully undrawn.

Outlook

The situation in the Middle East remains uncertain, and Viridien continues to monitor developments closely. Against this backdrop, the Group remains focused on disciplined execution, cost control, and cash generation while positioning itself to capture growth opportunities from a more active exploration market. The company maintains its FY 2026 objective of generating $100 million of Net Cash Flow. This objective includes the planned Phase 1 expansion of the Group's US high-performance computing infrastructure and assumes a normalization of working capital, including the collection of outstanding receivables from PEMEX.

Viridien is seeing signs of a data-led pick-up in emerging and frontier exploration. Governments are increasingly reopening and promoting basins, with growing activity around licensing rounds and acreage awards. E&P companies are reassessing opportunities and positioning themselves, supporting stronger demand for legacy-data reprocessing and new acquisition projects.

Beyond the near term, market fundamentals are structurally supportive. E&P companies continue to seek shorter exploration cycles, enhanced subsurface understanding, and higher exploration success rates as they work to replace oil and gas reserves. High natural depletion rates, the strategic importance of energy security, and sustained deepwater acreage awards are expected to support future demand for Viridien's high-end seismic data, imaging capabilities, and technology solutions.

Conference Call and Financial Calendar

The press release and presentation were made available on www.viridiengroup.com at 5:45 p.m. CET. An English-language conference call was scheduled for 6:00 p.m. CET on July 30, 2026. A replay of the conference call is available for 12 months on the company's website.

2026 third-quarter results are scheduled for release on November 3, 2026 (after market close).

Statutory Auditors' Procedures

The Board of Directors met on July 30, 2026, and closed the consolidated financial statements as of June 30, 2026. Limited review procedures were completed, and an unqualified opinion has been issued by the statutory auditors.

About Viridien

Viridien (www.viridiengroup.com) is an advanced technology, digital, and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. The company discovers new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resources, digital, energy transition, and infrastructure challenges. Viridien employs around 3,000 people worldwide and is listed as VIRI on Euronext Paris SA (ISIN: FR001400PVN6).

Disclaimer

Certain information included in this press release is not historical data but forward-looking statements. These forward-looking statements are based on current beliefs and assumptions about current and future business strategies and the environment in which Viridien operates, and involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from those expressed or implied. These risks and uncertainties include those discussed or identified in Chapter 2 "Risk Management and Internal Control" of the Universal Registration Document dated April 2, 2026, filed with the French Financial Markets Authority (AMF) under number D. 26-0211 and available on the Group's website and on the AMF website (www.amffrance.org). Forward-looking statements speak only as of the date of this press release and are not guarantees of future performance. This press release does not constitute an offer of securities or an invitation to invest in securities in France, the United States, or any other area.

Alternative Performance Indicators (API)

Viridien uses several Alternative Performance Indicators in its communications:

• Segment Revenue: Prepared in accordance with internal management reporting, with Earth Data prefunding revenues recorded based upon percentage of completion.
• Segment EBITDAs: Earnings before interest, tax, income from equity affiliates, depreciation, amortization (net of amortization costs capitalized to Earth Data surveys), and the cost of share-based compensation for employees and senior executives. Segment EBITDAs is calculated based on internal management reporting, in which prefunding revenue from Earth Data surveys is recognized using the percentage-of-completion method.
• Adjusted Segment EBITDAs: Segment EBITDAs adjusted for non-recurring charges and gains.
• EDA Cash EBITDA: EDA adjusted segment EBITDAs less investment in EDA surveys for the period, excluding inactivity compensation fees related to the vessel capacity agreement signed between Viridien and Shearwater. This indicator is used exclusively for the EDA activity.

Under IFRS 15, Earth Data prefunding revenues must be recognized only upon delivery of the final processed data — that is, when the performance obligation is fulfilled. As a result, revenue and margin recognition for ongoing surveys is deferred. Viridien's segment reporting, however, continues to apply the percentage-of-completion method previously used before the adoption of IFRS 15 for recognizing Earth Data prefunding revenues and associated margins. The accounting adjustments made in accordance with IFRS 15 requirements over the period primarily relate to major survey projects conducted by Earth Data in the US Gulf and Norway.

Investor and Media Contacts

Investor Relations: Alexandre Leroy, VP Investor Relations and Corporate Finance — [email protected] — +33 6 85 18 44 31

Media (Brunswick): Aurélia de Lapeyrouse (+33 6 21 06 40 33); Hugues Boëton (+33 6 79 99 27 15); Tristan Roquet Montégon (+33 6 37 00 52 57) — [email protected]