Expro announces $215M acquisition of Enhanced Drilling, Q1 revenue $368M, reaffirms FY guidance

EXPRO GROUP HOLDINGS N.V.

2026-Q1 EPS reported -$0.01 revenue$367,573,000

Acquires Enhanced Drilling for ~2B NOK ($215M) cash, adding MPD technology and $275M backlog; close expected Q3 2026.
Q1 revenue $368M, net loss $1M, Adjusted EBITDA $63M (17.1% margin); repurchased $20M shares.
FY2026 guidance reaffirmed: revenue $1.6-1.65B, Adj. EBITDA $355-375M, adj. FCF $125-145M (excl. acquisition).
Middle East disruptions may impact Q2 revenue by ~$10-15M; no change to full-year outlook.
Redomicile from Netherlands to Cayman Islands to be voted on June 10, 2026, expected to close July 2026.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

EXPRO GROUP HOLDINGS N.V. reported the three months ended March 31, 2026 results: revenue $368 million, net income Net loss of $1 million. Guidance reaffirmed.

Period: the three months ended March 31, 2026
Revenue: $368 million
Net income: Net loss of $1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

revolving credit facility • Acquisition expected to close during the third quarter of 2026, subject to customary closing conditions First Quarter 2026 Highlights • Revenue was $368 million • Net loss of $1 million • Adjusted EBITDA 1 of $63 million with an Adjusted EBITDA margin 1 of 17.1% • Cash flow from operations of $25 million, or 7% of revenues • Adjusted

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Source: SEC EDGAR

accession 0001437749-26-014731

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