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Fugro posts annual loss, CFO to step down

Published by Global Banking & Finance Review®

Posted on February 27, 2026

1 min read

Last updated: February 27, 2026

Fourth sanctioned LNG tanker, Christophe De Margerie, at Russia's Arctic LNG 2 plant - Global Banking & Finance Review — The image showcases the Christophe De Margerie tanker docking at Russia's Arctic LNG 2, highlighting ongoing LNG export challenges amidst U.S. sanctions.

Feb 27 (Reuters) - Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April.

The Amsterdam-listed firm's consolidated revenue came in at 1.85 billion euros ($2,18 billion), 427 million euros less than in 2024, of which 380 million euros was attributable to the slowdown of the renewables market.

Fugro took a hit partly as offshore wind clients suffered a downturn after Trump slammed the brakes on U.S. support for renewable energy.

"In the US under the current administration no new projects are expected," the company said in a press release.

The percentage of revenue from renewables, its core market, was 26% last year, down from 38% in 2024.

The company slashed its dividend for the year by 80% to 0.15 euros.

($1 = 0.8470 euros)

($1 = 0.8471 euros)

(Reporting by Hugo Lhomedet and Jerome Terroy in Gdansk; Editing by Matt Scuffham)

Editorial & Advertiser disclosure

Finance

Fugro posts annual loss, CFO to step down

Published by Global Banking & Finance Review®

Posted on February 27, 2026

1 min read

Last updated: February 27, 2026

Fugro took a hit partly as offshore wind clients suffered a downturn after Trump slammed the brakes on U.S. support for renewable energy.

"In the US under the current administration no new projects are expected," the company said in a press release.

The percentage of revenue from renewables, its core market, was 26% last year, down from 38% in 2024.

The company slashed its dividend for the year by 80% to 0.15 euros.

($1 = 0.8470 euros)

($1 = 0.8471 euros)

(Reporting by Hugo Lhomedet and Jerome Terroy in Gdansk; Editing by Matt Scuffham)