Fugro stock holds support as 2025 results frame 2026 focus

Fugro stock (ISIN NL00150004L0) stays anchored to a 2025 reporting base that still shapes 2026 trading, with revenue of EUR 2.32 billion and EBITDA of EUR 471 million. The Dutch geodata and survey group also reported EBITDA margin of 20.3% for 2025, while its IR page remains the central reference point for the latest company updates.

EUR 2.32 billion revenue base

For Fugro, the key comparison is the jump from 2024 to 2025: revenue rose to EUR 2.32 billion from EUR 2.17 billion, a year-on-year increase of about 6.9%. EBITDA advanced to EUR 471 million from EUR 427 million, and the margin moved from 19.7% to 20.3%, showing that the company kept profitability on a firmer footing than the top line alone suggests.

That matters because Fugro is not a pure volume story. Its reported figures show a business that can improve earnings quality even when the market is still measuring exposure to offshore energy, infrastructure inspection and survey demand across different project cycles.

Margin above 20%

The 20.3% EBITDA margin in 2025 is the most useful single indicator for investors reading the stock through an operating lens. A margin above 20% gives Fugro more room to absorb project timing swings than a lower-margin services model would allow, even if revenue growth remains uneven quarter by quarter.

One more dated point stands out: Fugro said in its 2025 report that net debt at year-end 2025 was EUR 196 million, down from EUR 281 million a year earlier. That reduction of EUR 85 million is a concrete balance-sheet improvement and gives the company more flexibility as it enters 2026.

Product work still matters

Fugro’s business case is still built around survey, geo-data and subsea services rather than a single consumer product. That is why operational metrics such as backlog, margin and net debt matter more than a simple unit-sales story for the stock.

In that framework, the 2025 numbers are the best current evidence for how the business enters the next phase: EUR 2.32 billion in revenue, EUR 471 million in EBITDA and EUR 196 million in net debt. Those figures also make the company easier to compare with other capital-intensive services groups that depend on project timing and balance-sheet discipline.

Trading around the 2025 base

Fugro shares trade on Euronext Amsterdam under the ticker Euronext: FUR. The stock still reads primarily through the 2025 earnings set, not through a single one-day catalyst, and that leaves the reported margin, debt level and revenue trend as the most relevant anchors for 2026.

As of 24 July 2026, the closing price line is omitted here because no live quote was available in the research set, but the dated operating base remains visible: EUR 2.32 billion revenue, EUR 471 million EBITDA and EUR 196 million net debt, all from the 2025 reporting cycle.

Survey services engine

Fugro’s survey and geodata work sits at the center of its market position, because those services feed energy, offshore wind, infrastructure and marine projects. The 2025 figures indicate that the company kept that engine profitable while lowering debt and protecting margin above 20%.

For readers tracking the stock, the operating question is whether Fugro can keep that mix intact in 2026: a revenue base of EUR 2.32 billion, EBITDA of EUR 471 million and leverage that ended 2025 at EUR 196 million net debt. Those are the numbers that define the stock story more clearly than any generic company profile could.

Stock close and venue

Fugro stock is listed on Euronext Amsterdam. The current article uses the latest verified 2025 report metrics as its market anchor: revenue of EUR 2.32 billion, EBITDA of EUR 471 million, EBITDA margin of 20.3% and net debt of EUR 196 million.