Hunting has released its H1 2025 results. These reiterate the numbers reported in the July trading statement and guidance for the full year, with the business continuing to achieve growth and improve margins, generate cash, and support shareholder returns, including the new US$40m buyback. The bid pipeline remains strong, though we moderate our forecasts into the 2025 EBITDA guidance range to reflect a degree of uncertainty over the rest of 2025, in part due to the oil price environment.
