Viridien reports Q1 2026 net cash flow of $26m and lowers net debt amid Middle East uncertainty

Viridien posted a net cash flow of $26 million in Q1 2026, reversing a $20 million outflow from the same period last year, driven by disciplined cash management and efficient receivables collection. Despite a 29% drop in segment revenue to $214 million due to market softness and Middle East conflict impacts, the company reduced net debt to $702 million by repaying $40.7 million on USD bonds. Viridien maintained steady productivity and expects full-year net cash flow of $100 million, with performance weighted to the second half of 2026. The company’s financial strength was recognized with upgraded credit ratings from S&P and Moody’s, supporting confidence amid ongoing geopolitical uncertainties.