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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Q3 2026 Highlights Expro Ltd
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that Expro Ltd (the “Company”) expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this presentation include statements, estimates and projections regarding the outcome and benefits of the Enhanced Drilling acquisition, the Company’s ability to achieve the anticipated synergies as a result of the Enhanced Drilling acquisition, the Company’s ability to realize the potential strategic opportunities provided by, and realize the potential benefits of, the Redomicile, and the Company’s future business strategy and prospects for growth, cash flows and liquidity, financial strategy, budget, projections, guidance, and operating results. These statements are based on certain assumptions made by the Company based on management’s experience, expectations and perception of historical trends, current conditions, anticipated future developments, and other factors believed to be appropriate. Forward-looking statements are not guarantees of performance. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such assumptions, risks and uncertainties include the amount, nature and timing of capital expenditures, the availability and terms of capital, the level of activity in the oil and gas industry, volatility of oil and gas prices, unique risks associated with offshore operations (including the ability to recover, and to the extent necessary, service and/or economically repair any equipment located on the seabed), political, economic and regulatory uncertainties in international operations, the ability to develop new technologies and products, the ability to protect intellectual property rights, the ability to employ and retain skilled and qualified workers, the level of competition in the Company’s industry, global or national health concerns, including health epidemics, the possibility of a swift and material decline in global crude oil demand and crude oil prices for an uncertain period of time, future actions of foreign oil producers such as Saudi Arabia and Russia, inflationary pressures, international trade laws, tariffs, the impact of current and future laws, rulings, governmental regulations, accounting standards and statements, and related interpretations, and other guidance. Such assumptions, risks and uncertainties also include the factors discussed or referenced in the “Risk Factors” section of the definitive Proxy Statement/Prospectus, dated April 21, 2026, and the Annual Report on Form 10-K of Expro Group Holdings N.V. (“Expro NV”) for the year ended December 31, 2025, in each case filed with the U.S. Securities and Exchange Commission (the “SEC”), as well as other risks and uncertainties set forth in other filings with the SEC by the Company and Expro NV. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events, historical practice or otherwise, except as required by applicable law, and we caution you not to rely on them unduly. This presentation includes the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA Margin, Contribution, Contribution Margin, Free Cash Flow, Free Cash Flow Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Net Income and Adjusted Net Income per diluted share, which may be used periodically by management when discussing the Company’s financial results with investors and analysts. Adjusted EBITDA, Adjusted EBITDA Margin, Contribution, Contribution Margin, Free Cash Flow, Free Cash Flow Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Net Income and Adjusted Net Income per diluted share, are presented because management believes these metrics provide additional information relative to the performance of the Company’s business. These metrics are commonly employed by the management, financial analysts and investors to evaluate the operating and financial performance of the Company from period to period and to compare it with the performance of other publicly traded companies within the industry. You should not consider Adjusted EBITDA, Adjusted EBITDA Margin, Contribution, Contribution Margin, Free Cash Flow, Free Cash Flow Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Net Income and Adjusted Net Income per diluted share, in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. Because Adjusted EBITDA, Adjusted EBITDA Margin, Contribution, Contribution Margin, Free Cash Flow, Free Cash Flow Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Net Income and Adjusted Net Income per diluted share, may be defined differently by other companies in the Company’s industry, the Company’s presentation of Adjusted EBITDA, Adjusted EBITDA Margin, Contribution, Contribution Margin, Free Cash Flow, Free Cash Flow Margin, Adjusted Free Cash Flow, Adjusted Free Cash Flow Margin, Adjusted Net Income and Adjusted Net Income per diluted share, may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. For a reconciliation of each to the nearest comparable measure in accordance with GAAP, please see the Appendix to this presentation. The Company is not able to provide a reconciliation of forward-looking Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Free Cash Flow Margin to the most directly comparable measure in accordance with U.S. generally accepted accounting principles without unreasonable effort because of the inherent difficulty in forecasting and quantifying certain amounts necessary for such a reconciliation, including net income (loss) and net cash from operations. Disclaimer InvestorRelations@expro.com Downloadable Financials: Investors.Expro.com 2
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Q3 2026 | Highlights Continue to execute returning cash to shareholders Q3 2026 results – sizeable increase sequentially Strong free cash flow generation maintained Adjusted EBITDA $91m $440m Adjusted EBITDA Margin 20.7% Revenue 140 basis points Q/Q Liquidity at $260m $52m Repurchased ~0.6m Adjusted Free Cash Flow Shares for $9m 3 + $15m Q/Q Includes ~$170m in cash + $47m Q/Q - $4m Q/Q
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO 2026 Outlook | Guidance 2026 Full Year ($m) Revenue Adjusted EBITDA Capital Expenditures Adjusted Free Cash Flow Shareholder Returns $1,660 - $1,680 $330 - $340 $110 - $115 At least 1/3 of Adjusted Free Cash Flow 4 2026 Q4 ($m) $465 - $485 $100 - $110 - - $140 - $150
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Customer and Technology Highlights Expro’s iTONG won Best Controls, Instrumentation, Automation Technology – Upstream at the 2026 Gulf Energy Information Excellence Awards. Part of Expro’s Auton solutions, iTONG is one of the industry’s most technologically advanced tong systems, designed to enhance safety, well integrity and operational efficiency. It eliminates the need for personnel to work in the hazardous Red Zone of the rig floor. The recognition follows eight finalist nominations spanning completions, automation, deepwater, digital transformation, health, safety and environment, pipeline integrity, and production technology. iTONG wins Gulf Energy Information Excellence Award for automation Expro’s Articulock® gains traction Expro’s Articulock® gained traction across North Sea well construction, intervention and subsea recovery projects in water depths exceeding 1,000 meters. This technology reduces fatigue and bending loads and, on one campaign, enabled operations beyond conventional weather limits, avoiding several days of potential delay. Expro launches Maestro® Maestro® is a modular well-test platform designed to support safer, more efficient operations while retaining human oversight of critical decisions. Combining automation, remote control, real- time visibility and decision support, Maestro® helps reduce operational complexity across onshore and offshore environments. A full deployment can reduce red-zone exposure by up to 67%. 5
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO AMENA Region –Combining MENA and APAC Regions 6 Europe and Sub-Saharan AfricaNorth and Latin America Asia, Middle East & North Africa Q3 Revenue Percent of Total $155M 35% $149M 34% $136M 31% • Optimize and increase efficiency of operating structure • Utilize economies of scale – provide additional support to Asia from management, operational and technical capabilities
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO 22% 2025 Full Impact of Drive 25 Globalization of Technologies Increased Wallet Share with Customers 2026+ Additional Efficiency Gains Future Expect Adjusted EBITDA Margins to Expand Further >25% Near-Term(1) Cost structure efficiencies Increase customer wallet share Internationalize acquisitions and technologies (1)Even with relatively flat revenue projected for 2026, excluding the impacts from the geopolitical tensions in the Middle East Long-Term Increase top-line revenue Continue to: Gain customer wallet share Internationalize acquisitions and technologies Possible M&A transactions 7
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO -600% -400% -200% 0% 200% 400% 600% 800% 2022 2023 2024 2025 2026E 0% 100% 200% 300% 400% 500% 2022 2023 2024 2025 2026E Index Comparison – EBITDA & FCF Source: Factset 1 EBITDA FCF • XPRO’s EBITDA growth has been comparable to the average OFS companies in the S&P 600 Index • XPRO’s FCF growth has been one of the best compared to OFS companies in the S&P 600 Index and Large Cap OFS companies XPRO SP600 OFS Avg. Large Cap OFS Avg. Top 3rd OFS S&P600 Avg. Mid 3rd OFS S&P600 Avg. Bottom 3rd OFS S&P600 Avg. Top 3rd OFS S&P600 Avg. Mid 3rd OFS S&P600 Avg. Bottom 3rd OFS S&P600 Avg. XPRO SP600 OFS Avg. Large Cap OFS Avg.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Liquidity ($m) $259 $104 $87 2025 2026 2027 2028 2029 Strong Balance Sheet Allows Expro Financial Flexibility to Execute Debt Maturities ($m) September 30, 2026 Revolving Credit Facility $450 (-) Drawn portion $259 (-) Letters of credit & bonds $104 (+) Cash & Cash Equivalents $172 Total Liquidity $260 Million Net Debt (< 0.5x Net Leverage) $87 $450 Availability LC’s & bonds Drawn Note: Certain columns and rows may not add due to the use of rounded numbers. 9
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Robust and Disciplined Capital Allocation Framework M&A INVEST IN BUSINESS RETURN OF CAPITAL MAINTAIN STRONG BALANCE SHEET Invest in projects that generate superior returns through the lifecycle Grow business via select, highly accretive opportunities Return at least 1/3 of Free Cash Flow to shareholders Low leverage long-term Leverage and/or complement existing capabilities and customer relationships to achieve scale and sustainable free cash flow; requires identifiable cost and revenue synergies Pursue accretive, value-enhancing acquisitions Return capital to shareholders Targeting return of at least one third of free cash flow annually to shareholders Maintain strong balance sheet Fund organic growth investments Committed to keeping total capex (maintenance and growth) at 7% of revenue 10 Balanced Capital Allocation Framework
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Follow us on Connect with us on Subscribe to our channel Our ESG report Downloadable Financials Investors.Expro.com Appendix: To learn even more about Expro, check out these additional places to get in touch with us.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO North & Latin America North and Latin America (NLA) Regional Highlights | Q3 $155m 20% Q/Q 3% YoY NLA Segment EBITDA1 $36m 37% Q/Q 3% YoY 1) Segment EBITDA is defined as Segment Revenue less direct costs and support costs attributable to the segment and excludes tra nsactions not related to the segment’s core cash operating activities, corporate costs and certain non -cash items. Segment Margin is defined as Segment EBITDA expressed as a percentage of Revenue. Revenue was $155 million, an increase of $26 million, or 20%, primarily driven by the Enhanced Drilling acquisition, higher well construction revenue in the U.S., Brazil and Suriname, higher well flow management revenue in Caribbean and Mexico, increased subsea well access activities in the U.S., partially offset by lower well flow management revenue in the U.S. Expro was awarded a contract for two project-specific flowback packages in Alaska, which is expected to exceed 200 wells. This is a 2-year contract with two one-year options attached. The Company renewed a contract in Canada for its tubular running services for approximately 30 more offshore well with options that could extend the contract further for more than a decade, which highlights Expro’s positioning as a preferred provider. NLA Segment EBITDA margin1 23% Key HighlightsNLA Revenue 35% A-1
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Europe & Sub-Saharan Africa (ESSA) ESSA Revenue $149m 17% Q/Q 18% YoY 1) Segment EBITDA is defined as Segment Revenue less direct costs and support costs attributable to the segment and excludes tra nsactions not related to the segment’s core cash operating activities, corporate costs and certain non -cash items. Segment Margin is defined as Segment EBITDA expressed as a percentage of Revenue. Europe & Sub-Saharan Africa Revenue was $149 million, an increase of $22 million, or 17%, primarily attributable to the Enhanced Drilling acquisition, higher well construction management activities in Ivory Coast, Norway and Azerbaijan and increased subsea well access activities in Ghana, These increases were partially offset by lower well flow management revenue in the United Kingdom and reduced subsea well access activities in the United Kingdom and Norway. The Company secured a three-year tubular running service contract in Mozambique in which Expro will deploy its Auton and iTONG technologies. Expro received contract awards in Nigeria for its subsea landing string business as well as the first deployment of the Company’s 14-inch BRUTE Packer. In West Africa, the Company commenced its first operations utilizing Enhanced Drilling technologies with the successful start-up of its EC Drill® Dual MPD system. ESSA Segment EBITDA margin1 26% Key Highlights ESSA Segment EBITDA1 $38m 12% Q/Q 6% YoY Regional Highlights | Q3 34% A-2
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Asia, Middle East & North Africa (AMENA) AMENA Revenue $136m 1% Q/Q 1% YoY AMENA Segment EBITDA1 $41m Q/Q 4% YoY 1) Segment EBITDA is defined as Segment Revenue less direct costs and support costs attributable to the segment and excludes tra nsactions not related to the segment’s core cash operating activities, corporate costs and certain non -cash items. Segment Margin is defined as Segment EBITDA expressed as a percentage of Revenue. Asia, Middle East & North Africa Revenue was $136 million, a decrease of $1 million, or 1%, primarily attributable to lower well flow management revenue in Saudi Arabia and reduced subsea access activities in Malaysia, partially offset by higher well flow management revenue in India and higher well construction revenue in Saudi Arabia. The Company secured an agreement expanding the existing scope of product solutions work in Algeria, reinforcing the Company’s position as a preferred solution provider. Expro secured a three-year contract to deploy the Company’s Through Blowout Preventer Intervention Riser System (“TBIRS”) in Australia supporting a customer’s offshore drilling, completion and flowback operations. Expro was recognized by a major international operator in Egypt for its well construction services relating to strong safety performance, equipment readiness and service delivery that helped minimize non-productive time during the customer’s 2026 operational campaign. AMENA Segment EBITDA margin1 30% Key Highlights Regional Highlights | Q3 31% A-3
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Middle East & North Africa (MENA) & Asia Pacific (APAC) MENA Revenue $87m -3% Q/Q 1% YoY MENA Segment EBITDA1 $29m -12% Q/Q -3% YoY 1) Segment EBITDA is defined as Segment Revenue less direct costs and support costs attributable to the segment and excludes tra nsactions not related to the segment’s core cash operating activities, corporate costs and certain non -cash items. Segment Margin is defined as Segment EBITDA expressed as a percentage of Revenue. Middle East & North Africa MENA Segment EBITDA margin1 33% Regional Highlights | Q3 20% A-3 APAC Revenue $49m 4% Q/Q YoY APAC Segment EBITDA1 $12m 47% Q/Q 25% YoY Asia Pacific APAC Segment EBITDA margin1 26% 11% Note: Third quarter 2026 amounts disclosed here for MENA and APAC are for informational purposes only. The Company will not support such disclosures going forward.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Revenue by Region and Area of Capability North & Latin America (NLA) Europe & Sub-Saharan Africa (ESSA) Asia, Middle East North Africa (AMENA) ($m) Q3 2026 Q2 2026 Seq Δ Q3 2025 Δ 2025 Q3 2024 Δ 2024 NLA $155 $129 20% $151 3% $139 11% ESSA $149 $127 17% $126 18% $131 13% AMENA $136 $137 -1% $135 1% $152 -10% Total $440 $393 12% $411 7% $423 4% Note: Certain totals may not add due to use of rounded numbers. 1) Well Management includes Well Flow Management, Subsea Well Access, and Well Intervention and Integrity. ($m) Q3 2026 Q2 2026 Seq Δ Q3 2025 Δ 2025 Q3 2024 Δ 2024 Well Construction $187 $137 36% $154 21% $163 14% Well Management1 $253 $256 -1% $257 -2% $260 -3% Total $440 $393 12% $411 7% $423 4% Q3 2026 Revenue by Geographic Market $440m Q3 2026 Revenue by Area of Capability $440m Well Flow Management Subsea Well Access Well Intervention & Integrity Well Construction Well Management $253 A-5 $187 $146 $42 $65 Well Construction Well Intervention & Integrity Subsea Well Access Well Flow Management $155 $149 $136 North & Latin America (NLA) Asia Middle East North Africa (AMENA) Europe $ Sub-Saharan Africa (ESSA)
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO $14 $40 $52 2024 2025 YTD 2026 Return of Capital to Shareholders $106 Share repurchases ($m) Cumulative since 2024 Adds optionality in deploying capital Accretive and provides flexibility An important component of capital allocation framework Complimentary to other capital allocation priorities Preference to share repurchase program Repurchase shares throughout the year opportunistically 1) Adjusted free cash flow is defined as cash provided by (used in) operating activities less capital expenditures and other non -cash adjustments, adjusted for merger and integration expense and severance and other expense (income). Adjusted free cash flow margin is defined as adjusted free cash flow divided by total revenue, expressed as a percentage. 2026 Guidance Committed to shareholder return targets of at least 1/3 of Adjusted Free Cash Flow 24% 32%% of Adj. FCF1 A-6 Create long-term value to Shareholders
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO 1) Adjusted EBITDA (A-EBITDA) is defined as net income (loss) adjusted for Income tax (expense) benefit, interest and finance expenses, severance and other expenses, other income (expense) and exceptional items, stock -based compensation expenses, depreciation, amortization and impairments and foreign exchange gains (losses). A -EBITDA in a non-GAAP measure and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. 2) Other income (expense) and exceptional represents unusual or infrequently occurring transactions which do not provide a usefu l measure of the underlying operating performance of the business Q2 2024, Q3 2024, Q4 2024, Q1 2025, Q2 2025, Q3 2025, Q4 2025, Q1 2026, Q2 2026 & Q3 2026 includes $9m, $1m, $4m, $2m, $2m, $1m, $1m, $0.3m, $4m and $10m of merger & integration rel ated expenses, respectively. Three Months Ended Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Adjusted EBITDA1 $ 95 $ 85 $ 100 $ 76 $ 94 $ 94 $ 88 $ 63 $ 76 $ 91 Depreciation, amortization and impairment expenses (41) (40) (42) (45) (47) (46) (54) (45) (46) (52) Severance and other expense 0 (3) (9) (6) (7) (6) (10) (3) (3) (9) Stock based compensation expense (7) (7) (7) (7) (7) (7) (8) (7) (10) (8) Other income (expense) and exceptional items 2 (8) (1) (5) (0) (2) (1) (1) 0 (4) (9) Interest and finance expense, net (4) (4) (2) (3) (4) (4) (2) (2) (3) (6) Foreign exchange gain (losses) (5) (3) (3) (2) 5 (1) (0) (0) (1) (1) Income tax (expense) benefit (14) (11) (9) 2 (14) (15) (8) (6) (8) (10) Net income (loss) 15 16 23 14 18 14 6 (1) 2 (4) Net income (loss) margin 3% 4% 5% 4% 4% 3% 2% 0% 1% -1% Adjusted EBITDA margin 20% 20% 23% 20% 22% 23% 23% 17% 19% 21% Non-GAAP Reconciliations ($ in millions) A-7 Note: Certain columns and rows may not add due to the use of rounded numbers.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO Three Months Ended Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Net cash provided by (used in) operating activities $ (13) $ 55 $ 97 $ 42 $ 48 $ 63 $ 57 $ 25 $ 81 $ 65 Less: Capital expenditures (36) (32) (44) (33) (21) (24) (34) (26) (31) (31) Free cash flow (50) 23 53 8 27 39 23 0 50 34 Add: Merger and integration expense 9 1 4 2 2 1 1 0 4 10 Add: Severance and other expense (income) (0) 3 9 6 7 6 10 3 3 9 Less: Other adjustments - - - - - - (6) - - - Adjusted Free Cash Flow1 (41) 28 66 16 36 46 28 3 56 52 Operating cashflow margin -3% 13% 22% 11% 11% 15% 15% 7% 21% 15% FCF margin (Free Cash Flow/Revenue) -11% 6% 12% 2% 6% 9% 6% 0% 13% 8% Adjusted FCF margin (Adjusted Free Cash Flow/Revenue)2 -9% 7% 15% 4% 9% 11% 7% 1% 14% 12% Non-GAAP Reconciliations (continued) ($ in millions) 1) Adjusted free cash flow is defined as cash provided by (used in) operating activities less capital expenditures and other non -cash adjustments, adjusted for merger and integration expense and severance and other expense (income). 2) Adjusted free cash flow margin is defined as adjusted free cash flow divided by total revenue, expressed as a percentage. A-8 Note: Certain columns and rows may not add due to the use of rounded numbers.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO A-9 Three Months Ended Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Net Income (loss) $ 15 $ 16 $ 23 $ 14 $ 18 $ 14 $ 6 $ (1) $ 2 $ (4) Adjustments: Merger and integration expense 9 1 4 2 2 1 1 0 4 10 Severance and other expense (0) 3 9 6 7 6 10 3 3 9 New facility expense - - - - - - - - - - Stock-based compensation expense 7 7 7 7 7 7 8 7 10 8 Gain on disposal of assets - - - - - - - - - - Total adjustments, before taxes 16 11 20 15 16 14 19 11 16 27 Tax benefit (0) (0) (0) (0) (0) (0) (0) (0) (0) (0) Total adjustments, net of taxes 16 11 20 15 16 14 18 11 16 27 Adjusted net income (loss) attributable to company 31 28 43 29 34 28 24 10 18 23 Non-GAAP Reconciliations (continued) ($ in millions, except per share amounts) Reconciliation of Adjusted Net Income (Loss) Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Net Income (loss) $ 0.13 $ 0.14 $ 0.19 $ 0.12 $ 0.16 $ 0.12 $ 0.05 $ (0.01) $ 0.02 $ (0.03) Adjustments: Merger and integration expense 0.08 0.01 0.03 0.01 0.02 0.01 0.01 0.00 0.03 0.09 Severance and other expense (0.00) 0.03 0.08 0.05 0.06 0.05 0.09 0.03 0.02 0.08 New facility expense - - - - - - - - - - Stock-based compensation expense 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.06 0.08 0.07 Gain on disposal of assets - - - - - - - - - - Total adjustments, before taxes 0.14 0.10 0.17 0.13 0.14 0.12 0.16 0.09 0.14 0.24 Tax benefit (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) Total adjustments, net of taxes 0.14 0.10 0.17 0.13 0.14 0.12 0.16 0.09 0.14 0.24 Adjusted net income (loss) attributable to company 0.27 0.23 0.36 0.25 0.30 0.24 0.21 0.09 0.15 0.21 As reported diluted weighted average common shares outstanding 114,923,702 118,293,677 118,129,232 116,929,082 115,508,918 115,447,110 115,143,267 113,624,307 114,446,970 112,343,412 Reconciliation of Adjusted Net Income (Loss) and Adjusted Net Income (Loss) per Diluted Share Note: Certain columns and rows may not add due to the use of rounded numbers.
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Copyright 2026 Expro®. All rights reserved. NYSE: XPRO 1) Contribution is defined as total revenue less cost of revenue excluding depreciation and amortization expense, adjusted for i ndirect support costs and stock-based compensation expense included in cost of revenue. 2) Contribution margin is defined as contribution as a percentage of revenue. Three Months Ended Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Total revenue $470 $423 $437 $391 $423 $411 $382 $368 $393 $440 Less: Cost of revenue, excluding depreciation and amortization (367) (331) (327) (305) (320) (311) (287) (298) (311) (345) Less: Depreciation and amortization related to cost of revenue (41) (40) (42) (45) (47) (46) (54) (45) (46) (52) Gross Profit 62 51 67 40 56 54 42 25 36 44 Add: Indirect costs included in cost of sales 70 72 73 70 69 68 70 67 66 73 Add: Stock based compensation expense & others 3 2 2 2 3 3 2 3 5 4 Add: Depreciation and amortization related to cost of revenue 41 40 42 45 47 46 54 45 46 52 Contribution 1 176 166 185 158 174 171 168 140 153 172 Gross Margin 13% 12% 15% 10% 13% 13% 11% 7% 9% 10% Contribution margin 2 37% 39% 42% 40% 41% 41% 44% 38% 39% 39% ($ in millions) Non-GAAP Reconciliations (continued) A-10 Note: Certain columns and rows may not add due to the use of rounded numbers.