On July 28, 2026, GTT, the technological expert in membrane containment systems used to transport and store liquefied gases, announced its results for the first half of 2026.
From a financial standpoint, revenues for the first half of 2026 amount to 387.3 million euros and our EBITDA stands at 263.6 million euros, remaining stable compared with the first half of 2025. Driven by strong commercial momentum, the order book reaches 1.9 billion euros, providing strong visibility for the coming years.
The Group’s performance is in line with the objectives announced for 2026. In this context, and in the absence of significant delays in vessels’ construction schedules, the Group confirms its revenue and EBITDA objectives for the 2026 financial year. An interim dividend of 4.30 euros will be paid to shareholders in December”.
GTT Energy: Sustained Commercial Momentum
During the first half of 2026, the Group recorded a total of 65 orders, including 56 orders for new LNG carriers with deliveries expected between 2028 and 2030. The orders placed in the second quarter of 2026 included two 177,000 m3 LNG carriers featuring a three-tank configuration. This new design will equip four new vessels: two vessels ordered in November 2025 and two additional vessels ordered in May 2026. GTT was also selected to design the cryogenic tanks for two VLECs (Very Large Ethane Carriers), with deliveries scheduled between the fourth quarter of 2028 and the first quarter of 2029.
The Group continued to expand in the LNG infrastructure sector. It secured an order for a new FSRU with a capacity of 170,000 m3 on behalf of the Malaysian ship-owner MISC, and announced the order of the first FLNG in the United States. With the largest production capacity in the world, this FLNG will be built as part of the Delfin LNG 1 project. The delivery of these units is scheduled for the first quarter of 2029 (FSRU) and mid-2030 (FLNG). The Group also recorded orders for the design of five onshore storage tanks, including three LNG storage tanks, each with a capacity of 240,000 m3, and one ethane storage tank with a capacity of 200,000 m3. Built in China, they will be the largest tanks in the world equipped with GTT’s GST® technology. Delivery of the five onshore storage tanks ordered in the first half of 2026 is scheduled between the fourth quarter of 2027 and the fourth quarter of 2028.
In the first half of 2026, 45 LNG carriers were delivered, as well as one VLEC and one FSRU. The GTT Energy division posted revenues of 355.5 million euros in the first half of 2026. Revenues fell by -5.7% compared with the first half of 2025, mainly due to a lower number of LNG carriers under construction over the period.
GTT Marine: Commercial Achievements Highlighting the Integrated Approach Developed as Part of Danelec’s Integration
The GTT Marine division continued its commercial development and won several contracts thanks to its integrated offering combining hardware and software. In particular, it secured orders from Chinese ship-owners to equip more than 150 vessels, primarily container ships, with SPM (Shaft Power Metres) designed and distributed by GTT Marine. The development of the VDR (Voyage Data Recorder) activity also continued, with nearly 50 VDRs ordered from GTT Marine for retrofit operations scheduled for 2026.
The expected commercial synergies resulting from Danelec’s integration and the creation of GTT Marine materialized during the first half of 2026 through the signing of two contracts with new customers. In the first quarter of 2026, Petrobras selected GTT to equip up to 120 vessels with the Group’s weather routing and performance improvement solutions. GTT Marine also secured a contract in the second quarter of 2026 to equip the fleet of LNG carriers chartered by the Petronas group. These vessels will be fitted with the data collection equipment required to use GTT Marine’s performance monitoring and route optimisation solutions. The contract also includes digital assistance for monitoring the fleet and LNG cargo.
Finally, at the Posidonia exhibition held in Athens in June 2026, GTT Marine presented its portfolio of integrated, high value-added hardware and digital solutions to its partners.
The GTT Marine division posted revenues of 31.8 million euros in the first half of 2026. It recorded a very strong increase (+238% compared with the first half of 2025) due to Danelec being fully integrated.
Innovation
During the first half of 2026, GTT’s innovation approach was recognised by the INPI. It ranked GTT first among French medium-sized companies filing patents for 2025. The Group had filed 68 patent applications and maintained its 23rd position in the overall INPI ranking.
Orders for LNG carriers featuring a three-tank configuration confirm the adoption of the innovations developed by GTT for its customers and partners. This innovative concept results from the close collaboration between GTT, the shipyard and the ship-owner BW LNG, and was subject to AiP by the main classification companies as early as 2022. The three-tank configuration features targeted reinforcements and design enhancements to deliver performance beyond that of a conventional four-tank 174,000 m³ LNG carrier.
Equipped with GTT’s Mark III Flex membrane containment system, these vessels, each with a capacity of 177,000 m3, will retain the same dimensions as standard 174,000 m³ LNG carriers, together with the same terminal compatibility and loading and unloading capabilities, providing charterers with complete flexibility. By optimising the ratio of LNG cargo volume to insulation surface area, the design improves thermal efficiency and reduces the LNG boil-off gas rate by approximately 6% compared with a four-tank configuration equipped with the same technology.
Growing interest in GTT’s GST® onshore storage technology highlights the Group’s ability to innovate to respond to market developments and incorporate the increasing complexity of projects. Accordingly, the three onshore LNG storage tanks, each with a capacity of 240,000 m3, and the 200,000 m3 ethane storage tank to be built in China, will be the largest in the world, combining high performance with high operational flexibility. Their ability to store other liquefied gases supports future energy and industrial needs.
Order book as of June 30, 2026
As of January 1, 2026, GTT’s order book, excluding LNG as fuel, comprised 288 units. The following developments have occurred since January 1:
- Deliveries completed: 45 LNG carriers, 1 VLEC, 1 FSRU;
- Orders received: 56 LNG carriers, 2 ethane carriers, 5 onshore storage tanks, 1 FSRU, 1 FLNG;
As of June 30, 2026, the order book, excluding LNG as fuel, stood at 306 units, broken down as follows:
- 272 LNG carriers;
- 22 ethane carriers;
- 3 FSRUs;
- 4 FLNGs;
- 5 onshore storage tanks.
Regarding LNG as fuel, with the delivery of 5 vessels, there were 43 vessels in the order book at June 30, 2026.