Annual Report 2025

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Annual Report 2025

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Jump toCEO message Performance highlights Selected topics Client projects Our global presence Publications

CEO message

For Fugro, 2025 proved to be a challenging year. Rapidly changing energy markets – especially the headwinds facing offshore wind projects in several countries – resulted in a marked slowdown in early‑stage site characterisation work.

This year highlighted how global developments shape the energy and infrastructure landscape. Rising geopolitical tensions are reinforcing the need for national security and secure energy supply, while pressure on the energy transition is increasing, alongside growing demand for modern supply chains and infrastructure. At the same time, population growth and the rapid rise of artificial intelligence are driving sustained, structural increases in energy demand.

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Mark Heine Chief Executive Officer

Performance highlights

People

0.46

Lost time injury frequency

(per mln hours)

9%

Voluntary employee
turnover rate

26

Employee net promoter score (eNPS)

24%

Female employees

23%

Women in senior
management

Planet

55%

Renewables, infra and water

(as % of revenue)

483

Revenue from renewables

(in EUR million)

204

Absolute GHG emissions
scope 1 & 2

(ktCO₂eq)

8%

Vessel CO₂ intensity reduction owned & chartered vessels
(vs 2020)

3%

Vessel CO₂ intensity reduction
owned vessels
(vs 2020)

Profit

4.9%

EBIT margin

-7.4%

Free cash flow

(in % of revenue)

5.3%

Return on capital employed (ROCE)

56

Net promoter score
(NPS)

3.0%

R&D spend

(as % of revenue)

Selected topics

Introduction 1

Introduction

Fugro’s map, model and monitor solutions reduce Geo-risk for clients throughout the asset life cycle

Selected topics

Profile

Introduction

Fugro’s map, model and monitor solutions reduce Geo-risk for clients throughout the asset life cycle

case 01

CLIENT PROJECT

Delivering critical subsurface insights for Dubai Metro Blue Line

For this major infrastructure expansion – a key element of Dubai’s longterm urban mobility strategy – Fugro delivered comprehensive land and nearshore investigations along the 30kilometre route, which will feature 14 stations across elevated and underground sections.

Commissioned by the MAPA–LIMAK–CRCC joint venture, our work provides the geodata required for foundation design and construction.

case 03

CLIENT PROJECT

Multi-year contracts for monitoring of Petrobras’ subsea infrastructure

Transforming offshore monitoring with cutting-edge remote capabilities

In 2025, Fugro secured four multi-year contracts to monitor Petrobras’ subsea infrastructure in Brazil, reinforcing a decades-long partnership. Dedicated vessels equipped with advanced remotely operated vehicles (ROVs) will deliver precise subsea asset monitoring.

case 04

CLIENT PROJECT

Fugro and Ørsted break new ground with revolutionary technology

In Australia, Fugro has completed a landmark site investigation for Ørsted at a future offshore wind farm landing site along Victoria’s eastern coastline.

The project featured the first onshore deployment of Fugro’s patented Heat Flow Module cone penetration probe, which measures thermal properties of the soil.

case 05

CLIENT PROJECT

Pioneering remote ecology monitoring for offshore wind farms

The BeWild project, led by Fugro, has achieved a world-first: a fully remote ecology survey at CrossWind’s Hollandse Kust Noord offshore wind farm.

Together, the BeWild partners used cutting-edge technology by integrating computer vision and environmental DNA (eDNA) sampling into Fugro’s
Blue Volta^® electric remotely operated vehicle, deployed from the Blue Essence^® uncrewed surface vessel, operated from Fugro’s remote operations centre in Aberdeen.

case 06

CLIENT PROJECT

Next-generation coastal mapping, monitoring and modelling

Fugro is advancing its work on the EU-funded COASTS project to enhance coastal monitoring, with a focus on blue carbon ecosystems such as mangroves and seagrass. These habitats play a vital role in protecting shorelines, storing carbon, and supporting biodiversity.

Over the past year, Fugro engaged stakeholders in the Maldives, France, and Germany to understand their needs.

case 07

CLIENT PROJECT

Critical seabed insights for Dogger Bank South offshore wind farms

Fugro has successfully completed geotechnical investigations for Dogger Bank South (DBS) – a landmark offshore wind project by RWE and Masdar that will generate 3 GW of clean energy, enough to power 3 million UK homes. Located 122 km off England’s northeast coast, DBS is set to become a cornerstone of the UK’s renewable energy ambitions.

case 08

CLIENT PROJECT

Advancing safe development of small modular reactors

Together with Enercon Services, Inc., Fugro is supporting Holtec’s Pioneer Units 1 and 2 at the Palisades nuclear site in Michigan—their first small modular reactors planned for deployment in the United States.

Fugro’s role includes leading the project’s geotechnical licensing program, applying our GroundIQ^® expertise to deliver comprehensive subsurface characterisation and Geo‑data consultancy.

case 01

CLIENT PROJECT

Delivering critical subsurface insights for Dubai Metro Blue Line

For this major infrastructure expansion – a key element of Dubai’s longterm urban mobility strategy – Fugro delivered comprehensive land and nearshore investigations along the 30kilometre route, which will feature 14 stations across elevated and underground sections.

Commissioned by the MAPA–LIMAK–CRCC joint venture, our work provides the geodata required for foundation design and construction.

case 03

CLIENT PROJECT

Multi-year contracts for monitoring of Petrobras’ subsea infrastructure

Transforming offshore monitoring with cutting-edge remote capabilities

In 2025, Fugro secured four multi-year contracts to monitor Petrobras’ subsea infrastructure in Brazil, reinforcing a decades-long partnership. Dedicated vessels equipped with advanced remotely operated vehicles (ROVs) will deliver precise subsea asset monitoring.

case 04

CLIENT PROJECT

Fugro and Ørsted break new ground with revolutionary technology

In Australia, Fugro has completed a landmark site investigation for Ørsted at a future offshore wind farm landing site along Victoria’s eastern coastline.

The project featured the first onshore deployment of Fugro’s patented Heat Flow Module cone penetration probe, which measures thermal properties of the soil.

case 05

CLIENT PROJECT

Pioneering remote ecology monitoring for offshore wind farms

The BeWild project, led by Fugro, has achieved a world-first: a fully remote ecology survey at CrossWind’s Hollandse Kust Noord offshore wind farm.

Together, the BeWild partners used cutting-edge technology by integrating computer vision and environmental DNA (eDNA) sampling into Fugro’s
Blue Volta^® electric remotely operated vehicle, deployed from the Blue Essence^® uncrewed surface vessel, operated from Fugro’s remote operations centre in Aberdeen.

case 06

CLIENT PROJECT

Next-generation coastal mapping, monitoring and modelling

Fugro is advancing its work on the EU-funded COASTS project to enhance coastal monitoring, with a focus on blue carbon ecosystems such as mangroves and seagrass. These habitats play a vital role in protecting shorelines, storing carbon, and supporting biodiversity.

Over the past year, Fugro engaged stakeholders in the Maldives, France, and Germany to understand their needs.

case 07

CLIENT PROJECT

Critical seabed insights for Dogger Bank South offshore wind farms

Fugro has successfully completed geotechnical investigations for Dogger Bank South (DBS) – a landmark offshore wind project by RWE and Masdar that will generate 3 GW of clean energy, enough to power 3 million UK homes. Located 122 km off England’s northeast coast, DBS is set to become a cornerstone of the UK’s renewable energy ambitions.

case 08

CLIENT PROJECT

Advancing safe development of small modular reactors

Together with Enercon Services, Inc., Fugro is supporting Holtec’s Pioneer Units 1 and 2 at the Palisades nuclear site in Michigan—their first small modular reactors planned for deployment in the United States.

Fugro’s role includes leading the project’s geotechnical licensing program, applying our GroundIQ^® expertise to deliver comprehensive subsurface characterisation and Geo‑data consultancy.

Global player with local presence

More key competitive differentiators

Publications

Full Annual Report 2025

Interactive PDF

Download PDF

Annual Report 2025

Download PDF

Annual Report 2025

Download PDF

Jump toCEO message Performance highlights Selected topics Client projects Our global presence Publications

CEO message

Mark Heine Chief Executive Officer

Performance highlights

People

0.46

Lost time injury frequency

(per mln hours)

9%

Voluntary employee turnover rate

26

Employee net promoter score (eNPS)

24%

Female employees

23%

Women in senior management

Planet

55%

Renewables, infra and water

(as % of revenue)

483

Revenue from renewables

(in EUR million)

204

Absolute GHG emissions scope 1 & 2

(ktCO2eq)

8%

Vessel CO2 intensity reduction owned & chartered vessels (vs 2020)

3%

Vessel CO2 intensity reduction owned vessels (vs 2020)

Profit

4.9%

EBIT margin

-7.4%

Free cash flow

(in % of revenue)

5.3%

Return on capital employed (ROCE)

56

Net promoter score (NPS)

3.0%

R&D spend

(as % of revenue)

Selected topics

Selected topics

Global player with local presence

Publications

Full Annual Report 2025

Interactive PDF

Download PDF

ESEF package

Financial statements 2025

Interactive PDF

Download PDF

Sustainability statement 2025

Interactive PDF

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Introduction

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Strategy

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Financial performance

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Sustainability statement

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Leadership & governance

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Financial statements

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Other information

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Corporate website

Social media

Contact

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Voluntary employee
turnover rate

Women in senior
management

Absolute GHG emissions
scope 1 & 2

(ktCO₂eq)

Vessel CO₂ intensity reduction owned & chartered vessels
(vs 2020)

Vessel CO₂ intensity reduction
owned vessels
(vs 2020)

Net promoter score
(NPS)