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Following three record years in terms of order intake, and in an “uncertain” geopolitical environment, GTT achieved a “solid” commercial performance in its core business over the financial year 2025, the company said.
Notably, among these 19 LNG carrier orders, six are for ultra-large vessels with a capacity of 271,000 cbm, placed with the Chinese shipyard Hudong-Zhonghua.
Over the period, GTT also received an order from South Korea’s Samsung Heavy for one FLNG with a capacity of 238,700 cbm.
This is for Eni’s Coral Norte FLNG.
In the first quarter of this year, GTT booked orders for nine LNG carriers. It booked only one LNG carrier order in the second quarter, while it secured orders for nine LNG carriers in the third quarter.
This means that GTT secured orders for 18 LNG carriers in the fourth quarter.
In 2024, the firm booked orders for 72 LNG carriers. This includes orders for 25 LNG carriers in the first quarter, 27 LNG carriers in the second quarter, 16 LNG carriers in the third quarter, and four LNG carriers in the fourth quarter.
GTT noted that, since the beginning of 2026, it has announced 14 orders for LNG carriers, four of which have a capacity of 200,000 cbm, as well as two orders for VLECs, confirming the momentum seen at the end of the previous year.
LNG as fuel
GTT did not receive orders for LNG-fueled vessels in the third and fourth quarters of last year.
However, GTT received an order from Hudong-Zhonghua Shipbuilding in the third quarter for the design of tanks for an LNG bunker vessel with a total capacity of 18,600 cbm.
The firm received orders for 18 LNG-powered container vessels in the first half of last year.
French shipping giant CMA CGM ordered 12 LNG dual-fuel containerships from South Korea’s HD Hyundai Heavy Industries.
The LNG tanks of these container vessels will have a capacity 12,750 cbm.
Moreover, GTT announced a further order received in the second quarter, placed by HD Korea Shipbuilding & Offshore Engineering and concerning the design of 8,000 cbm tanks for six new LNG-powered container ships on behalf of Greece’s Capital.
All of these LNG tanks will be fitted with GTT’s Mark III Flex membrane containment system, along with the “1 barg” design, which allows an operating pressure of up to 1 barg.
Revenue climbs
As of December 31, 2025, GTT’s order book, excluding LNG as fuel, stood at 288 units.
This includes 261 LNG carriers, 21 ethane carriers, three FSRUs, and three FLNGs.
The order book for LNG fuel stood at 48 units, all containerships.
Moreover, GTT said its consolidated revenue rose 25 percent to 803 million euros ($944.3 million) in 2025, while its newbuild revenues reached 739.3 million euros, up 25 percent year-on-year.
“GTT is building on the global momentum for liquefied natural gas and posted a record financial performance in 2025 for the third consecutive year. After a period of uncertainty related to the international context that negatively impacted the first part of the year, the fundamentals of LNG demand led to a record volume of investment decisions for new liquefaction units, thus increasing visibility on our growth potential,” François Michel, CEO of GTT, said.
“The strong upturn in LNG carrier orders during the fourth quarter of 2025 and at the beginning of 2026 to meet the rise in LNG demand reaffirmed GTT’s central role in this value chain,” he said.
GTT expects 2026 consolidated revenue to be between 740 million euros and 780 million euros, and consolidated 2026 Ebitda to be between 490 million euros and 530 million euros.