Expro Group Holdings NV 2024年度报告

UNITEDSTATFSSECURITIESAND EXCHANGECOMMISSIONWashington,D.C.20549FORM10-K(MarkOne)~Annual ReportPursuanttoSection13orIS(d)oftheSecuritiesExchangeActof1934Forthefiscal yearendedDecember31, 2024OR0Trans itionReportPursuanttoSection13orIS(d)oftheSecuritiesExchangeActof1934Forthetransition periodfrom___to___C ommissionfilenumber:001-36053ExproGroupHoldingsN.V.(Exactnameofr egistrantas specified initscharter) Securities registered pursuanttoSection12(b)ofthe Act: I ndicate by check markifthe registrant is a well-known seasoned i ssuer,asdefinedinRule405oftheSecurities Act.Yes~No0 icate by check mark if the registrant isnotrequiredtofile reports pursuant toSection13orSection15(d)ofthe Act.Yes0No l2l Indicate bycheckmarkwhethertheregistrant( I) has filed all reportsrequiredtobefiledbySection13orIS(d)oftheSecuritiesExchamgeActof1934during thep receding 12 months(or for such shorterperiodthat the registrant was requiredtofile suchreports), and (2) has been subjecttosuchfiling requirementsforthepast90days.Yes~No0 Indicate by checkmarkwhether the registrant has submitted electronically every Interactive Data File requiredtobesubmitted pursuanttoRule405ofRegulationS-T(§232.405ofthis chapter) duringthepreceding12months (or for such shorter period that the registrant was required to submit suchfiles).Yesl2lNo0 Indicate by check mark whether the registrantis a large accelerate dfiler, an accelerated filer, a non-acceleratedfiler, a smallerreporting companyoran emerging growthcompany.Seethe definitionsof"largeacceleratedfiler,""acceleratedfiler,""smallerreportingcompany"and" emerginggrowthcompany"in Rule 12b-2oftheExchangeAct. Large acceleratedfilerl2lAcceleratedfiler0Non-accelerated filer0Smallerreporting company0Emerging growth company0 Ifanemerginggrowthcompany, indicatebycheck markifthe registrant has elected nottouse the extended transitionperiodforcomplyingwithanyneworrevisedfinancial accounting s.tandards provided pursuanttoSection13(a)ofthe Exchange Act.0 Indicate bycheckmarkwhether theregistrant has filed a repor tonand attestat ion to itsmanagement'sassessmentoftheeffectivenessofits internal control.overfinancial reportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bythe registered public accounting firm that preparedorissued its auditreport.~ 12(b)oftheAct, indicate by check mark whetherthefinancial statementsofthe registrantincludedinthefilingreflectthepreviously issued financia l statements.0 Jndicate by c heckmarkwhetheranyofthoseerror correctionsarerestatementsthat required a recoveryanalysisofincentive-based compensation receivedbya nyoftheregistrant'sexecutiveofficers duringtherelevant recoveryperiodpursuantto§240.100-1(b).0 Indicate by check mark whether the registrant is a shell company(asdefined in Rule 12b-2ofthe Act).Yes0Nol2l the aggregate marketvalueof the commonstockofthe registrantheld by non-affiliatesofthe registrant was approximately$2,035.4 million. AsofFebruary 18,2025,there were 116,377,932 sharesofcommon stock,€0.06nominal value per share, outstanding. DOCUMENTSINCORPORATEDBYREFERENCE PortionsoftheProxy Statement in connection with the2025Annual Meeting of Stockholders, tobefiled no laterthan120daysaftertheendofthe fiscalyeartow hichthis Form10-Krelates,are incorporated by reference into PartIllofthis Form10-K. ltem1.Business Gener al Expro Group Holdings N.Y. is a Netherlands limited liability company (Naamloze Vennootschap) and includestheactivitiesofits whollyownedsubsidiaries (eitherindividuallyortogether, as contextrequires,"Expro,"the"Company,""we,""us"and"our"). OnMarch10,2021,th eCompanyand New EagleHoldingsLimited, an exempted company limited by shares incorporated under the lawsoftheCaymanIslands and adirectwhollyownedsubsidiaryoftheCompany("MergerSub"),enteredintoanAgreementandPlanofMergerwithExproGroupHoldingsInternationalLimited("LegacyExpro")providing forthemergerofLegacy Expro withandinto MergerSubii.nanall-stock transaction, with MergerSu.bsurviving the mergerasad irect, wholly owned subsidiaryoftheCompany(the"Merger").TheMerger closed onOctober1,2021,and the Company, previouslyknownasFrank'sInternationalN.Y.("Frank's"),was renamed Expro Group Holdings N.Y. OurOperations Working for clients across the entire well lifecycle, we are a leading providerofenergy services, offering cost-effective,innovative solutions and what we consider tobebest-in-class safety and service quality. With roots dating to1938,we have approximately8,500employees and provide services and solutions to leading explorationand productioncompaniesinboth onshoreand offshore environmentsinover50countries.Ourextensiveportfolioofcapabilities spans well construction,well flowmanagement, subsea well access, and well intervention and integrity solutions. DescriptionofBusinessSegments four operating segments which also representourreporting segments and are aligned with North and Latin America(''NLA"),Europe andSub-SaharanAfrica("ESSA"),Middle EastandNorth Africa("MENA"),andAs