Fugro reported a slight increase in third-quarter revenue, with one report putting sales up more than 2% to €525 million, but said profitability fell sharply and operating profit dropped by almost 60%.

The company continued to face weak demand for offshore wind projects, while receiving more work from the oil and gas sector amid high energy prices linked to the war in the Middle East. Fugro does not expect a recovery until the second half of the following year; one report said it expected recovery only in 2027.