2025 was a particularly transformative year for STRYDE, as we advanced our mission to make high-definition onshore subsurface imaging accessible to any industry - accelerating energy development, supporting decarbonisation initiatives, and de-risking critical infrastructure projects.
January 2025 opened a new chapter for the company as we became fully employee-owned following the completed acquisition of STRYDE from bp Launchpad. Our team truly bought into our vision, all motivated by owning a stake in the business and knowing that we held future success securely in our own hands moving forward.
We began the year with an ambitious goal to more than double our 2024 revenues. Thanks to the exceptional efforts of our team, we have exceeded that ambition, tripling our revenue for 2025. We will close the year with a strong, positive EBITDA and the delivery of significant free cash flow.
Growing adoption of autonomous nodal technology
In 2025, we delivered more than 375,000 nodes, including two seismic systems each exceeding 100,000 channels - underscoring our ability to execute at scale and meet growing market demand.
This strong performance reflects the accelerating adoption of STRYDE across a diverse range of applications - from natural hydrogen exploration to soil monitoring and infrastructure planning. Demand for advanced, affordable seismic solutions continues to grow as organisations seek clearer subsurface imaging to support exploration, decarbonisation initiatives, and more confident investment decisions.
In February, we strengthened our presence in the renewable energy sector by delivering our largest system deployment for a decarbonisation project to date. More than 40,000 STRYDE nodes were deployed on an onshore carbon capture and storage (CCS) exploration project in Denmark. As confidence in high-resolution seismic data continues to grow within the CCS market, we are now preparing for an even larger CCS exploration project, exceeding 50,000 nodes - scheduled to commence in January 2026.
This milestone underscores STRYDE’s expanding impact across industries since the business was formed in 2019. Back then, a 50,000 autonomous node deployment would have been considered large for an oil and gas project. Just six years later, industries with fundamentally different economics are adopting STRYDE systems at this scale, highlighting both the maturity of the technology and its ability to unlock high-quality subsurface imaging across new markets.
An industry first
In May, we also marked an industry first with the delivery of our one millionth unique node to the market. This milestone reflects the industry’s accelerating shift towards cable-free seismic acquisition, as well as the growing trust placed in STRYDE to supply the technology leading this transition.
More countries and bigger systems
Our technology has now been deployed in more than 65 countries, including new market entries in Egypt, Jordan, Libya, Taiwan, Portugal, Colombia, Sweden, Chile, Argentina, Bolivia, Croatia, Finland, Norway, Uzbekistan, Czech Republic and Uganda. While these achievements are significant, this year has been defined by far more than numbers alone.
For many years, ultra-large channel-count seismic systems - often exceeding 100,000 nodes on a single project, were largely confined to the Middle East and North Africa. This year, we have seen this scale adopted in other regions for the first time. This shift highlights not only the growing global demand for high-resolution seismic data, but also how advances in receiver technology and supporting operational ecosystems have made large-scale seismic acquisition practical and scalable.
Enabling new energy projects
This theme extended to the geothermal sector where we witnessed a continued rise in demand, particularly in Europe, driven by the need for local, low-carbon energy in urban environments. Seismic surveying is supporting these requirements by enabling geothermal developers to tap into deeper and more complex reservoirs.
This growth can no doubt be attributed to our highly differentiated technology. By relentlessly pushing for continuous improvement to drive greater image quality at high speed and at a low-cost point, we have become a trusted partner with our customers. This is underpinned by our end-to-end exploration services, delivered by our skilled team and trusted industry partners – with services ranging from site screening and fast-track seismic data processing through to expert interpretation. We are ultimately empowering exploration teams to accelerate decision-making, enhance subsurface understanding, and unlock project-wide efficiency gains, transforming the future of land seismic imaging.
Stepping into 2026
As we step into 2026, we are committed to building on the success of this year and leverage our technology leadership to support the evolving challenges of the global energy sector. We’re entering the year with our largest ever contracted backlog highlighting a springboard for further growth. I’m excited to continue pushing boundaries and shaping the future of seismic exploration together.