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Investor releaseQuarter not tagged2026-06-26OMS Energy Technologies Inc (OMSE) Full Year 2026 Earnings Call Highlights: Record Cash Flow ...
GuruFocus.com
OMS Energy Technologies Inc (OMSE) Full Year 2026 Earnings Call Highlights: Record Cash Flow ...
This article first appeared on GuruFocus. Release Date: June 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OMS Energy Technologies Inc (NASDAQ:OMSE) delivered solid profitability and record cash flow despite a year-over-year revenue decline. The company remains debt-free and ended the year with the strongest balance sheet in its history. Gross margin improved sequentially in the second half of the year, benefiting from a favorable revenue mix and continued cost discipline. OMS Energy Technologies Inc (NASDAQ:OMSE) has officially qualified as an approved specialty connector and pipe vendor for Kuwait Oil Company, opening new market opportunities. The company is advancing R&D initiatives to drive manufacturing efficiency and enable higher-value, automation-based services. Full-year revenue declined to $155.9 million from $203.6 million in fiscal 2025, primarily due to the timing of call-off orders under a long-term supply agreement with Saudi Aramco. The backlog at year-end was $60.7 million, down from $102 million a year ago, reflecting call-off timing dynamics. The geopolitical situation in the Middle East caused short-term logistical disruptions, including a delayed shipment worth approximately $800,000. Selling, general, and administrative expenses increased due to the first-year costs of operating as a public company. Free cash flow was bolstered by an inventory drawdown, which may not be sustainable at the same level in future years. Warning! GuruFocus has detected 2 Warning Sign with OMSE. Is OMSE fairly valued? Test your thesis with our free DCF calculator. Q: With over $154 million of cash and no debt, how should investors think about your capital allocation framework? A: How Meng Hock, CEO: We intend to maintain a strong debt-free balance sheet, which is a competitive advantage in our industry. Our top priority is reinvesting in the core business, including funding capacity, certification, and regional capabilities. We are also reviewing disciplined bolt-on opportunities adjacent to our existing products and services. Q: Many investors have asked about dividends or share buybacks. What is your stance on returning capital? A: How Meng Hock, CEO: Currently, we believe the highest return use of our capital is investing in growth opportunities. We don't have a dividend or buyback program in…Read full documentShow less
This article first appeared on GuruFocus. Release Date: June 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OMS Energy Technologies Inc (NASDAQ:OMSE) delivered solid profitability and record cash flow despite a year-over-year revenue decline. The company remains debt-free and ended the year with the strongest balance sheet in its history. Gross margin improved sequentially in the second half of the year, benefiting from a favorable revenue mix and continued cost discipline. OMS Energy Technologies Inc (NASDAQ:OMSE) has officially qualified as an approved specialty connector and pipe vendor for Kuwait Oil Company, opening new market opportunities. The company is advancing R&D initiatives to drive manufacturing efficiency and enable higher-value, automation-based services. Full-year revenue declined to $155.9 million from $203.6 million in fiscal 2025, primarily due to the timing of call-off orders under a long-term supply agreement with Saudi Aramco. The backlog at year-end was $60.7 million, down from $102 million a year ago, reflecting call-off timing dynamics. The geopolitical situation in the Middle East caused short-term logistical disruptions, including a delayed shipment worth approximately $800,000. Selling, general, and administrative expenses increased due to the first-year costs of operating as a public company. Free cash flow was bolstered by an inventory drawdown, which may not be sustainable at the same level in future years. Warning! GuruFocus has detected 2 Warning Sign with OMSE. Is OMSE fairly valued? Test your thesis with our free DCF calculator. Q: With over $154 million of cash and no debt, how should investors think about your capital allocation framework? A: How Meng Hock, CEO: We intend to maintain a strong debt-free balance sheet, which is a competitive advantage in our industry. Our top priority is reinvesting in the core business, including funding capacity, certification, and regional capabilities. We are also reviewing disciplined bolt-on opportunities adjacent to our existing products and services. Q: Many investors have asked about dividends or share buybacks. What is your stance on returning capital? A: How Meng Hock, CEO: Currently, we believe the highest return use of our capital is investing in growth opportunities. We don't have a dividend or buyback program in place, but our strong balance sheet gives us the flexibility to introduce one when the timing and conditions are right. Q: Reported operating margin this year was around 22.4%. How should investors think about a normalized margin going forward? A: How Meng Hock, CEO: This year's margin was elevated by mix. We suggest modeling a normalized level modestly below this year's margin. We have a track record of protecting margin through cost discipline, and as our mix diversifies, we expect a normalized range modestly below this year's levels. Q: Free cash flow was very strong this year, helped by an inventory drawdown. How sustainable is that, and is inventory now too lean to support growth? A: How Meng Hock, CEO: This year's cash generation was partly due to disciplined working capital management. We don't expect a similar working capital release every year, so a normalized free cash flow level will be somewhat lower. Our inventory level is aligned with expected order activity and supports our delivery commitments. Q: Why did earnings per share fall more than net profit this year? A: How Meng Hock, CEO: The steeper decline in EPS is due to the full-year effect of additional shares issued in our May 2025 IPO, leading to a higher weighted average share count year-over-year. The wider per-share decline reflects the larger post-IPO share base, not a change in the underlying business. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
TranscriptFY2026 Q42026-06-26FY2026 Q4 earnings call transcript
Earnings source - 24 paragraphs
FY2026 Q4 earnings call transcript
Hello, ladies and gentlemen. Thank you for standing by for OMS Energy Technologies Inc. Fiscal Year 2026 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. Before we begin, the company's financial and operational results were released through Global Newswire Services earlier today and have been made available online. You can also view the earnings press release by visiting the OMS IR website at ir.omsos.com. Please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements typically contain words such as may, will, expect, target, estimate, intent, believe, potential, continue, and other similar expressions. Forward-looking statements involve inherent risks and uncertainties.
The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, many of which are factors beyond our control. The company, its affiliates, advisors, and representatives do not undertake any obligations to update this forward-looking information, except as required under the applicable law. I will now turn the call over to Mr. How Meng Hock. Please go ahead.
Thank you, operator, thank you everyone for joining us today. My name is How Meng Hock. I'm the CEO of OMS Energy Technologies Inc. This is our first earnings call covering a full fiscal year as a public company since our Nasdaq listing in May of last year. For investors newer to our story, OMS is a Singapore-headquartered equipment manufacturer and an engineered solution supplier of surface wellhead systems and oil country tubular goods, serving the upstream onshore and offshore oil and gas markets across Asia Pacific, the Middle East, and Africa. We operate 11 fully certified manufacturing facilities across six key markets, supplying a diverse, established customer base anchored by long-term contracts. We delivered a resilient performance in fiscal 2026 against a complex macro environment.
Before I dive into the numbers, I want to address the geopolitical situation in the Middle East because it bears on how to read our full-year results. Throughout the period, our first priority has been the safety and well-being of our employees and their families. We have taken all necessary precautions to protect our people, our Saudi facility has remained operational. At the same time, the conflict has caused some short-term logistical disruption in our business. Most notably, a shipment of specialty connectors from Singapore to the UAE, worth approximately $800,000, was delayed when the conflict broke out. We still expect to fulfill that shipment, we remain cautious given the fluid regional environment and the uncertainty around when logistics activity will fully return to normal. The seasonal slowdown around Ramadan this year coincided with heightened regional caution, compounding the effects.
That said, our business remained healthy, delivering solid profitability and record cash flow despite a year-over-year revenue decline. We also remained debt-free and ended the year with the strongest balance sheet in our history. Full-year revenue was $155.9 million, compared to $203.6 million in FY 2025. This decline was primarily driven by the timing of call-off orders under our long-term supply agreement with Saudi Aramco, set against an unusually high prior year base. As a reminder, FY 2025 included the overlap of the conclusion of our previous Aramco contract with the ramp-up of our new 10-year agreement signed in early 2024. That combination produced a revenue level in the first half of FY 2025 that we did not expect to repeat this year. Looking at the second half of 2026 in isolation tells a cleaner story.
Our second half revenue was broadly stable year-over-year, confirming that the full-year decline was largely attributable to the first half base effect, not continued deterioration in our run rate. Margins also held firm through the second half, and gross margin improved sequentially compared to the first half, benefiting from a favorable revenue mix and continued cost discipline. Let me be very clear on the Aramco contract, as I was at the half-year mark, these are deferred orders, not lost orders. Our long-term agreement with Aramco remains fully intact. Our relationship remains strong, and there has been no cancellation. The pace of call-off orders is governed by customers' inventory management, inspection schedules, and CapEx cycle. We do not control this variable, and these fluctuations are entirely normal and expected in our industry. In March, we announced an $11 million call-off from Aramco under the existing agreement.
Signaling a recovery in the pace of their procurement activity. That order is now in our backlog, expected to be recognized in FY 2027. Our backlog at year-end was $60.7 million, compared to $102 million a year ago. The decline reflects the same call-off timing dynamics, not a change in demand. To put the year-end backlog figure in context, the same independent industry forecaster informed our planning call for MENA, Middle East-North Africa, oil and gas capital spending to grow by approximately 4% in calendar 2026, and to accelerate to 6%-7% range in 2027 and 2028 as deferred projects and post-conflict repair work flow into the regional budgets. Across the region, there have been no cancellation of major projects, only delays and timing shifts, and Saudi Aramco's capital program remains on track.
Therefore, we characterize this year-end figure as a point-in-time low within the normal call-off timing cycle, not a structural step-down, and we expect the backlog to rebuild as Aramco's activity recovers through FY 2027. Beyond Aramco and Saudi Arabia, our diversification efforts continue to build a more balanced footprint across the region. In specialty connectors and pipe, our revenue outside Saudi Arabia grew to $4.6 million from $2 million, driven by export sales into the UAE, Pakistan, and Indonesia. In surface wellhead system and Christmas trees, revenue grew to $10.9 million from $8.7 million, supported by Indonesia and by first wins in new markets, including Pakistan and Angola. While these markets are smaller relative to the Middle East, they represent avenues for long-term expansion.
We also continue to see encouraging growth in selected Asian markets, including a 17% revenue increase in Thailand, 16% increase in Indonesia, and 8% increase in Brunei. Furthermore, OMS has officially qualified as an approved specialty connector and pipe vendor for Kuwait Oil Company. Kuwait is the second-largest market for specialty connectors in the Middle East. While competition there is fierce, this qualification allows us to participate in future tenders and adds another country to our growth and diversification strategy. Order momentum in the surface wellhead and Christmas tree is building across our other diversification markets with approximately $1 million in Oman, $1.3 million in Indonesia, and $0.26 million in Pakistan now in our backlog. We are also in the bidding process for several surface wellhead system opportunities in Nigeria and Kazakhstan, new territories that would expand our footprint.
Meanwhile, we are advancing plans to establish a local presence in Pakistan and the UAE, in line with the broader localization trends we are seeing across the region. We expect to file those application in August. On the operational front, two recent certifications are beginning to translate into commercial activity. With OMS Saudi's API Specification 6A certification in hand, we are now working to establish a service and maintenance arrangement with a U.S.-based drilling company. Meanwhile, OMS Indonesia's API 11D1 certification allowed us to expand into equipment installation for a customer in Indonesia. Both milestones support our product and services diversification strategy. We are also advancing R&D initiatives designed to drive manufacturing efficiency and enable us to deliver higher-value, automation-based services. We recently signed a research and collaboration agreement with Nanyang Technological University focused on finite element analysis for metal, welded, and additive manufactured parts.
Separately, we are working with the Singapore Institute of Manufacturing Technology on CNC machine sensing, anomaly detection, and overall equipment effectiveness. We will further report on this program as they progress. Turning now to our broader financial metrics. This year, we are introducing two non-IFRS measures, adjusted EBITDA and adjusted free cash flow. We are adding this to better align with our peers' reporting and facilitate investors' evaluation of our business across cycles. Full reconciliations are in our earnings release. For the full year, gross profit was $47.2 million, for a gross margin of 30.3%. Margin held up well given the lower volume base, underscoring our pricing discipline and supply chain management. Adjusted EBITDA was $41.2 million. Operating profit was $34.9 million, for an operating margin of 22.4%, and net profit was $33.9 million.
Let me briefly provide context on two items affecting our year-over-year comparability so that you can update your models cleanly. First, our effective tax rate was 11.8%, down from 21.9% in fiscal 2025. This was largely attributable to one-off items, including the favorable resolution of a prior year tax matter that resulted in a return of $2.3 million and an over-provision of $0.5 million in an earlier period. Excluding this, our normalized effective tax rate will be approximately 19.1%, broadly consistent with prior years. That is the rate we would encourage you to use going forward. Second, the uptick in our selling, general, and administrative expenses reflected the first-year cost of operating as a public company, including compliance, directors and officers insurance, cybersecurity, and investor relations.
While some of these costs, such as investor relations, legal, and audit fees, are recurring, others were one-time or more elevated first-year setup costs. We expect this line to normalize toward approximately $11 million in the coming year as the one-time costs roll off. Cash conversion through working capital and collection management is a core operational discipline for us, and the team handled it well through fiscal 2026. Net cash from operating activities was $54.1 million for fiscal year 2026, and adjusted free cash flow was $52.5 million, an increase of $14.9 million or 39.4% over the prior year. In terms of composition, approximately $15.4 million of that cash came from inventory drawdown as we resize stock in line with the lower call-off cadence.
Our target inventory level is in the $20 million-$25 million range, which means some of this cash will be reinvested in working capital during fiscal 2027 to support delivery of the Aramco order and other commitments. The underlying cash conversion of profit remains strong, I would not encourage investors to model the fiscal 2026 free cash flow figure as a full-cycle run rate. Combined with the $28.9 million in IPO proceeds we received in May 2025, this cash generation drove our cash and restricted cash to a record $154.3 million as of March 31, 2026. Importantly, our balance sheet remains debt-free. Our cash reserves are contributing meaningful finance income, and our overall financial strength positions us to invest in growth. Our priority is disciplined development that builds on what we already do well.
To that end, we have initiated a review of potential opportunities to extend our portfolio, mapping them to our core strength by both fit and time horizon. In the nearer term, this has pointed us to completion and production technologies adjacent to our existing portfolio, such as artificial lift and, building on our recent certification, packers. Over the longer term, we are exploring areas in the energy transition space where our subsurface and engineering expertise is relevant, such as geothermal and carbon capture and storage. This is a structured exploratory process, not a commitment to any given transaction or sector. The conversations will take time because the strategic fit and valuation both have to be right, it reflects how seriously we are approaching capital deployment. We are confident in our ability to put this balance sheet to work on long-term, high-return opportunities without the need to raise additional equity.
Looking ahead, the industry backdrop is still mixed in the near term, becoming more supportive over the medium term. The first half of calendar 2026 was slower across the Middle East as the conflict weighed on execution. As I mentioned earlier, those same independent forecasts point to regional capital spending strengthening over 2027 and 2028. Saudi Aramco's capital program remains on track, though the broader Saudi market is not immune to regional cost pressure. The recovery will not be uniform. The international oil majors continue to emphasize capital discipline, with group CapEx forecast to be approximately flat in 2026 versus 2025. We expect acceleration to be concentrated among the national oil companies and in post-conflict rehabilitation activity rather than broad-based regional search.
We also see a clear multiyear trend towards supply chain localization across the Gulf, which favor suppliers with in-region manufacturing and certification, precisely where we have been investing. Across our other markets, the picture is mixed. Indonesia remains active with intensifying tender activity. Thailand continues to be busy, and Brunei is drawing renewed interest from a broader set of operators. In Malaysia, activity has been softer as PETRONAS directs more work outside the country, and our Singapore operations are facing some near-term pressure as regional work shifts towards the Middle East. Taken together, we expect the demand environment to firm up as recovery and rehabilitation spending builds. Assuming no further material geopolitical disruption, we would expect to perform modestly better than this year on the top line, supported by Aramco call-off activity gradually picking up and continued progress in our diversification markets.
As we reinvest in capabilities and continue to absorb full-year public company costs against a more diversified mix, we will point to a normalized operating margin to settle modestly below this year's level, which benefited from a favorable revenue mix. To sum up, our top-line performance was constrained by call-off timing against a difficult macro backdrop in fiscal 2026. Disciplined execution and strategic diversification kept the underlying business strong. We closed the year with record cash, a debt-free balance sheet, and healthy margins. OMS is more stable, more globally diversified than any other point in our history. Moving forward, we'll both focus on deploying our balance sheet strength effectively to convert Aramco order recovery and expanding regional opportunities into visible growth and long-term value. Before we close, I'd like to spend a few minutes addressing some of the questions we anticipate may be on investors' minds following these results.
I know there's particular interest in how we intend to use our balance sheet, let me speak on a few of these directly. One, with over $154 million of cash and no debt, how should investors think about our capital allocation framework? We intend to preserve a strong debt-free balance sheet throughout any capital allocation activity. In our industry, financial resilience is a competitive advantage when serving large national oil company customers who value suppliers that can deliver reliably over long contract cycles. That said, our top priority is to reinvest in the core business funding capacity, certification, and in-region capabilities that drive our growth, including potential local presence initiatives in Pakistan and the U.A.E. Second, as I noted earlier, we are reviewing disciplined bolt-on opportunities adjacent to our existing product and services, assessed on strategic fit and valuation.
Our cash position allows us to pursue this without raising new capital or taking on debt. Two, many investors, particularly in Asia, have asked about dividends or share buybacks. What is our thinking on returning capital? At this stage, we believe the highest return use of our capital is investing to support growth, where we see attractive opportunities in our core markets and selective bolt-ons. We don't currently have a dividend or buyback program in place, our strong debt-free balance sheet gives us the flexibility to introduce one when the timing and conditions are right. We hear the interest clearly, and we'll be transparent with the market as our thinking evolves. Three, reported operating margin this year was around 22.4%. How should an investor think about a normalized margin going forward? To be clear, we're not providing a formal guidance.
The point is simply that this year's reported margin was elevated by mix. We would encourage modeling a normalized level modestly below it. We have a track record of protecting margin through cost discipline, even in lower volume years, as this year's demonstrated. We would rather set a benchmark that we are confident that we can meet and to work to do better. Our mix diversifies away from peak Saudi specialty connector volume towards newer product and markets. As we carry a full year of public company costs and continue to reinvest, we think a normalized range modestly below this year's levels is the responsible way for investors to model us. 4, free cash flow was very strong this year, helped by an inventory drawdown. How sustainable is that? Is inventory now too lean to support growth?
Part of this year's cash generation came from disciplined working capital management, including converting earlier inventory built into deliveries in line with a lower call-off cadence. We wouldn't expect a working capital release of the same size every year. A normalized free cash flow level will be somewhat lower. On inventory, we manage a level aligned with expected order activity, including the 11 million Aramco call-offs scheduled for fiscal 2027, and we are comfortable it supports our delivery commitments. 5, our EPS fell more than our net profit this year. Why is that? The steeper decline in EPS than in net profit is largely mechanical. This year's result carried the full year effect of the additional shares issued in our May 2025 IPO. Our weighted average share count was higher year over year.
In other words, the wider per-share decline reflects the larger post-IPO share base, not the change in the underlying business beyond the revenue timing we discussed earlier. Importantly, the same share base means that as profit recovers alongside Aramco call-off activity, the benefit flows through per-share earnings on the way back up. With this, we conclude our prepared remarks. Thank you once again for joining us today. If you have further questions, please feel free to contact OMS or Piacente Financial Communications.
Thank you. With this concludes today's conference call. You may now disconnect. Thank you.
Investor releaseQuarter not tagged2026-06-25OMS Energy Technologies Inc. Announces Fiscal Year 2026 Financial Results
GlobeNewswire
OMS Energy Technologies Inc. Announces Fiscal Year 2026 Financial Results
Generated Record Operating Cash Flow of $54.1 Million; Maintained Profitability Debt-Free $154.3 Million Cash Position Supports Continued Geographic Expansion SINGAPORE, June 25, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2026. The Company also announced that it has filed its annual report on Form 20-F for the fiscal year ended March 31, 2026 with the U.S. Securities and Exchange Commission. Fiscal Year 2026 Financial Highlights Total revenues were $155.9 million for fiscal year 2026, compared with $203.6 million for fiscal year 2025. Gross margin was 30.3% for fiscal year 2026, compared with 33.9% for fiscal year 2025. Operating profit was $34.9 million for fiscal year 2026, compared with $59.9 million for fiscal year 2025. Adjusted EBITDA was $41.2 million for fiscal year 2026, compared with $64.1 million for fiscal year 2025. Net cash provided by operating activities was $54.1 million for fiscal year 2026, compared with $40.5 million for fiscal year 2025. Adjusted free cash flow was $52.5 million for fiscal year 2026, compared with $37.6 million for fiscal year 2025. Recent Business Highlights In March 2026, OMS Saudi received a US$11 million “Call-off Order” for specialty connectors and pipes under the Company's 10-year agreement with Saudi Aramco, signed in 2024. Call-off Orders are purchase orders issued upon customer request under long-term supply contracts with pre-agreed terms that vary by customer. This order represents the continued conversion of the Company’s agreement with Saudi Aramco into active revenue In March 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.6 million in surface wellhead system orders and a contract extension from operators in Oman, Pakistan and Indonesia. The orders included OMS's first 10,000-PSI full wellhead and production tree system in Pakistan and a contract extension with Pertamina Hulu Rokan in Indonesia due to demand exceeding the original contract value. In January 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.2 million in specialty connector orders from oil and gas operators in…Read full documentShow less
Generated Record Operating Cash Flow of $54.1 Million; Maintained Profitability Debt-Free $154.3 Million Cash Position Supports Continued Geographic Expansion SINGAPORE, June 25, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2026. The Company also announced that it has filed its annual report on Form 20-F for the fiscal year ended March 31, 2026 with the U.S. Securities and Exchange Commission. Fiscal Year 2026 Financial Highlights Total revenues were $155.9 million for fiscal year 2026, compared with $203.6 million for fiscal year 2025. Gross margin was 30.3% for fiscal year 2026, compared with 33.9% for fiscal year 2025. Operating profit was $34.9 million for fiscal year 2026, compared with $59.9 million for fiscal year 2025. Adjusted EBITDA was $41.2 million for fiscal year 2026, compared with $64.1 million for fiscal year 2025. Net cash provided by operating activities was $54.1 million for fiscal year 2026, compared with $40.5 million for fiscal year 2025. Adjusted free cash flow was $52.5 million for fiscal year 2026, compared with $37.6 million for fiscal year 2025. Recent Business Highlights In March 2026, OMS Saudi received a US$11 million “Call-off Order” for specialty connectors and pipes under the Company's 10-year agreement with Saudi Aramco, signed in 2024. Call-off Orders are purchase orders issued upon customer request under long-term supply contracts with pre-agreed terms that vary by customer. This order represents the continued conversion of the Company’s agreement with Saudi Aramco into active revenue In March 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.6 million in surface wellhead system orders and a contract extension from operators in Oman, Pakistan and Indonesia. The orders included OMS's first 10,000-PSI full wellhead and production tree system in Pakistan and a contract extension with Pertamina Hulu Rokan in Indonesia due to demand exceeding the original contract value. In January 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.2 million in specialty connector orders from oil and gas operators in the United Arab Emirates, Pakistan and Indonesia, advancing its strategy to diversify specialty connector sales beyond its core Saudi Arabian market. In January 2026, OMS Saudi earned API Specification 6A certification, enabling the subsidiary to provide repair and maintenance services for wellhead and Christmas tree equipment. Combined with existing API Specifications Q1, 5CT, 5L and 7-1 certifications, this positions OMS Saudi as a supplier of diverse products and services in the Kingdom of Saudi Arabia. In November 2025, OMS Indonesia obtained API Specification 11D1 certification and expanded its product portfolio with certified, self-developed retrievable mechanical and hydraulic packers, complementing its existing API-6A-certified surface wellheads and Christmas trees. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We delivered a resilient performance in fiscal year 2026 amid a challenging operating environment. While revenue reflected the timing of Call-off Orders under our long-term Saudi Aramco contract against an exceptionally high prior-year comparison, our underlying business remained healthy and profitable. We generated record operating cash flow, ended the year debt-free with $154.3 million in cash and restricted cash, and continued to diversify across new geographies and customers, winning our first surface wellhead and Christmas tree contracts in Pakistan and Angola and earning new certifications that expand our addressable opportunities in the Middle East and Southeast Asia. Together with our strong customer relationships and long-term contracts, these achievements position OMS for sustainable growth as industry activity recovers.” Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2026 financial results reflect the strength of OMS’s business model and operational discipline. We maintained profitability despite the year-over-year revenue decline, delivering gross margin of 30.3%, operating profit of $34.9 million, and net profit of $33.9 million. Cash generation was a highlight, with record operating cash flow of $54.1 million and adjusted free cash flow of $52.5 million. We ended the fiscal year debt-free with $154.3 million in cash and restricted cash, providing flexibility to support organic growth initiatives, selectively evaluate strategic expansion opportunities, and drive long-term value creation.” Fiscal Year 2026 Financial Results RevenuesTotal revenues for fiscal year 2026 were $155.9 million, compared with $203.6 million for fiscal year 2025. This decline was primarily driven by the timing of Call-off Orders under OMS’s long-term supply agreement with Saudi Aramco, set against an unusually high prior-year base, which included the overlap of the conclusion of the Company’s previous Aramco contract with the ramp-up of its new ten-year agreement signed in early 2024. Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes were $96.1 million for fiscal year 2026, compared with $143.1 million for fiscal year 2025. The decrease was mainly driven by the timing of Call-off Orders for specialty connectors and pipes in Saudi Arabia. Excluding Saudi Arabia, revenue from specialty connectors and pipes was $4.6 million for fiscal year 2026, an 130% increase from $2.0 million for fiscal year 2025, primarily contributed by higher export sales to the United Arab Emirates, Pakistan and Indonesia. These orders highlight OMS's accelerating geographic expansion. Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment were $10.9 million for fiscal year 2026, compared with $8.7 million for fiscal year 2025. The increase was largely attributable to stronger demand from a major Indonesian customer. OMS also secured its first surface wellhead and Christmas tree customers in Pakistan and Angola during fiscal year 2026. Premium threading services. Revenues from rendering of premium threading services were $33.4 million for fiscal year 2026, compared with $36.8 million for fiscal year 2025. The decrease was mainly attributable to reduced oil and gas production in Malaysia and Singapore, partially offset by higher activity in Indonesia and Thailand. Other ancillary services. Revenues generated from other ancillary services were $15.5 million for fiscal year 2026, compared with $15.0 million for fiscal year 2025, remaining stable due to consistent demand for repair and inspection services across OMS's primary markets. As of March 31, 2026, the Company’s backlog was $60.7 million, compared with $102.0 million as of March 31, 2025. The decrease primarily reflects the timing of Call-off Orders under the Company's long-term Saudi contracts rather than a change in underlying customer demand. Management uses backlog as an operating metric to gauge future revenue visibility and to support planning and resource-allocation decisions. It represents estimated revenue from confirmed customer orders and contracts that have not yet been recognized as revenue and are expected to be delivered within the next 12 months. Cost of revenuesCost of revenues was $108.7 million for fiscal year 2026, compared with $134.6 million for fiscal year 2025. Gross profitGross profit was $47.2 million for fiscal year 2026, compared with $69.0 million for fiscal year 2025. Gross margin was 30.3% for fiscal year 2026, compared with 33.9% for fiscal year 2025. OMS maintained a healthy gross margin despite a lower sales volume, reflecting continued cost discipline, operational efficiency and customer engagement. Selling, general and administrative expensesSelling, general and administrative expenses, which consist primarily of personnel costs, transportation and logistics, premises-related expenses, legal and professional fees, sales and marketing expenses and risk management-related costs were $12.4 million for fiscal year 2026, compared with $9.1 million for fiscal year 2025. The increase was primarily due to additional post-IPO compliance costs and cybersecurity readiness initiatives. Operating profitOperating profit was $34.9 million for fiscal year 2026, compared with $59.9 million for fiscal year 2025. Total other income, netTotal other income, net was $0.3 million for fiscal year 2026, compared with $0.2 million for fiscal year 2025, remaining relatively stable. Income Tax ExpenseIncome tax expense was $4.5 million for fiscal year 2026, compared with $13.2 million for fiscal year 2025. The reported effective tax rate of 11.8% reflected approximately $2.8 million of non-recurring items, including a $2.3 million recovery related to the resolution of a prior-year tax matter in Saudi and a $0.5 million over-provision adjustment in Singapore. Excluding these items, the normalized effective tax rate for fiscal year 2026 would have been approximately 19.1%, broadly in line with the prior-year rate of 21.9%. Net profitNet profit was $33.9 million for fiscal year 2026, compared with $47.0 million for fiscal year 2025. Basic and diluted EPSBasic and diluted earnings per share were both $0.77 for fiscal year 2026, compared with both $1.18 for fiscal year 2025. Adjusted EBITDAAdjusted EBITDA was $41.2 million and adjusted EBITDA margin was 26.4% for fiscal year 2026. Balance sheet and cash flowAs of March 31, 2026, the Company’s cash and cash equivalents and restricted cash totaled $154.3 million, compared with $75.8 million as of March 31, 2025, primarily reflecting the inflow from the net IPO proceeds of $28.9 million received in May 2025 and higher net cash provided by operating activities of $54.1 million for fiscal year 2026, compared with net cash provided of $40.5 million for fiscal year 2025. Adjusted free cash flow was $52.5 million for fiscal year 2026, an increase of $14.9 million compared with $37.6 million for fiscal year 2025 driven by improved management of receivables, payables and inventory level, including a $15.4 million reduction in inventory as OMS drew down stockpiles previously built ahead of anticipated Saudi Aramco Call-off Orders. As regional order activity resumes, the Company anticipates rebuilding inventory toward its target range of approximately $20 million to $25 million, which is expected to moderate the working capital contribution to free cash flow in future periods. Annual Report on Form 20-FThe Company’s Annual Report on Form 20-F for the fiscal year ended March 31, 2026 has been filed with the SEC and is available on the Investor Relations section of the Company’s website at ir.omsos.com and on the SEC’s website at www.sec.gov. Shareholders may receive a hard copy of the Company’s complete audited financial statements free of charge upon request. Conference CallThe Company’s management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on June 25, 2026, or 8:00 A.M. Singapore Time on June 26, 2026 to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BId74ddae27dff4d1cb0684c0bfbdd2a9c Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference. A live webcast of the conference call will also be available on the Company’s investor relations website at ir.omsos.com. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Non-IFRS Financial Measures This document includes references to non-IFRS financial measures, including: Adjusted EBITDA and Adjusted Free Cash Flow. These measures provide meaningful supplemental information regarding OMS's performance by eliminating items that are not central to OMS's core business. However, there are a number of limitations related to the use of non-IFRS financial measures, and as such, the presentation of these non-IFRS financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS measures with comparable names used by other companies. See below for additional explanations about the non-IFRS financial measures, including their definitions and a reconciliation of these forward-looking non-IFRS measures to the most directly comparable IFRS financial measures. Explanation of non-IFRS financial measures: Adjusted EBITDA is calculated as net profit for the period adjusted to exclude: (i) income tax expense, (ii) other income, net, (iii) finance income, (iv) finance cost and (v) depreciation and amortization, including lease depreciation. Adjusted EBITDA shows a clearer picture of the earnings generated from the Company's operations by excluding the impact of non-cash items, financing costs and income, taxes and other items not considered indicative of the Company's core operating performance, providing management and investors a clearer metric to evaluate the profitability and cash generation capability of the Company's operations. Explanation of non-IFRS financial measures: Adjusted Free Cash Flow is defined as net cash flows from operating activities less capital expenditures, including acquisition of property, plant and equipment and acquisition of intangible assets, plus proceeds from sale of property, plant and equipment. This measure assesses the Company's capital efficiency by deducting the cash required to purchase, replace and upgrade the machineries, equipment and systems required to keep the production lines running. For investor and media inquiries, please contact: OMS Energy Technologies Inc.Investor RelationsEmail: [email protected] Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: [email protected]
Investor releaseQuarter not tagged2026-06-22Micron Heads Into Earnings With Strong Signal
GuruFocus.com
Micron Heads Into Earnings With Strong Signal
This article first appeared on GuruFocus. Micron Technology (NASDAQ:MU) and BlackBerry (NYSE:BB) head into this week's earnings calendar with the strongest Quant Ratings among companies set to report. Micron leads the list with a 4.99 Quant Rating, putting the memory-chip maker near the top of the screen as investors watch for AI-driven DRAM demand, pricing trends and margin momentum. BlackBerry follows closely with a 4.93 rating, giving it one of the strongest factor profiles among upcoming reports. Warning! GuruFocus has detected 8 Warning Signs with MU. Is MU fairly valued? Test your thesis with our free DCF calculator. Other higher-rated names include Medexus Pharmaceuticals at 3.73, TD SYNNEX at 3.48, PodcastOne at 3.45 and FedEx at 3.43. On the weaker end, Nano-X Imaging carries a 1.09 Quant Rating, while OMS Energy Technologies stands at 1.52 and Winnebago at 1.88, signaling more caution around those reports. For investors, the screen offers a quick way to separate stronger factor setups from weaker ones before earnings. Still, Quant Ratings are only one input, and earnings surprises can quickly reset sentiment.
Investor releaseQuarter not tagged2026-06-18OMS Energy Technologies Inc. to Announce Fiscal Year 2026 Financial Results on Thursday, June 25, 2026
GlobeNewswire
OMS Energy Technologies Inc. to Announce Fiscal Year 2026 Financial Results on Thursday, June 25, 2026
Earnings Call Scheduled for 8:00 P.M. U.S. ET on June 25, 2026 Singapore, June 18, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced that it will report its financial results for fiscal year 2026, ended March 31, 2026, on Thursday, June 25, 2026, after the U.S. market closes. The Company’s management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on June 25, 2026, or 8:00 A.M. Singapore Time on June 26, 2026 to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BId74ddae27dff4d1cb0684c0bfbdd2a9c Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference. Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at ir.omsos.com, and a replay of the webcast will be available following the session. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. For investor and media inquiries, please contact: OMS Energy Technologies Inc.Investor RelationsEmail: [email protected] Piacente Financial Co…Read full documentShow less
Earnings Call Scheduled for 8:00 P.M. U.S. ET on June 25, 2026 Singapore, June 18, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced that it will report its financial results for fiscal year 2026, ended March 31, 2026, on Thursday, June 25, 2026, after the U.S. market closes. The Company’s management will hold an earnings conference call at 8:00 P.M. U.S. Eastern Time on June 25, 2026, or 8:00 A.M. Singapore Time on June 26, 2026 to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BId74ddae27dff4d1cb0684c0bfbdd2a9c Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference. Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at ir.omsos.com, and a replay of the webcast will be available following the session. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. For investor and media inquiries, please contact: OMS Energy Technologies Inc.Investor RelationsEmail: [email protected] Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: [email protected]
Investor releaseQuarter not tagged2025-11-22OMS Energy Technologies Inc (OMSE) (Half Year 2025) Earnings Call Highlights: Strategic ...
GuruFocus.com
OMS Energy Technologies Inc (OMSE) (Half Year 2025) Earnings Call Highlights: Strategic ...
This article first appeared on GuruFocus. Release Date: November 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OMS Energy Technologies Inc (NASDAQ:OMSE) reported strong cash generation with free cash flow of $26.4 million, up from $23.4 million in the prior year period. The company maintains a debt-free balance sheet, enhancing its financial health and strategic flexibility. OMSE achieved an operating profit of $17.9 million with an operating margin of 21.6%, demonstrating efficiency and effective cost control. The company successfully expanded its global footprint, entering new markets such as Angola and Pakistan, and securing new customers in Indonesia. OMSE's investment in innovation, including additive manufacturing and R&D, is advancing the development of new high-performance components and opening new customer acquisition pathways. Revenue for the first half of fiscal year 2026 was $82.8 million, down from $129.2 million in the first half of fiscal 2025, due to timing delays in call-off orders. The company faces challenges from a potential shift in manufacturing support from Southeast Asia to the Middle East, impacting market share. Production slowdowns in regions like Brunei and Malaysia are affecting major players, including OMSE. The broader industry outlook suggests a potential drop in oil prices next year, which could impact demand and revenue. Revenue recognition timing fluctuations due to multi-year call-off contracts can lead to variability in reported financial results. Warning! GuruFocus has detected 1 Warning Sign with OMSE. Is OMSE fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the impact of the timing of call-off orders on your revenue for the first half of fiscal year 2026? A: How Meng Hock, CEO: The timing of call-off orders from a major long-term contract in Saudi Arabia affected our revenue, which came in at $82.8 million, down from $129.2 million in the first half of fiscal 2025. However, this is not indicative of a change in underlying demand or market share. These are deferred orders, not lost orders, and our long-term supply agreement with Saudi Aramco remains intact. Q: How is OMS positioned to handle fluctuations in the oil and gas market, especially with potential lower demand and prices? A: How Meng Hock, CEO: OMS's strengths…Read full documentShow less
This article first appeared on GuruFocus. Release Date: November 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. OMS Energy Technologies Inc (NASDAQ:OMSE) reported strong cash generation with free cash flow of $26.4 million, up from $23.4 million in the prior year period. The company maintains a debt-free balance sheet, enhancing its financial health and strategic flexibility. OMSE achieved an operating profit of $17.9 million with an operating margin of 21.6%, demonstrating efficiency and effective cost control. The company successfully expanded its global footprint, entering new markets such as Angola and Pakistan, and securing new customers in Indonesia. OMSE's investment in innovation, including additive manufacturing and R&D, is advancing the development of new high-performance components and opening new customer acquisition pathways. Revenue for the first half of fiscal year 2026 was $82.8 million, down from $129.2 million in the first half of fiscal 2025, due to timing delays in call-off orders. The company faces challenges from a potential shift in manufacturing support from Southeast Asia to the Middle East, impacting market share. Production slowdowns in regions like Brunei and Malaysia are affecting major players, including OMSE. The broader industry outlook suggests a potential drop in oil prices next year, which could impact demand and revenue. Revenue recognition timing fluctuations due to multi-year call-off contracts can lead to variability in reported financial results. Warning! GuruFocus has detected 1 Warning Sign with OMSE. Is OMSE fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the impact of the timing of call-off orders on your revenue for the first half of fiscal year 2026? A: How Meng Hock, CEO: The timing of call-off orders from a major long-term contract in Saudi Arabia affected our revenue, which came in at $82.8 million, down from $129.2 million in the first half of fiscal 2025. However, this is not indicative of a change in underlying demand or market share. These are deferred orders, not lost orders, and our long-term supply agreement with Saudi Aramco remains intact. Q: How is OMS positioned to handle fluctuations in the oil and gas market, especially with potential lower demand and prices? A: How Meng Hock, CEO: OMS's strengths lie in cost discipline, low leverage, effective financial stewardship, and efficient operations. These factors will help us maintain margins and stability even in a lower price and potentially lower demand environment. Our financial position, with $128.7 million in cash and zero debt, provides a robust foundation to navigate market fluctuations. Q: What are OMS's strategic priorities following the IPO, and how do you plan to utilize the raised capital? A: How Meng Hock, CEO: Post-IPO, our strategic priorities include pursuing organic growth, global customer diversification, product portfolio expansion, and selective M&A and joint ventures. The $28.9 million raised will support these initiatives, allowing us to invest in capability upgrades, product innovation, and new markets while maintaining capital discipline. Q: Can you discuss OMS's efforts in geographic diversification and expanding its global footprint? A: How Meng Hock, CEO: We have successfully expanded into Angola and Pakistan and acquired new customers in Indonesia, such as PT Salaraya Balia and Portamina Hulu Sagaga. These efforts are part of our strategy to broaden our customer reach and reduce revenue concentration, positioning OMS for more balanced and predictable growth. Q: What are the key areas of innovation and R&D that OMS is focusing on to drive future growth? A: How Meng Hock, CEO: We are investing in additive manufacturing and R&D to develop new high-performance components and improve supply chain efficiency. Our wellhead refurbishment program in Indonesia is expanding, and we are collaborating with Singapore's Agency of Science and Technology and Research on life cycle analysis, energy efficiency monitoring, and digital transformation. We are also seeking global partners in AI and robotics to enhance our product and services portfolio. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2025-11-21OMS Energy Technologies Inc. Reports Strong Cash Generation and Sustained Profitability in First Half of Fiscal Year 2026
GlobeNewswire
OMS Energy Technologies Inc. Reports Strong Cash Generation and Sustained Profitability in First Half of Fiscal Year 2026
Record $128.7 Million Cash Position and Expansion into New International Markets Strengthen OMS’s Long-Term Growth Trajectory SINGAPORE, Nov. 21, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its unaudited financial results for the six months ended September 30, 2025. OMS delivered robust cash generation, healthy profitability, and significant strategic progress across international markets. Revenue performance during the period reflected more normalized call-off1 orders under long-term contracts in the first half of fiscal 2026, compared with the unusually high call-off volumes in the prior-year period, amid healthy underlying demand and contract visibility. New partnerships in Angola and Pakistan and strong performance across Indonesia, Egypt, Oman and the United Arab Emirates (UAE) broadened OMS’s global footprint and further diversified revenue. Meanwhile, the Company maintained a solid portfolio of long-term contracts, highlighted by a renewed three-year agreement with PTTEP that strengthens OMS’s leadership in Thailand. In the Indonesian market, the Company’s marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products. First Half of Fiscal Year 2026 Financial Highlights Total revenues were $82.8 million, with first half fiscal 2026 dynamics reflecting a more normalized call-off cadence relative to the elevated volumes seen with a major client in Saudi Arabia in the prior-year period. Gross margin was 28.2%, remaining at a healthy level due to continued cost and operational discipline, despite the aforementioned unusually higher call-off volumes in the prior-year period. Operating profit was $17.9 million with 21.6% operating margin, underscoring OMS’s efficient and resilient business model, tight financial stewardship and strong supply chain management. Net cash provided by operating activities was $26.4 million, bringing the Company’s cash, cash equivalents and restricted cash to a record $128.7 million as of September 30, 2025. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, c…Read full documentShow less
Record $128.7 Million Cash Position and Expansion into New International Markets Strengthen OMS’s Long-Term Growth Trajectory SINGAPORE, Nov. 21, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its unaudited financial results for the six months ended September 30, 2025. OMS delivered robust cash generation, healthy profitability, and significant strategic progress across international markets. Revenue performance during the period reflected more normalized call-off1 orders under long-term contracts in the first half of fiscal 2026, compared with the unusually high call-off volumes in the prior-year period, amid healthy underlying demand and contract visibility. New partnerships in Angola and Pakistan and strong performance across Indonesia, Egypt, Oman and the United Arab Emirates (UAE) broadened OMS’s global footprint and further diversified revenue. Meanwhile, the Company maintained a solid portfolio of long-term contracts, highlighted by a renewed three-year agreement with PTTEP that strengthens OMS’s leadership in Thailand. In the Indonesian market, the Company’s marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products. First Half of Fiscal Year 2026 Financial Highlights Total revenues were $82.8 million, with first half fiscal 2026 dynamics reflecting a more normalized call-off cadence relative to the elevated volumes seen with a major client in Saudi Arabia in the prior-year period. Gross margin was 28.2%, remaining at a healthy level due to continued cost and operational discipline, despite the aforementioned unusually higher call-off volumes in the prior-year period. Operating profit was $17.9 million with 21.6% operating margin, underscoring OMS’s efficient and resilient business model, tight financial stewardship and strong supply chain management. Net cash provided by operating activities was $26.4 million, bringing the Company’s cash, cash equivalents and restricted cash to a record $128.7 million as of September 30, 2025. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We achieved key strategic milestones in the first half of fiscal year 2026, delivering strong operating cash flow and strengthening our balance sheet to accelerate our next phase of growth and international expansion. We also maintained healthy profit margins and secured new customer wins and contract renewals in Thailand, Pakistan and Africa amid a challenging macro environment, demonstrating our business model’s resilience and strong expansion momentum. Our active order pipeline and sizeable backlog under major long-term contracts reflect solid underlying demand. Across Thailand, Indonesia and Oman, we are seeing deep customer engagement and steady request activity that supports our long-term market position. With a record cash balance, diversified revenue streams and strengthened financial fundamentals, we’re well-positioned to propel expansion, invest in product innovation and seize high-return opportunities that enhance long-term shareholder value.” First Half of Fiscal 2026 Financial Results Total revenues. Total revenues were $82.8 million, compared with $129.2 million for the same period in 2025. The change was primarily attributable to exceptionally high call-off orders under long-term customer contracts in Saudi Arabia in the first half of fiscal 2025, and correspondingly a relatively high year-over-year comparison base. Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes were $51.1 million, compared with $95.7 million for the same period in 2025, primarily attributable to the aforementioned timing of call-off orders from a major customer in Saudi Arabia, partially offset by increased export sales to the United Arab Emirates and Indonesia. Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment were $6.2 million, compared with $5.1 million for the same period in 2025. The increase was primarily attributable to increased order volumes from key customers in Indonesia, Egypt and Oman. Premium threading services. Revenues from the rendering of premium threading services were $18.0 million, compared with $19.3 million for the same period in 2025, mainly attributable to reduced oil and gas production in Malaysia and Singapore, partially offset by higher sales of premium threading services in Indonesia and Thailand. Other ancillary services. Revenues generated from other ancillary services were $7.5 million, compared with $9.1 million for the same period in 2025, mainly attributable to softer demand for engineering services and refurbishment services. Cost of revenues. Cost of revenues was $59.5 million, compared with $86.1 million for the same period in 2025. Gross profit. Gross profit was $23.3 million, compared with $43.1 million for the same period in 2025. Gross margin was 28.2%, compared with 33.3% for the same period in 2025. The changes were primarily attributable to the unusually high call-off volumes under long-term customer contracts in Saudi Arabia in the first half of fiscal 2025. OMS maintained a healthy gross margin despite the change in timing of call-off orders, reflecting continued cost discipline, operational efficiency and customer engagement. Selling, general and administrative expenses. Selling, general and administrative expenses were $5.4 million, compared with $5.0 million for the same period in 2025. The increase was primarily due to additional post-IPO compliance costs and cybersecurity readiness initiatives. Operating profit. Operating profit was $17.9 million, compared with $38.1 million for the same period in 2025. Total other (expense)/income, net. Total other expense, net was $0.07 million, compared with total other income, net of $0.6 million for the same period in 2025. The change was primarily attributable to foreign exchange losses related to the adverse fluctuations of several Asian currencies against the US dollar during the first half fiscal year 2026. Net profit. Net profit was $14.6 million, compared with $30.7 million for the same period in 2025, primarily attributable to a strong base period, driven by exceptionally high call-off volumes from a major Saudi customer in the first half of fiscal 2025. Adjusting for this, underlying demand and contract visibility remain solid. Basic and diluted EPS. Basic and diluted earnings per share were $0.33, compared with $0.80 for the same period in 2025, attributable to the unusually high call-off volumes in the first half of fiscal 2025, and correspondingly the relatively high year-over-year comparison base. OMS’s normalized margin profile and earnings capacity remain healthy. Balance Sheet and Cash Flow As of September 30, 2025, the Company’s cash, cash equivalents and restricted cash totaled $128.7 million, compared with $75.8 million as of March 31, 2025. The sharp increase was primarily attributable to $26.4 million of net cash provided by operating activities for the first half of 2026, as well as net proceeds of $28.9 million raised from the initial public offering, after deducting underwriting discounts and other offering expenses. Net cash provided by operating activities was $26.4 million, compared with $23.4 million in the same period in 2025. OMS continues to prioritize strong capital discipline, maintaining a conservative balance sheet and ample liquidity to support future investments and global expansion. Conference Call The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time/8:00 P.M. Singapore Time on November 21, 2025, to discuss its financial results and operating performance for the first half of fiscal year 2026. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BI52568cc179f54752b56e7d2ebe9884a8 Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will be connected to the conference. A live and archived webcast of the conference call will also be available on the Company’s investor relations website at ir.omsos.com. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: OMS Energy Technologies Inc. Investor Relations Email: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: [email protected] 1 A call-off contract enables a customer to order products and services when needed, using pre-agreed terms that vary from customer to customer.
TranscriptFY2026 Q22025-11-21FY2026 Q2 earnings call transcript
Earnings source - 33 paragraphs
FY2026 Q2 earnings call transcript
Hello, ladies and gentlemen. Thank you for standing by for OMS Energy Technologies Inc's first half of fiscal year 2026 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. Before we begin, the company's financial and operational results were released through GlobeNewswire Services earlier today and have been made available online. You can also view the earnings press release by visiting the OMS IR website at ir.omsos.com. Please note that today's discussions will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements typically contain words such as may, will, expect, target, estimate, intend, believe, potential, continue, or other similar expressions. Forward-looking statements involve inherent risks and uncertainties.
The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, many of which are factors beyond our control. The company, its affiliates, advisors, and representatives do not undertake any obligation to update this forward-looking information except as required under the applicable law. I will now turn the call over to Mr. Haw Meng Hock. Please go ahead.
Thank you, operator, and thanks everyone for joining us today. I am How Meng Hock. I'm the CEO of OMS Energy Technologies. As this is our first earnings call as a public company following our May IPO, I want to thank our new shareholders and partners for their support and confidence in OMS. Before we dive into our first half fiscal year 2026 results, I'd like to give a quick overview of our company and broader growth strategies. OMS is a Singapore-headquartered equipment manufacturer and engineered solution supplier of surface water systems and oil country tubular goods, serving the upstream, onshore, and offshore oil and gas market across Asia Pacific, the Middle East, and Africa. Prior to 2023, OMS was a specialist oil and gas subsidiary of Japanese conglomerate Sumitomo Corporation.
The current management bought the company in 2023, believing we could drive more growth and more effectively as an independent entity, which we have subsequently accomplished. Our products include specialty connectors and pipes, surface water systems, and premium cleaning services, along with supporting inspection and maintenance solutions. Specialty connectors and pipes are currently our largest revenue segment, while our services and welding equipment provide diversification. We operate 11 fully certified manufacturing facilities across six key markets throughout Southeast Asia and the Middle East, combining precision engineering with regional proximity to deliver reliable solutions to a steady and established customer base anchored by long-term contracts. Our NASDAQ listing in May marked a key milestone for OMS, bringing greater global exposure and financial flexibility that enabled us to accelerate growth. We raised $28.9 million in our IPO, supported by disciplined capital management, strong cash generation capabilities, and a debt-free balance sheet.
Going public has equipped us to pursue organic growth and global customer diversification, product portfolio expansion, and selective M&A and joint ventures. This balanced development strategy is designed to drive sustainable long-term growth while delivering shareholder value. Now, on our first half of fiscal year 2026 results, we delivered a resilient and strategically significant performance amid a challenging macro and industry environment, highlighted by strong cash generation, healthy profitability, and solid progress across international markets. Through prudent capital management and outstanding collection practices, we drove free cash flow of $26.4 million, up from $23.4 million in the prior year period. We continue to efficiently convert profits into cash, demonstrating our strong fundamentals and financial discipline. Along with our IPO proceeds, this impressive cash generation strengthened our balance sheet to a record high of $128.7 million as of September 30th, 2025.
Importantly, we also remained debt-free, a key contributor to our financial health and strategic flexibility. While this period's revenue reflects delays in the timing of call-up orders, our underlying performance was strong, driving continued profitability with an operating profit of $17.9 million and an operating margin of 21.6%. These remarkable results underscore our business's efficiency, marked by pricing discipline, effective cost control, and a healthy revenue mix. Our gross profit margin was 28.2%, remaining solid thanks to operational excellence and strong supply chain management. Net profit was $14.6 million. This combination of profitability, cash strength, and zero leverage makes OMS unique among NASDAQ-listed small caps in terms of stability and long-term opportunity. This positions us to accelerate investment in capability upgrades, product innovation, and new markets while maintaining capital discipline.
Our revenue for the first half of fiscal year 2026 came in at $82.8 million, softer compared to $129.2 million in the first half of fiscal 2025, but up from $74.4 million in the previous half-year period. This was due to the timing of call-up orders from a major long-term contract in Saudi Arabia, not a change in underlying demand or market share. While long-term contracts provide stability and visibility across the contract lifecycle, we do not control the pace of the call-up orders, resulting in fluctuation in revenue recognition timing. Our long-term supply agreement with Saudi Aramco remains intact. Our relationship remains strong, with a sizable and active order backlog. There was no cancellation or contract losses. These are deferred orders, not loss orders. A high base also contributed to the soft year-over-year comparison.
We realized an unusually high level of revenue from Aramco in the first half of fiscal 2025 due to an overlap of the end of our previous contract and with their new 10-year agreement signed in early 2024. This period's strong order growth across various product and services segments in Singapore, Thailand, Egypt, Oman, Indonesia, and the U.A.E. helped offset Saudi's timing effects to some degree. I want to highlight that the majority of our revenue comes from multi-year call-up contracts, making fluctuation in revenue recognition timing a standard factor in our accounting. Our customers' order pace can be influenced by inspection, CapEx cycle, operational planning, and project timing, as well as seasonal factors such as weather, maintenance window, and holidays. These variables are normal in the industry and do not indicate any reduction in the long-term opportunity.
We view periodic fluctuation in long-term contract orders as deferred order volume and not loss volume. I encourage you to refer to our earnings release earlier today for further details on our financial results. We also propelled progress across our strategic development initiatives during the period, centered on long-term growth and diversification, operational excellence, and higher quality earnings. We broadened our customer reach and deepened existing relationships, advancing our geographic diversification strategy across Africa, South Asia, and Asia Pacific. Our successful expansion into Angola and Pakistan and new Indonesian customers, including PT Seleraya Belida and Pertamina Hulu Sanga Sanga, expanded our global footprint and diversified revenue. Meanwhile, we maintain a robust and growing portfolio of long-term contracts, highlighted by a renewed three-year agreement with PTTEP, who today operate 13 offshore rigs, the highest number in their operational history, which reinforces our leadership in Thailand.
These developments strengthen our global presence and reduce revenue concentration over time, positioning OMS for more balanced and predictable growth. Preparing to accelerate growth has been a top priority since our IPO. Given our industry's inherent volatility, a resilient balance sheet and prudent debt management are essential for maintaining stability and flexibility as we expand. With this period's strong cash generation, a healthy debt-free balance sheet, and a solid order pipeline in place, we are well positioned to start deploying capital to drive long-term growth. We are currently evaluating strategic opportunities that will expand our manufacturing capability and international footprint. We also continue to strengthen our engineering teams in Singapore and Indonesia, with plans to expand to other operating jurisdictions.
Furthermore, we're in the final stages of the contract tendering process in Oman and Indonesia, where our track record, certifications, local operations, and reputation for quality, reliability, and timeliness give us an edge. The outcome of this tender will be announced once the review and clarification process is complete. On the innovation front, our investment in additive manufacturing and R&D is advancing our development of new high-performance components, promoting supply chain improvement and opening new customer acquisition pathways. Our welding refurbishment program in Indonesia is meeting increasing demand for suitable solutions, deepening our customer engagement, and reinforcing our aftermarket value proposition. We plan to expand this program to other regions as global interests in innovative, cost-effective sustainability grows.
We are also making strides in lifecycle analysis, energy efficiency monitoring, and digital transformation through our ongoing R&D collaboration with Singapore's Agency for Science, Technology and Research and the Singapore Institute of Manufacturing Technology. Other than the Singapore Institute of Manufacturing Technology, we're also seeking global partners in AI and robotics across the broader oil and gas services sector. We aim to identify partners whose technologies complement and enhance our product and services portfolio, including areas such as pipeline inspection and monitoring, among others. This is also one of the forward-looking initiatives across manufacturing and sustainability and AI to broaden our revenue base and accelerate growth by capturing demand beyond our traditional upstream oil and gas products and services.
In terms of the broader industry outlook, the U.S. Energy Information Administration recently increased its Brent price forecast for 2025 and 2026, but still projected that oil prices will drop next year compared to 2025. In a lower price and potentially lower demand environment, OMS key strengths—cost discipline, low leverage, effective financial stewardship, and efficient operation—will serve as a crucial differentiator in maintaining margins and stability. Saudi Aramco recently raised its gas production capacity growth from 60% to around 80% over 2021's level by 2030, signaling strong confidence in long-term demand for gas. A push by the Middle East producer to shift manufacturing support from Southeast Asia to the Middle East is creating both challenges and potential for us to capture market share. Meanwhile, production slowdowns in Brunei and Malaysia are impacting major players in the region, and evolving strategic alliances are altering the global competitive landscape.
With our technical depth, operational and service agility, and financial flexibility, we are well positioned to navigate these changes and seize new opportunities worldwide. To sum up, OMS today is stronger, more stable, and more globally diversified than at any time in our company's history. With $128.7 million in cash and restricted cash, with zero debt and operational cash flow exceeding net profit of $26.4 million, our financial position is exceptionally robust. An operating margin of 21.6% and consistent profitability across market cycles underscore our ability to navigate fluctuations. This strong foundation gives OMS a clear competitive advantage. We can invest in growth, enhance our operational capabilities, and pursue selective opportunities that create long-term shareholder value, all without the need to raise capital. We are confident in the depth of our pipeline, the resilience of our business model, and the effectiveness of our capital management strategy.
We are entering the second half of fiscal 2026 with a robust momentum and a clear plan for continued innovation and expansion. Moving forward, we will continue executing with discipline, strengthening customer relationships, and building a more diversified international footprint. We will remain focused on maintaining profitability, preserving balance sheet strength, and prudently deploying capital towards long-term, high-return opportunities that support sustainable growth and build value for our stakeholders. This concludes our prepared remarks. Thank you once again for joining us today. If you have further questions, please feel free to contact OMS or Piacente Financial Communications.
This concludes this conference call. You may now disconnect your line. Thank you. Hello, ladies and gentlemen. Thank you for standing by for OMS Energy Technologies Inc's first half of fiscal year 2026 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded.
Before we begin, the company's financial and operational results were released through GlobeNewswire Services earlier today and have been made available online. You can also view the earnings press release by visiting the OMS IR website at ir.omsos.com. Please note that today's discussions will contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements typically contain words such as may, will, expect, target, estimate, intend, believe, potential, continue, or other similar expressions. Forward-looking statements involve inherent risks and uncertainties. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, many of which are factors beyond our control.
The company, its affiliates, advisors, and representatives do not undertake any obligation to update this forward-looking information except as required under the applicable law. I will now turn the call over to Mr. How Meng Hock. Please go ahead.
Thank you, operator, and thanks everyone for joining us today. I am How Meng Hock. I'm the CEO of OMS Energy Technologies. As this is our first earnings call as a public company following our May IPO, I want to thank our new shareholders and partners for their support and confidence in OMS. Before we dive into our first half fiscal year 2026 results, I'd like to give a quick overview of our company and broader growth strategies.
OMS is a Singapore-headquartered equipment manufacturer and engineered solution supplier of surface wellhead systems and oil country tubular goods, serving the upstream, onshore, and offshore oil and gas market across Asia Pacific, the Middle East, and Africa. Prior to 2023, OMS was a specialist oil and gas subsidiary of Japanese conglomerate Sumitomo Corporation. The current management bought the company in 2023, believing we could drive more growth and more effectively as an independent entity, which we have subsequently accomplished. Our products include specialty connectors and pipes, surface wellhead systems, and premium threading services, along with supporting inspection and maintenance solutions. Specialty connectors and pipes are currently our largest revenue segment, while our services and wellhead equipment provide diversification.
We operate 11 fully certified manufacturing facilities across six key markets throughout Southeast Asia and the Middle East, combining precision engineering with regional proximity to deliver reliable solutions to a steady and established customer base anchored by long-term contracts. Our NASDAQ listing in May marked a key milestone for OMS, bringing greater global exposure and financial flexibility that enabled us to accelerate growth. We raised $28.9 million in our IPO, supported by disciplined capital management, strong cash generation capabilities, and a debt-free balance sheet. Going public has equipped us to pursue organic growth and global customer diversification, product portfolio expansion, and selective M&A and joint ventures. This balanced development strategy is designed to drive sustainable long-term growth while delivering shareholder value.
Now, on our first half of fiscal year 2026 results, we delivered a resilient and strategically significant performance amid a challenging macro and industry environment, highlighted by strong cash generation, healthy profitability, and solid progress across international markets. Through prudent capital management and outstanding collection practices, we drove free cash flow of $26.4 million, up from $23.4 million in the prior year period. We continue to efficiently convert profits into cash, demonstrating our strong fundamentals and financial discipline. Along with our IPO proceeds, this impressive cash generation strengthened our balance sheet to a record high of $128.7 million as of September 30th, 2025. Importantly, we also remain debt-free, a key contributor to our financial health and strategic flexibility.
While this period's revenue reflects delays in the timing of call-up orders, our underlying performance was strong, driving continued profitability with an operating profit of $17.9 million and an operating margin of 21.6%. These remarkable results underscore our business's efficiency, marked by pricing discipline, effective cost control, and a healthy revenue mix. Our gross profit margin was 28.2%, remaining solid thanks to operational excellence and strong supply chain management. Net profit was $14.6 million. This combination of profitability, cash strength, and zero leverage makes OMS unique among NASDAQ-listed small caps in terms of stability and long-term opportunity. This positions us to accelerate investment in capability upgrades, product innovation, and new markets while maintaining capital discipline.
Our revenue for the first half of fiscal year 2026 came in at $82.8 million, softer compared to $129.2 million in the first half of fiscal 2025, but up from $74.4 million in the previous half-year period. This was due to the timing of call-up orders from a major long-term contract in Saudi Arabia, not a change in underlying demand or market share. While long-term contracts provide stability and visibility across the contract lifecycle, we do not control the pace of the call-up orders, resulting in fluctuation in revenue recognition timing. Our long-term supply agreement with Saudi Aramco remains intact. Our relationship remains strong, with a sizable and active order backlog. There was no cancellation or contract losses. These are deferred orders, not loss orders. A high base also contributed to the soft year-over-year comparison.
We realized an unusually high level of revenue from Aramco in the first half of fiscal 2025 due to an overlap of the end of our previous contract and with their new 10-year agreement signed in early 2024. This period's strong order growth across various product and services segments in Singapore, Thailand, Egypt, Oman, Indonesia, and the U.A.E. helped offset Saudi's timing effects to some degree. I want to highlight that the majority of our revenue comes from multi-year call-up contracts, making fluctuation in revenue recognition timing a standard factor in our accounting. Our customers' order pace can be influenced by inspection, CapEx cycle, operational planning, and project timing, as well as seasonal factors such as weather, maintenance window, and holidays. These variables are normal in the industry and do not indicate any reduction in the long-term opportunity.
We view periodic fluctuation in long-term contract orders as deferred order volume and not loss volume. I encourage you to refer to our earnings result release earlier today for further details on our financial results. We also propelled progress across our strategic development initiatives during the period, centered on long-term growth and diversification, operational excellence, and higher quality earnings. We broadened our customer reach and deepened existing relationships, advancing our geographic diversification strategy across Africa, South Asia, and Asia Pacific. Our successful expansion into Angola and Pakistan and new Indonesian customers, including PT Seleraya Belida and Pertamina Hulu Sanga Sanga, expanded our global footprint and diversified revenue. Meanwhile, we maintain a robust and growing portfolio of long-term contracts, highlighted by a renewed three-year agreement with PTTEP, who today operate 13 offshore rigs, the highest number in their operational history, which reinforces our leadership in Thailand.
These developments strengthen our global presence and reduce revenue concentration over time, positioning OMS for more balanced and predictable growth. Preparing to accelerate growth has been a top priority since our IPO. Given our industry's inherent volatility, a resilient balance sheet and prudent debt management are essential for maintaining stability and flexibility as we expand. With this period's strong cash generation, a healthy debt-free balance sheet, and a solid order pipeline in place, we are well positioned to start deploying capital to drive long-term growth. We are currently evaluating strategic opportunities that will expand our manufacturing capability and international footprint. We also continue to strengthen our engineering teams in Singapore and Indonesia, with plans to expand to other operating jurisdictions.
Furthermore, we're in the final stages of the contract tendering process in Oman and Indonesia, where our track record, certifications, local operations, and reputation for quality, reliability, and timeliness give us an edge. The outcome of this tender will be announced once the review and clarification process is complete. On the innovation front, our investment in additive manufacturing and R&D are advancing our development of new high-performance components, promoting supply chain improvement and opening new customer acquisition pathways. Our wellhead refurbishment program in Indonesia is meeting increasing demand for suitable solutions, deepening our customer engagement, and reinforcing our aftermarket value proposition. We plan to expand this program to other regions as global interests in innovative, cost-effective sustainability grows.
We are also making strides in lifecycle analysis, energy efficiency monitoring, and digital transformation through our ongoing R&D collaboration with Singapore's Agency for Science, Technology and Research and the Singapore Institute of Manufacturing Technology. Other than the Singapore Institute of Manufacturing Technology, we're also seeking global partners in AI and robotics across the broader oil and gas services sector. We aim to identify partners whose technologies complement and enhance our product and services portfolio, including areas such as pipeline inspection and monitoring, among others. This is also one of the forward-looking initiatives across manufacturing and sustainability and AI to broaden our revenue base and accelerate growth by capturing demand beyond our traditional upstream oil and gas products and services.
In terms of the broader industry outlook, the U.S. Energy Information Administration recently increased its Brent Price forecast for 2025 and 2026, but still projected that oil price would drop next year compared to 2025. In a lower price and potentially lower demand environment, OMS key strengths—cost discipline, low leverage, effective financial stewardship, and efficient operation—will serve as a crucial differentiator in maintaining margins and stability. Saudi Aramco recently raised its gas production capacity growth from 60% to around 80% over 2021's level by 2030, signaling strong confidence in long-term demand for gas. A push by Middle East producers to shift manufacturing support from Southeast Asia to the Middle East is creating both challenges and potential for us to capture market share. Meanwhile, production slowdowns in Brunei and Malaysia are impacting major players in the region, and evolving strategic alliances are altering the global competitive landscape.
With our technical depth, operational and service agility, and financial flexibility, we are well positioned to navigate these changes and seize new opportunities worldwide. To sum up, OMS today is stronger, more stable, and more globally diversified than at any time in our company's history. With $128.7 million in cash and restricted cash, with zero debt and operational cash flow exceeding net profit of $26.4 million, our financial position is exceptionally robust. An operating margin of 21.6% and consistent profitability across market cycles underscore our ability to navigate fluctuations. This strong foundation gives OMS a clear competitive advantage. We can invest in growth, enhance our operational capabilities, and pursue selective opportunities that create long-term shareholder value, all without the need to raise capital. We are confident in the depth of our pipeline, the resilience of our business model, and the effectiveness of our capital management strategy.
We are entering the second half of fiscal 2026 with a robust momentum and a clear plan for continued innovation and expansion. Moving forward, we will continue executing with discipline, strengthening customer relationships, and building a more diversified international footprint. We will remain focused on maintaining profitability, preserving balance sheet strength, and prudently deploying capital towards long-term, high-return opportunities that support sustainable growth and build value for our stakeholders. This concludes our prepared remarks. Thank you once again for joining us today. If you have further questions, please feel free to contact OMS or Piacente Financial Communications.
This concludes this conference call. You may now disconnect your line. Thank you.
Investor releaseQuarter not tagged2025-11-14OMS Energy Technologies Inc. to Announce First Half Fiscal Year 2026 Financial Results on Friday, November 21, 2025
GlobeNewswire
OMS Energy Technologies Inc. to Announce First Half Fiscal Year 2026 Financial Results on Friday, November 21, 2025
Earnings Call Scheduled for 7:00 A.M. U.S. ET on November 21, 2025 SINGAPORE, Nov. 14, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems and oil country tubular goods for the oil and gas industry, today announced that it will report its unaudited financial results for the fiscal first half ended September 30, 2025, on Friday, November 21, 2025, before the U.S. market opens. The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on November 21, 2025, or 8:00 P.M. Singapore Time to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BI52568cc179f54752b56e7d2ebe9884a8 Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference. Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at ir.omsos.com, and a replay of the webcast will be available following the session. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. For investor and media inquiries, please contact: OMS Energy Technologies Inc. Investor Relations Email: [email protected] Piacente Financial Communication…Read full documentShow less
Earnings Call Scheduled for 7:00 A.M. U.S. ET on November 21, 2025 SINGAPORE, Nov. 14, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems and oil country tubular goods for the oil and gas industry, today announced that it will report its unaudited financial results for the fiscal first half ended September 30, 2025, on Friday, November 21, 2025, before the U.S. market opens. The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on November 21, 2025, or 8:00 P.M. Singapore Time to discuss the financial results. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Participant Online Registration: https://register-conf.media-server.com/register/BI52568cc179f54752b56e7d2ebe9884a8 Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference. Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at ir.omsos.com, and a replay of the webcast will be available following the session. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. For investor and media inquiries, please contact: OMS Energy Technologies Inc. Investor Relations Email: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: [email protected]
Investor releaseQuarter not tagged2025-07-28OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
GlobeNewswire
OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
SINGAPORE, July 28, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year 2025 Financial Highlights Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team’s disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in May, further broadening and diversifying our revenue base. With our focus on long-term growth, we’re entering fiscal 2026 with strong momentum and a clear strategy for continued innovation and expansion.” Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2025 financial performance reflects both top-line strength and meaningful margin improvement. Total revenues grew to $203.6 million, with gross margin reaching 33.9%. Operating profit increased to $59.9 million, highlighting our enhanced cost discipline and the benefits of growing economies of scale. Our net profit for the year was $47.0 million. When excluding a one-time $49.4 million bargain purchase gain recognized in fiscal 2024 related to the Management Buyout, our underlying profitability in 2025 demonstrates strong growth momentum. Supported by these solid fundamentals, a healthy balance sheet and loyal customer base, we remain confident of driving…Read full documentShow less
SINGAPORE, July 28, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year 2025 Financial Highlights Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team’s disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in May, further broadening and diversifying our revenue base. With our focus on long-term growth, we’re entering fiscal 2026 with strong momentum and a clear strategy for continued innovation and expansion.” Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2025 financial performance reflects both top-line strength and meaningful margin improvement. Total revenues grew to $203.6 million, with gross margin reaching 33.9%. Operating profit increased to $59.9 million, highlighting our enhanced cost discipline and the benefits of growing economies of scale. Our net profit for the year was $47.0 million. When excluding a one-time $49.4 million bargain purchase gain recognized in fiscal 2024 related to the Management Buyout, our underlying profitability in 2025 demonstrates strong growth momentum. Supported by these solid fundamentals, a healthy balance sheet and loyal customer base, we remain confident of driving sustainable growth and building long-term shareholder value.” Fiscal Year 2025 Financial Results Total revenues. Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes in 2025 were $143.1 million, compared with $5.1 million for the period from April 1, 2023, through June 15, 2023, and $113.5 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to a significant increase in demand from one of the Company’s major customers who had higher levels of business activities related to oil and gas production. Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment in 2025 were $8.7 million, compared with $3.0 million for the period from April 1, 2023, through June 15, 2023, and $6.8 million for the period from June 16, 2023, through March 31, 2024. This decrease was primarily due to delayed demand from one of the Company’s major customers in Indonesia, who is rationalizing their requirements as they plan for increased production to meet Indonesia’s energy security plan, as well as a delayed shipment to the Middle East which will materialize in the fiscal year 2026. Premium threading services. Revenues from rendering of premium threading services in 2025 were $36.8 million, compared with $7.6 million for the period from April 1, 2023, through June 15, 2023, and $31.1 million for the period from June 16, 2023, through March 31, 2024. This slight decrease was primarily attributable to a relatively stable level of rig activities across oil and gas customers in the countries that drive demand for the Company’s premium threading services. Other ancillary services. Revenues generated from other ancillary services in 2025 were $15.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $11.9 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to greater customer demand for engineering testing, inspection and maintenance services. Cost of revenues. Cost of revenues in 2025 was $134.6 million, compared with $13.2 million for the period from April 1, 2023, through June 15, 2023, and $114.5 million for the period from June 16, 2023, through March 31, 2024. Gross profit. Gross profit in 2025 was $69.0 million, compared with $5.0 million for the period from April 1, 2023, through June 15, 2023, and $48.7 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. The increase was mainly due to the growth in total revenues, as well as the benefits from economies of scale stemming from higher sales volume, sourcing productivity and an increase in the proportion of higher-margin services performed. Selling, general and administrative expenses. Selling, general and administrative expenses in 2025 were $9.1 million, compared with $1.8 million for the period from April 1, 2023, through June 15, 2023, and $8.6 million for the period from June 16, 2023, through March 31, 2024. The decrease was mainly due to a decrease in legal and professional fees, staff expenses and depreciation. Operating profit. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Total other income/(expense), net. Total other income, net in 2025 was $0.2 million, compared with total other expense, net of $0.08 million for the period from April 1, 2023, through June 15, 2023, and total other income, net of $50.2 million for the period from June 16, 2023, through March 31, 2024. The change was primarily due to a non-recurring bargain purchase gain of $49.4 million related to the management buyout in the period from June 16, 2023, through March 31, 2024. Net profit. Net profit in 2025 was $47.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $82.1 million for the period from June 16, 2023, through March 31, 2024. Basic and diluted EPS. Basic and diluted earnings per share were both $1.18 in 2025, compared with $2.19 for the period June 16, 2023, through March 31, 2024. Balance Sheet and Cash Flow As of March 31, 2025, the Company’s cash and cash equivalents and restricted cash totaled $75.8 million, compared with $45.4 million as of March 31, 2024. Net cash provided by operating activities was $40.5 million, compared with net cash used of $2.9 million for the period from April 1, 2023, through June 15, 2023, and net cash provided of $24.0 million for the period from June 16, 2023, through March 31, 2024. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: OMS Energy Technologies Inc. Investor Relations Email: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: [email protected] Hui Fan Tel: +86-10-6508-0677 Email: [email protected]
Investor releaseQuarter not tagged2025-07-24OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
GlobeNewswire
OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results
SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year 2025 Financial Highlights Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team’s disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in May, further broadening and diversifying our revenue base. With our focus on long-term growth, we’re entering fiscal 2026 with strong momentum and a clear strategy for continued innovation and expansion.” Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2025 financial performance reflects both top-line strength and meaningful margin improvement. Total revenues grew to $203.6 million, with gross margin reaching 33.9%. Operating profit increased to $59.9 million, highlighting our enhanced cost discipline and the benefits of growing economies of scale. Our net profit for the year was $47.0 million. When excluding a one-time $49.4 million bargain purchase gain recognized in fiscal 2024 related to the Management Buyout, our underlying profitability in 2025 demonstrates strong growth momentum. Supported by these solid fundamentals, a healthy balance sheet and loyal customer base, we remain confident of driving…Read full documentShow less
SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year 2025 Financial Highlights Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team’s disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in May, further broadening and diversifying our revenue base. With our focus on long-term growth, we’re entering fiscal 2026 with strong momentum and a clear strategy for continued innovation and expansion.” Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2025 financial performance reflects both top-line strength and meaningful margin improvement. Total revenues grew to $203.6 million, with gross margin reaching 33.9%. Operating profit increased to $59.9 million, highlighting our enhanced cost discipline and the benefits of growing economies of scale. Our net profit for the year was $47.0 million. When excluding a one-time $49.4 million bargain purchase gain recognized in fiscal 2024 related to the Management Buyout, our underlying profitability in 2025 demonstrates strong growth momentum. Supported by these solid fundamentals, a healthy balance sheet and loyal customer base, we remain confident of driving sustainable growth and building long-term shareholder value.” Fiscal Year 2025 Financial Results Total revenues. Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024. Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes in 2025 were $143.1 million, compared with $5.1 million for the period from April 1, 2023, through June 15, 2023, and $113.5 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to a significant increase in demand from one of the Company’s major customers who had higher levels of business activities related to oil and gas production. Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment in 2025 were $8.7 million, compared with $3.0 million for the period from April 1, 2023, through June 15, 2023, and $6.8 million for the period from June 16, 2023, through March 31, 2024. This decrease was primarily due to delayed demand from one of the Company’s major customers in Indonesia, who is rationalizing their requirements as they plan for increased production to meet Indonesia’s energy security plan, as well as a delayed shipment to the Middle East which will materialize in the fiscal year 2026. Premium threading services. Revenues from rendering of premium threading services in 2025 were $36.8 million, compared with $7.6 million for the period from April 1, 2023, through June 15, 2023, and $31.1 million for the period from June 16, 2023, through March 31, 2024. This slight decrease was primarily attributable to a relatively stable level of rig activities across oil and gas customers in the countries that drive demand for the Company’s premium threading services. Other ancillary services. Revenues generated from other ancillary services in 2025 were $15.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $11.9 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to greater customer demand for engineering testing, inspection and maintenance services. Cost of revenues. Cost of revenues in 2025 was $134.6 million, compared with $13.2 million for the period from April 1, 2023, through June 15, 2023, and $114.5 million for the period from June 16, 2023, through March 31, 2024. Gross profit. Gross profit in 2025 was $69.0 million, compared with $5.0 million for the period from April 1, 2023, through June 15, 2023, and $48.7 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. The increase was mainly due to the growth in total revenues, as well as the benefits from economies of scale stemming from higher sales volume, sourcing productivity and an increase in the proportion of higher-margin services performed. Selling, general and administrative expenses. Selling, general and administrative expenses in 2025 were $9.1 million, compared with $1.8 million for the period from April 1, 2023, through June 15, 2023, and $8.6 million for the period from June 16, 2023, through March 31, 2024. The decrease was mainly due to a decrease in legal and professional fees, staff expenses and depreciation. Operating profit. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024. Total other income/(expense), net. Total other income, net in 2025 was $0.2 million, compared with total other expense, net of $0.08 million for the period from April 1, 2023, through June 15, 2023, and total other income, net of $50.2 million for the period from June 16, 2023, through March 31, 2024. The change was primarily due to a non-recurring bargain purchase gain of $49.4 million related to the management buyout in the period from June 16, 2023, through March 31, 2024. Net profit. Net profit in 2025 was $47.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $82.1 million for the period from June 16, 2023, through March 31, 2024. Basic and diluted EPS. Basic and diluted earnings per share were both $1.18 in 2025, compared with $2.19 for the period June 16, 2023, through March 31, 2024. Balance Sheet and Cash Flow As of March 31, 2025, the Company’s cash and cash equivalents and restricted cash totaled $75.8 million, compared with $45.4 million as of March 31, 2024. Net cash provided by operating activities was $40.5 million, compared with net cash used of $2.9 million for the period from April 1, 2023, through June 15, 2023, and net cash provided of $24.0 million for the period from June 16, 2023, through March 31, 2024. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit ir.omsos.com. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: OMS Energy Technologies Inc. Investor Relations Email: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 Email: [email protected] Hui Fan Tel: +86-10-6508-0677 Email: [email protected]

