OMS Energy Technologies (NASDAQ: OMSE) reported fiscal 2026 revenue of $155.9 million, down from $203.6 million, with gross margin of 30.3% and net profit of $33.9 million.
The company generated record operating cash flow of $54.1 million, ended the year debt-free with $154.3 million in cash and restricted cash, and reported adjusted EBITDA of $41.2 million. Backlog was $60.7 million. OMS highlighted geographic expansion, new Saudi Aramco orders and additional API certifications.
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AI-generated analysis. Not financial advice.
Positive
- Record operating cash flow of $54.1 million, up from $40.5 million
- Adjusted free cash flow of $52.5 million, up $14.9 million year-over-year
- Ended March 31, 2026 debt-free with $154.3 million cash and restricted cash
- Maintained profitability with $33.9 million net profit and EPS of $0.77
- Specialty connectors and pipes revenue ex-Saudi up 130% to $4.6 million
- Surface wellhead and Christmas tree revenue rose to $10.9 million from $8.7 million
- Received $11 million Saudi Aramco Call-off Order under 10-year agreement
- Multiple new API certifications in Saudi Arabia and Indonesia broaden service offerings
Negative
- Total revenue declined to $155.9 million from $203.6 million year-over-year
- Gross margin decreased to 30.3% from 33.9%
- Operating profit fell to $34.9 million from $59.9 million
- Net profit declined to $33.9 million from $47.0 million; EPS to $0.77 from $1.18
- Backlog decreased to $60.7 million from $102.0 million
- Selling, general and administrative expenses increased to $12.4 million from $9.1 million
Total revenues
$155.9 million
Fiscal year 2026 vs $203.6 million in fiscal year 2025
Gross margin
30.3%
Fiscal year 2026 vs 33.9% in fiscal year 2025
Operating profit
$34.9 million
Fiscal year 2026 vs $59.9 million in fiscal year 2025
Net profit
$33.9 million
Fiscal year 2026 vs $47.0 million in fiscal year 2025
Operating cash flow
$54.1 million
Fiscal year 2026 vs $40.5 million in fiscal year 2025
Adjusted free cash flow
$52.5 million
Fiscal year 2026 vs $37.6 million in fiscal year 2025
Cash & restricted cash
$154.3 million
Balance as of March 31, 2026 vs $75.8 million a year earlier
Backlog
$60.7 million
As of March 31, 2026 vs $102.0 million as of March 31, 2025
OMSE traded down with elevated volume (relative volume ~3.1) while only one momentum peer screened lower and sector peers showed mixed moves, pointing to a more stock-specific reaction than a broad Energy equipment move.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jul 24 |
Annual earnings results |
Positive |
+8.6% |
First post-IPO annual results with strong revenue, margins and cash build. |
The only prior earnings release as a public company saw a clearly positive price reaction to strong results.
+8.6%
Average Historical Move
earnings
In the past year, OMSE had one earnings release, which moved the stock by an average of 8.62%. This fiscal 2026 update becomes the second annual benchmark for tracking revenue, margin and cash-flow trends.
Earnings history now spans fiscal 2025 and 2026, showing a shift from higher revenue and margin levels to lower sales but record operating cash generation and a much stronger cash balance.
0.08% of float
0%
15%
30%+
low
as of 2026-05-29
Days to cover: 1.14
Reported short interest is low, suggesting limited short-squeeze potential and generally lower volatility risk from forced covering activity.
This announcement highlights lower revenue of $155.9M and backlog of $60.7M but record operating cash flow of $54.1M and a $154.3M cash balance. Investors may watch Saudi Aramco call-off timing, customer concentration and margin resilience.
adjusted ebitda
financial
“Adjusted EBITDA was $41.2 million for fiscal year 2026, compared with $64.1 million”
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
call-off order
technical
“OMS Saudi received a US$11 million “Call-off Order” for specialty connectors and pipes”
A call-off order is a request for goods or services placed against an existing purchasing agreement or framework without reopening negotiations on price or terms. Like placing specific items from a standing grocery list, it lets a buyer draw down agreed supplies over time; for investors, frequent or large call-offs signal steady demand and near-term revenue visibility, while cancellations or delays can indicate weakening sales or supply risk.
backlog
financial
“As of March 31, 2026, the Company’s backlog was $60.7 million, compared with $102.0 million”
A backlog is the amount of work or orders that a company has received but hasn’t completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.
emerging growth company
regulatory
“It is a controlled company, as its chairman and CEO holds 61.78%… and it qualifies as an emerging growth company”
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
foreign private issuer
regulatory
“it qualifies as an emerging growth company and a foreign private issuer, allowing reduced U.S. reporting”
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
AI-generated analysis. Not financial advice.
Generated Record Operating Cash Flow of
Debt-Free
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 with33.9% 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
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
Fiscal Year 2026 Financial Results
Revenues
Total revenues for fiscal year 2026 were
- 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, an130% 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
Cost of revenues
Cost of revenues was
Gross profit
Gross profit was
Selling, general and administrative expenses
Selling, 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
Operating profit
Operating profit was
Total other income, net
Total other income, net was
Income Tax Expense
Income tax expense was
Net profit
Net profit was
Basic and diluted EPS
Basic and diluted earnings per share were both
Adjusted EBITDA
Adjusted EBITDA was
Balance sheet and cash flow
As of March 31, 2026, the Company’s cash and cash equivalents and restricted cash totaled
Adjusted free cash flow was
Annual Report on Form 20-F
The 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 Call
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.
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.
| Summary of Financial Results |
||||||||
| Consolidated Statements of Financial Positions |
||||||||
| For the year ended March 31, 2026 |
For the year ended March 31, 2025 |
|||||||
| US$’000 | US$’000 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 151,985 | 72,950 | ||||||
| Restricted cash, current | 1,977 | 1,692 | ||||||
| Trade receivables, net | 18,955 | 13,467 | ||||||
| Contract assets | 1,732 | 983 | ||||||
| Inventories, net | 17,155 | 32,546 | ||||||
| Prepayment and other current assets | 4,441 | 1,646 | ||||||
| Amount due from a related party | 1,984 | 1,584 | ||||||
| Total Current Assets | 198,229 | 124,868 | ||||||
| Non-current assets: | ||||||||
| Restricted cash, non-current | 340 | 1,189 | ||||||
| Right-of-use assets, net | 7,111 | 8,086 | ||||||
| Property, plant and equipment, net | 28,535 | 32,055 | ||||||
| Intangible assets, net | 494 | 42 | ||||||
| Deferred tax assets | 2,125 | 2,938 | ||||||
| Prepayment and other non-current assets | 306 | 1,327 | ||||||
| Total Non-Current Assets | 38,911 | 45,637 | ||||||
| Total Assets | 237,140 | 170,505 | ||||||
| Liabilities | ||||||||
| Current Liabilities: | ||||||||
| Trade payables and other liabilities | 27,355 | 15,070 | ||||||
| Tax payable | 1,058 | 8,200 | ||||||
| Lease liabilities, current | 1,374 | 1,187 | ||||||
| Total Current Liabilities | 29,787 | 24,457 | ||||||
| Non-current Liabilities: | ||||||||
| Employee benefits obligation | 1,326 | 827 | ||||||
| Lease liabilities, non-current | 5,067 | 6,096 | ||||||
| Deferred tax liabilities | 3,496 | 4,217 | ||||||
| Provisions | 73 | 321 | ||||||
| Total Non-Current Liabilities | 9,962 | 11,461 | ||||||
| Total Liabilities | 39,749 | 35,918 | ||||||
| Equity | ||||||||
| Share capital | 4 | 4 | ||||||
| Share premium | 100,999 | 72,648 | ||||||
| Retained earnings | 90,842 | 58,634 | ||||||
| Accumulated other comprehensive loss | (2,202 | ) | (2,397 | ) | ||||
| Equity attributable to Shareholders of the Company | 189,643 | 128,889 | ||||||
| Non-controlling interests | 7,748 | 5,698 | ||||||
| Total equity | 197,391 | 134,587 | ||||||
| Total liabilities and equity | 237,140 | 170,505 | ||||||
| Consolidated Statements of Profit or Loss and Other Comprehensive Income |
||||||||
| For the year ended March 31, 2026 |
For the year ended March 31, 2025 |
|||||||
| US$’000 | US$’000 | |||||||
| Revenue | 155,910 | 203,607 | ||||||
| Total revenue | 155,910 | 203,607 | ||||||
| Cost of revenue | (108,680 | ) | (134,620 | ) | ||||
| Total cost of revenue | (108,680 | ) | (134,620 | ) | ||||
| Gross profit | 47,230 | 68,987 | ||||||
| Selling, general and administrative expenses | (12,373 | ) | (9,122 | ) | ||||
| Operating profit | 34,857 | 59,865 | ||||||
| Other income, net | 349 | 246 | ||||||
| Total other income, net | 349 | 246 | ||||||
| Finance income – third parties | 3,500 | 339 | ||||||
| Finance income – related parties | 93 | — | ||||||
| Total finance income | 3,593 | 339 | ||||||
| Finance cost | (404 | ) | (284 | ) | ||||
| Total finance cost | (404 | ) | (284 | ) | ||||
| Profit before tax | 38,395 | 60,166 | ||||||
| Income tax expense | (4,517 | ) | (13,189 | ) | ||||
| Net profit | 33,878 | 46,977 | ||||||
| Other comprehensive income/(loss): | ||||||||
| Items that will not be reclassified to profit or loss | ||||||||
| Foreign currency translation differences | 660 | 2,258 | ||||||
| Changes resulting from actuarial remeasurement of employee benefits obligation | (85 | ) | (2 | ) | ||||
| Other comprehensive income, net of tax | 575 | 2,256 | ||||||
| Total comprehensive income | 34,453 | 49,233 | ||||||
| Net profit attributable to: | ||||||||
| Shareholders of the Company | 32,208 | 44,816 | ||||||
| Non-controlling interests | 1,670 | 2,161 | ||||||
| Net profit | 33,878 | 46,977 | ||||||
| Total comprehensive income attributable to: | ||||||||
| Shareholders of the Company | 32,403 | 46,860 | ||||||
| Non-controlling interests | 2,050 | 2,373 | ||||||
| Total comprehensive income | 34,453 | 49,233 | ||||||
| Basic and diluted weighted-average shares outstanding | 42,002,230 | 37,822,500 | ||||||
| Basic and diluted earnings per share (as adjusted) (US$) | 0.77 | 1.18 | ||||||
| Consolidated Statements of Cash Flows |
||||||||
| For the year ended March 31, 2026 |
For the year ended March 31, 2025 |
|||||||
| US$’000 | US$’000 | |||||||
| Operating activities | ||||||||
| Net profit | 33,878 | 46,977 | ||||||
| Adjustments for: | ||||||||
| Income tax expenses | 4,517 | 13,189 | ||||||
| Depreciation of property, plant and equipment | 4,679 | 2,711 | ||||||
| Amortization of intangible assets | 67 | 84 | ||||||
| Depreciation of right-of-use assets | 1,620 | 1,412 | ||||||
| Loss on disposal of property, plant and equipment | — | 111 | ||||||
| (Reversal of)/allowance for inventories obsolescence | (780 | ) | 571 | |||||
| (Reversal of)/allowance for expected credit losses | (81 | ) | 121 | |||||
| Finance costs | 404 | 284 | ||||||
| Finance income | (3,593 | ) | (339 | ) | ||||
| Net gain on fair value changes of financial liabilities at fair value through profit or loss | (413 | ) | — | |||||
| Loss on unrealized foreign exchange | 347 | 493 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Trade receivables | (5,407 | ) | 18,975 | |||||
| Contract assets | (749 | ) | 764 | |||||
| Inventories | 16,165 | (2,329 | ) | |||||
| Prepayment and other assets | (2,401 | ) | 809 | |||||
| Trade and other payables | 12,576 | (32,239 | ) | |||||
| Employee benefits obligation | 516 | 59 | ||||||
| 61,345 | 51,653 | |||||||
| Cash provided by operations: | ||||||||
| Interest received | 3,593 | 339 | ||||||
| Income taxes refund | 2,398 | — | ||||||
| Income taxes paid | (13,218 | ) | (11,490 | ) | ||||
| Net cash provided by operating activities | 54,118 | 40,502 | ||||||
| Investing activities | ||||||||
| Proceeds from sale of property, plant and equipment | 2 | — | ||||||
| Acquisition of property, plant and equipment | (1,114 | ) | (2,863 | ) | ||||
| Acquisition of intangible asset | (523 | ) | — | |||||
| (Loan to)/repayment from related parties | (400 | ) | 1 | |||||
| Net cash used in investing activities | (2,035 | ) | (2,862 | ) | ||||
| Financing activities | ||||||||
| Proceeds from issuance of ordinary shares | 30,583 | — | ||||||
| Payment of offering cost | (1,731 | ) | — | |||||
| Repayment of loans and borrowings | — | (6,504 | ) | |||||
| Interest paid | (404 | ) | (253 | ) | ||||
| Payment of lease liabilities | (1,468 | ) | (1,302 | ) | ||||
| Net cash provided by/(used in) financing activities | 26,980 | (8,059 | ) | |||||
| Effect of foreign exchange on cash, cash equivalents and restricted cash | (592 | ) | 820 | |||||
| Net increase in cash, cash equivalents and restricted cash | 78,471 | 30,401 | ||||||
| Cash, cash equivalents and restricted cash at beginning of year | 75,831 | 45,430 | ||||||
| Cash, cash equivalents and restricted cash at end of year | 154,302 | 75,831 | ||||||
| Less: Restricted cash, non-current | 340 | 1,189 | ||||||
| Less: Restricted cash, current | 1,977 | 1,692 | ||||||
| Cash and cash equivalents at end of year | 151,985 | 72,950 | ||||||
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.
| Reconciliation of Net Profit to Adjusted EBITDA (Non-IFRS) |
|||||||
| For the years ended, March 31, |
|||||||
| 2026 | 2025 | ||||||
| US$’000 | US$’000 | ||||||
| Net profit | 33,878 | 46,977 | |||||
| Income tax expense | 4,517 | 13,189 | |||||
| Other income, net | (349 | ) | (246 | ) | |||
| Finance income | (3,593 | ) | (339 | ) | |||
| Finance cost | 404 | 284 | |||||
| Operating profit | 34,857 | 59,865 | |||||
| Depreciation and amortization | 6,366 | 4,207 | |||||
| Adjusted EBITDA (Non-IFRS) | 41,223 | 64,072 | |||||
| Adjusted EBITDA margin (Non-IFRS) | 26.4 | % | 31.5 | % | |||
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.
| Adjusted Free Cash Flow Reconciliation (Non-IFRS) |
|||||||
| For the years ended, March 31, |
|||||||
| 2026 | 2025 | ||||||
| US$’000 | US$’000 | ||||||
| Net cash provided by operating activities | 54,118 | 40,502 | |||||
| Less: Capital expenditure | |||||||
| – Acquisition of property, plant and equipment | (1,114 | ) | (2,863 | ) | |||
| – Proceeds from sale of property, plant and equipment | 2 | – | |||||
| – Acquisition of intangible asset | (523 | ) | – | ||||
| Adjusted Free Cash Flow (Non-IFRS) | 52,483 | 37,639 | |||||
For investor and media inquiries, please contact:
OMS Energy Technologies Inc.
Investor Relations
Email: ir@omsos.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: oms@thepiacentegroup.com
FAQ
How did OMS Energy Technologies (NASDAQ: OMSE) perform in fiscal year 2026?
OMS Energy Technologies remained profitable in fiscal 2026, with revenue of $155.9 million and net profit of $33.9 million. According to OMS, gross margin was 30.3%, operating profit reached $34.9 million, and adjusted EBITDA was $41.2 million, reflecting disciplined operations despite lower sales.
Why did OMSE revenue decline in fiscal year 2026 compared with 2025?
OMSE revenue fell to $155.9 million from $203.6 million, mainly due to Call-off Order timing. According to OMS, the prior year benefited from overlapping Saudi Aramco contracts, while 2026 reflected lower Saudi specialty connector and pipe orders against an unusually high comparison base.
What was OMS Energy Technologies’ cash and debt position at March 31, 2026 (OMSE)?
OMS reported a strong, debt-free balance sheet at March 31, 2026, with $154.3 million in cash and restricted cash. According to OMS, this compares with $75.8 million a year earlier and reflects IPO proceeds and higher operating cash flow, supporting growth and strategic opportunities.
How much operating cash flow and free cash flow did OMSE generate in fiscal 2026?
OMSE generated record operating cash flow of $54.1 million and adjusted free cash flow of $52.5 million in fiscal 2026. According to OMS, this exceeded $40.5 million and $37.6 million respectively in 2025, aided by working capital improvements, including a $15.4 million inventory reduction.
What recent contracts and certifications did OMS Energy Technologies (OMSE) secure in 2025–2026?
OMS secured an $11 million Saudi Aramco Call-off Order and several regional SWS and connector orders. According to OMS, subsidiaries gained API 6A and 11D1 certifications, expanded into Pakistan and Angola wellhead markets, and broadened certified packer and maintenance service offerings in Saudi Arabia and Indonesia.
What was OMS Energy Technologies’ backlog at March 31, 2026 and what does it indicate for OMSE?
OMS reported backlog of $60.7 million at March 31, 2026, down from $102.0 million. According to OMS, backlog reflects expected revenue from confirmed orders deliverable within 12 months and mainly decreased due to Saudi Call-off Order timing rather than a change in underlying demand.
How did OMSE’s segment revenues change in fiscal year 2026?
In fiscal 2026, OMS saw mixed segment trends across specialty connectors, surface wellheads, services and ancillary work. According to OMS, specialty connector and pipe revenue fell to $96.1 million, while surface wellhead and Christmas tree revenue rose to $10.9 million, with smaller shifts in services and ancillary revenues.
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