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, 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-off 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 revenueswere $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 profitwas $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 activitieswas $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, said,
“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.”
For more information, please visit ir.omsos.com.
