OMS Energy Technologies Inc., through its subsidiaries, manufactures and sells surface wellhead systems and oil country tubular goods for use in the onshore and offshore oil exploration and production activities. The company provides specialty and pipe connectors, joints, Christmas tree products, tubes, extensions, and related accessories; threading, inspection, and tubular running services; and other ancillary services, including repair of drilling tools, tubular goods, and accessories. It has operations in Singapore, Saudi Arabia, Indonesia, Thailand, Malaysia, and Brunei. The company was founded in 1972 and is based in Singapore.
OMS Energy Technologies Inc. Announces Fiscal Year 2026 Financial Results
OMS Energy Technologies reported fiscal 2026 revenue of $155.9 million, down from $203.6 million in the prior year, with net profit falling to $33.9 million.
Despite the revenue decline, the company generated record operating cash flow of $54.1 million and adjusted free cash flow of $52.5 million, ending the fiscal year debt-free with $154.3 million in cash.
Management attributed the lower revenue to the timing of call-off orders from Saudi Aramco against a high prior-year comparison, while highlighting new business wins in Pakistan, Angola and Indonesia.