OMSE Reports FY26 Earnings

On Wednesday, OMS Energy Technologies (NASDAQ: OMSE ) discussed full-year financial results during its earnings call.

The full transcript is provided below.

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Access the full call at Summary OMS Energy Technologies Inc. reported a decrease in full-year revenue to $155.9 million from $203.6 million in fiscal 2025, primarily due to the timing of call-off orders with Saudi Aramco.

Despite the revenue decline, the company achieved solid profitability with a gross profit of $47.2 million and a gross margin of 30.3%.

OMS Energy Technologies ended the year with a debt-free balance sheet and a record cash position of $154.3 million, driven by IPO proceeds and strong cash conversion.

The company is focused on strategic diversification, achieving growth in markets outside Saudi Arabia, including a 17% revenue increase in Thailand and securing vendor approval with Kuwait Oil Company.

Looking ahead, OMS Energy Technologies expects a gradual recovery in Aramco call-off activity and continued progress in diversification markets, with a modest improvement in top-line performance anticipated for the next fiscal year.

Full Transcript OPERATOR 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 the 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.

You can also view the earnings press release by visiting the OMSIR 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, intend, 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 affiliate advisors, and representatives do not undertake any obligations to update this forward-looking information except as required under applicable law.

I will now turn the call over to Mr.

Hao Ming Ho.

Please go ahead.

Hao Ming Ho, CEO Thank you, operator, and thank you everyone for joining us today.

My name is Hao Ming Ho.

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, and our Saudi facility has remained operational.

At the same time, the conflict has caused some short-term logistical disruption in our business.