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. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more.

Access the full call at Summary OMS Energy Technologies Inc. 6 million in fiscal 2025, primarily due to the timing of call-off orders with Saudi Aramco. 3%. 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.

com. 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. Most notably, a shipment of specialty connectors from Singapore to the UAE worth approximately US$800,000 was delayed when the conflict broke out. We still expect to fulfill that shipment, but we remain cautious given the fluid regional environment and the uncertainty around when logistics activity will fully return to normal. Furthermore, the seasonal slowdown around Ramadan this year coincided with heightened regional caution, compounding the effect.

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. 6 million in fiscal 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, fiscal 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 fiscal 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.