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OMS Energy Technologies Reports Record Operating Cash Flow of $54.1 Million for Fiscal 2026
OMS Energy Technologies Inc. announced its fiscal year 2026 financial results, generating record operating cash flow of $54.1 million and maintaining profitability despite a revenue decline. Total revenues fell to $155.9 million from $203.6 million in the prior year, primarily due to the timing of Call-off Orders under its long-term Saudi Aramco contract, while gross margin held at 30.3%. The company ended the year debt-free with a cash position of $154.3 million, supported by $28.9 million in net IPO proceeds and strong cash generation. Recent business highlights include a US$11 million Call-off Order from Saudi Aramco, new surface wellhead contracts in Pakistan and Angola, and API certifications expanding service capabilities in Saudi Arabia and Indonesia.