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.
OMS Energy Technologies Inc.Record operating cash flow of $54.1M, debt-free balance sheet with $154.3M cash, and maintained profitability despite revenue decline.