Generated Record Operating Cash Flow of $54.1 Million; Maintained Profitability
Debt-Free $154.3 Million Cash Position Supports Continued Geographic Expansion
SINGAPORE, June 25, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. ("OMS" or the "Company") (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems ("SWS") and oil country tubular goods ("OCTG") for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2026. The Company also announced that it has filed its annual report on Form 20-F for the fiscal year ended March 31, 2026 with the U.S. Securities and Exchange Commission.
Fiscal Year 2026 Financial Highlights
Total revenues were $155.9 million for fiscal year 2026, compared with $203.6 million for fiscal year 2025.
Gross margin was 30.3% for fiscal year 2026, compared with 33.9% for fiscal year 2025.
Operating profit was $34.9 million for fiscal year 2026, compared with $59.9 million for fiscal year 2025.
Adjusted EBITDA was $41.2 million for fiscal year 2026, compared with $64.1 million for fiscal year 2025.
Net cash provided by operating activities was $54.1 million for fiscal year 2026, compared with $40.5 million for fiscal year 2025.
Adjusted free cash flow was $52.5 million for fiscal year 2026, compared with $37.6 million for fiscal year 2025.
Recent Business Highlights
In March 2026, OMS Saudi received a US$11 million "Call-off Order" for specialty connectors and pipes under the Company's 10-year agreement with Saudi Aramco, signed in 2024. Call-off Orders are purchase orders issued upon customer request under long-term supply contracts with pre-agreed terms that vary by customer. This order represents the continued conversion of the Company's agreement with Saudi Aramco into active revenue
In March 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.6 million in surface wellhead system orders and a contract extension from operators in Oman, Pakistan and Indonesia. The orders included OMS's first 10,000-PSI full wellhead and production tree system in Pakistan and a contract extension with Pertamina Hulu Rokan in Indonesia due to demand exceeding the original contract value.
In January 2026, the Company's subsidiaries in Singapore and Indonesia secured approximately US$2.2 million in specialty connector orders from oil and gas operators in the United Arab Emirates, Pakistan and Indonesia, advancing its strategy to diversify specialty connector sales beyond its core Saudi Arabian market.
In January 2026, OMS Saudi earned API Specification 6A certification, enabling the subsidiary to provide repair and maintenance services for wellhead and Christmas tree equipment. Combined with existing API Specifications Q1, 5CT, 5L and 7-1 certifications, this positions OMS Saudi as a supplier of diverse products and services in the Kingdom of Saudi Arabia.
In November 2025, OMS Indonesia obtained API Specification 11D1 certification and expanded its product portfolio with certified, self-developed retrievable mechanical and hydraulic packers, complementing its existing API-6A-certified surface wellheads and Christmas trees.