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OMS Energy Technologies (NASDAQ: OMSE) Saudi Arabia Subsidiary Receives US$11 Million Call-Off Order from Saudi Aramco Under Long-Term Supply Agreement
Globenewswire· 2026-03-20 11:00
Core Insights - OMS Energy Technologies Inc. has secured an $11 million call-off order for specialty connectors and pipes from its subsidiary OMS Oilfield Services Arabia Ltd. under a long-term supply agreement with Saudi Aramco, expected to be delivered in 2026 [1][2] Group 1: Company Overview - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry [4] - The company operates 11 strategically located manufacturing facilities across the Asia Pacific, Middle Eastern, and North African regions, ensuring rapid response times and customized solutions [4] Group 2: Partnership with Saudi Aramco - The supply agreement with Saudi Aramco, established in early 2024, allows for orders to be placed as needed, reflecting ongoing demand for OMS's premium products [2] - The recent $11 million order underscores the value of the long-term partnership with Saudi Aramco, providing significant demand visibility for OMS's specialty connector business [3] Group 3: Operational Strengths - OMS Saudi has a 15-year track record of technical excellence and holds multiple industry certifications, including the recently obtained API Specification 6A certification, enhancing its service capabilities [3] - The company maintains a debt-free balance sheet and a strong cash position, enabling it to invest in capacity and capabilities to meet Aramco's growing needs [3]
OMS Energy Technologies (NASDAQ: OMSE) CEO How Meng Hock to Showcase Record Cash Position and Global Growth Strategy at 38th Annual ROTH Conference
Globenewswire· 2026-03-10 20:30
Core Viewpoint - OMS Energy Technologies Inc. is actively engaging with institutional investors at the 38th Annual ROTH Conference to discuss its growth strategies and operational strengths, highlighting its robust financial position and market opportunities in the oil and gas sector [1][2]. Group 1: Company Overview - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry [4]. - The company operates 11 manufacturing facilities across six countries, ensuring rapid response times and customized solutions for its clients [4]. Group 2: Financial Position - OMS has a strong cash position of $128.7 million and maintains a zero-debt balance sheet, which positions the company favorably for future growth [2][3]. - The company is strategically positioned to capitalize on the increasing global demand for oilfield equipment, supported by a long-standing supply contract with Saudi Aramco [2]. Group 3: Strategic Initiatives - The CEO, Mr. How Meng Hock, will discuss the company's expanding customer base and recent operational milestones during one-on-one investor meetings at the conference [2]. - OMS's localized manufacturing advantages and integrated supply chain are emphasized as key factors enabling reliable delivery and operational flexibility in dynamic global markets [2].
OMS Energy Technologies Inc. Reports Strong Cash Generation and Sustained Profitability in First Half of Fiscal Year 2026
Globenewswire· 2025-11-21 09:00
Core Insights - OMS Energy Technologies Inc. reported a record cash position of $128.7 million and significant strategic progress in international markets, indicating a strong long-term growth trajectory [1][4] - The company experienced a decline in total revenues to $82.8 million for the first half of fiscal 2026, primarily due to a normalization of call-off orders compared to exceptionally high volumes in the previous year [5][6] Financial Performance - Total revenues for the first half of fiscal 2026 were $82.8 million, down from $129.2 million in the same period of 2025, attributed to high call-off orders in Saudi Arabia in the prior year [5][6] - Gross margin remained healthy at 28.2%, despite a decrease from 33.3% in the previous year, reflecting continued cost discipline and operational efficiency [10] - Operating profit was reported at $17.9 million with a 21.6% operating margin, showcasing the company's resilient business model [6][11] - Net profit decreased to $14.6 million from $30.7 million in the same period last year, influenced by a strong base period driven by high call-off volumes [13][14] Cash Flow and Balance Sheet - The company generated $26.4 million in net cash from operating activities, contributing to a record cash balance of $128.7 million as of September 30, 2025, up from $75.8 million in March 2025 [15][16] - The increase in cash was also supported by net proceeds of $28.9 million from the initial public offering [15] - OMS maintained a conservative balance sheet with ample liquidity to support future investments and global expansion [16] Market Expansion and Strategic Partnerships - OMS expanded its global footprint through new partnerships in Angola and Pakistan, and strong performance in Indonesia, Egypt, Oman, and the UAE [2] - The company secured a renewed three-year agreement with PTTEP in Thailand, reinforcing its leadership position in the region [2] - Marketing efforts in Indonesia are attracting new customers, contributing to steady growth in sales of surface wellhead and Christmas tree products [2][4]
OMS Energy Technologies Inc. CEO How Meng Hock Takes Center Stage at DFIN Capital Markets Event
Globenewswire· 2025-09-26 10:00
Core Insights - OMS Energy Technologies Inc. recently participated in a panel at a DFIN event focused on U.S. IPOs for Southeast Asian companies, highlighting its successful Nasdaq listing earlier this year [1][2][3] Company Overview - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry, serving both onshore and offshore operators [4] - The company operates 11 strategically located manufacturing facilities across six key jurisdictions in the Asia Pacific, Middle Eastern, and North African (MENA) regions, ensuring rapid response and customized solutions [4] Event Participation - The DFIN event gathered corporate leaders and capital markets experts to discuss IPO strategies and challenges, where OMS's CEO shared insights on public listing preparation and post-IPO growth strategies [2][3] - Mr. How Meng Hock emphasized the learning journey of going public and the opportunities it presents for long-term shareholder value creation through innovation and execution excellence [3]
OMS Energy Technologies Inc. Celebrates Nasdaq Listing with Opening Bell Ceremony, Highlighting Post-IPO Momentum and Growth
Globenewswire· 2025-08-28 21:00
Core Insights - OMS Energy Technologies Inc. successfully completed its initial public offering (IPO) on May 13, 2025, and celebrated by ringing the Nasdaq Opening Bell, marking a significant milestone in its 50-year history in the energy sector [1][2]. Company Overview - OMS is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry, serving both onshore and offshore operators [6]. - The company operates 11 strategically located manufacturing facilities across the Asia Pacific, Middle Eastern, and North African regions, ensuring rapid response times and customized solutions [6]. Financial Performance - For the fiscal year ending March 31, 2025, OMS reported total revenues of US$203.6 million, indicating strong financial performance [4]. - The company has secured a 10-year supply agreement with Saudi Aramco, projected to generate annual revenues between US$120 million and US$200 million [4]. Strategic Initiatives - OMS is focusing on strategic expansion initiatives and increasing investments in innovative research and development (R&D) to enhance its operational capabilities [2]. - The company has recently secured new orders, including a contract for surface wellhead systems in Angola and a renewed three-year agreement with PTTEP in Thailand, which deepens its presence in Southeast Asia [4]. Innovation and Technology - OMS is advancing its innovation pipeline, having completed Phase 1 of its proof of concept for high-pressure, high-temperature (HPHT) gate valves utilizing Additive Manufacturing technology [4].
OMS Energy Technologies Inc. Filed 2025 Annual Report on Form 20-F
Globenewswire· 2025-07-25 11:00
Core Viewpoint - OMS Energy Technologies Inc. has filed its annual report on Form 20-F for the fiscal year ended March 31, 2025, with the U.S. SEC on July 25, 2025 [1] Company Overview - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry [3] - The company serves both onshore and offshore exploration and production operators across six vital jurisdictions in the Asia Pacific, Middle Eastern, and North African (MENA) regions [3] - OMS operates 11 strategically located manufacturing facilities in key markets, ensuring rapid response times and customized technical solutions [3] - In addition to SWS and OCTG, OMS provides premium threading services to enhance operational efficiency for its customers [3]