OMS ENERGY TEC.INC. O.N.

OMS Energy Technologies reports new orders for specialty connectors totaling about 2.2 million USD through its subsidiaries in Singapore and Indonesia. The Singapore unit received a framework order of 1.4 million USD from a state oil company in the United Arab Emirates and 0.4 million USD from a Pakistani energy company; deliveries are scheduled for March and April 2026. The Indonesian subsidiary secured orders from two state energy groups worth about 0.4 million USD for an offshore gas development project; production will take place in Bogor. Company data show a solid balance sheet with liquid funds exceeding debt. » Mere på de.investing.com

OMS Energy reported Q2 2025 revenue of $82.8 million, which management attributed to the timing of call-off orders rather than weaker demand. The company remained profitable (net income $14.6 million), generated $26.4 million in free cash flow, held $128.7 million in cash and reported no debt. After the results, the stock rose 2.55% in premarket trading. OMS Energy is expanding geographically (including Angola and Pakistan) and is pursuing partnerships in AI and robotics to diversify its product offering. » Mere på de.investing.com