KUALA LUMPUR, July 29 (Bernama) -- OMS Energy Technologies Inc (OMS) has posted a blockbuster fiscal year 2025 (FY2025), marking its first full-year earnings since going public with US$203.6 million in revenue and US$47 million in net profit. (US$1=RM4.21)
The manufacturer of surface wellhead systems and oil country tubular goods reported a 33.9 per cent gross margin, up from 29.9 per cent in prior period, driven largely by strong demand for its specialty connectors and pipes business.
Operating profit climbed to US$59.9 million, more than doubling from US$40.2 million in the previous reporting period.
In a statement, OMS Chairman and Chief Executive Officer, How Meng Hock called the results a “proud moment,” highlighting post-initial public offering (IPO) customer wins and a strategy focused on long-term innovation and growth.
Meanwhile, Its Chief Financial Officer, Kevin Yeo credited cost discipline and economies of scale for the improved financial performance.
Yeo added that although net profit declined from last year’s US$82.1 million, the prior figure included a one-time US$49.4 million gain related to a management buyout. Excluding that, OMS showed strong underlying profit growth.
Net cash from operations totalled US$40.5 million, while total cash and equivalents rose to US$75.8 million, up from US$45.4 million a year earlier.
OMS enters fiscal 2026 with solid fundamentals, expanded market reach, and momentum to scale its engineering and high-margin services in key global energy markets.
-- BERNAMA
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