OMS Energy Posts $54.1M Cash Flow, Ends Year Debt-Free with $155.9M Revenue
OMSE•OMS Energy Technologies reported fiscal 2026 revenues of $155.9 million, down from $203.6 million year-on-year, with gross margin of 30.3% and net profit of $33.9 million. The company generated record operating cash flow of $54.1 million, ended the period debt-free with $154.3 million cash, and secured new international orders.
1. Fiscal Year 2026 Financial Results
OMS Energy Technologies reported total revenues of $155.9 million for the fiscal year ended March 31, 2026, down from $203.6 million a year earlier. Gross margin fell to 30.3% from 33.9%, with operating profit of $34.9 million, adjusted EBITDA of $41.2 million and net profit of $33.9 million.
2. Cash Flow and Balance Sheet Strength
Net cash provided by operating activities reached a record $54.1 million, boosting adjusted free cash flow to $52.5 million. The company ended the fiscal year debt-free with $154.3 million in cash and restricted cash, providing flexibility for geographic expansion and strategic investments.
3. Geographic Expansion and Order Wins
In March 2026 OMS Saudi secured an $11 million call-off order under its 10-year Saudi Aramco agreement. Subsidiaries in Singapore, Indonesia and the UAE won surface wellhead and connector orders totaling about $4.8 million from operators in Oman, Pakistan, Indonesia and the UAE, including first contracts in Pakistan and Angola.
4. New Certifications and Growth Outlook
In January 2026 OMS Saudi earned API Specification 6A certification to expand repair and maintenance services, complementing existing API Q1, 5CT, 5L and 7-1 approvals. OMS Indonesia obtained API 11D1 certification in November 2025, enhancing its portfolio with self-developed packers and supporting diversification across the Middle East and Southeast Asia.
