OMS Energy Technologies Inc., a manufacturer of surface wellhead systems and tubular products for the oil and gas sector, reported revenue of $203.6mn for the fiscal year ending March 31, 2025, representing an increase of nearly 25% compared to the previous period. The company posted a gross margin of 33.9%, confirming enhanced profitability in a global market focused on industrial performance and competitiveness. Operating profit reached $59.9mn, compared to $40.2mn the previous year.
Acceleration in connector and tubular sales
Sales of specialised connectors and tubular products reached $143.1mn for the year, driven by significantly higher demand from a strategic client expanding its oil operations. Sales of wellhead and “Christmas tree” equipment amounted to $8.7mn, down slightly due to deferred orders in Indonesia and the Middle East, which are expected to be recorded in the next fiscal year.
Premium threading services contributed $36.8mn, reflecting stable drilling activity in key markets. Other services, including engineering tests, inspection and maintenance, rose to $15mn, as clients demanded increased reliability for their installations.
Cost evolution and operational profitability
Cost of sales rose to $134.6mn, progressing in line with revenue growth, enabling the company to benefit from volume effects and improved productivity. Selling, general and administrative expenses decreased to $9.1mn, due to lower legal fees and optimised workforce management.
Net profit was $47mn, compared to $82.1mn in the previous period, which had included a one-off $49.4mn gain linked to the management buyout. Underlying performance highlights the robustness of the business model and the company’s ability to generate organic growth in a competitive market.
Strengthening of financial structure and liquidity
As of March 31, 2025, cash and cash equivalents totalled $75.8mn, a clear increase year-on-year. Net cash flow from operating activities reached $40.5mn, compared to $24mn in the previous period, confirming the group’s financial strength and investment capacity.
The company, which has secured several new contracts and renewals since its stock market listing, continues to pursue global growth, leveraging industrial innovation and disciplined cost management.
