KOIL Energy Reports Second Quarter 2025 Results and Provides a Business Update
Koil Energy Solutions (OTCQB: KLNG), a deepwater energy production specialist, reported Q2 2025 results with revenue of $5.2 million, representing a 10% year-over-year decrease. The company achieved a gross margin of 33% and an adjusted EBITDA margin of 3%, with net income at 1.2% of revenue.
The company announced three major new projects: a subsea tie-back project in the Gulf of America, a renewable energy cable management services project, and their largest project in nearly a decade involving the design and manufacture of proprietary subsea flying leads. The company ended the quarter with $2.2 million in cash and expects strengthening demand in the second half of 2025.
Koil Energy Solutions (OTCQB: KLNG), specialista nella produzione energetica in acque profonde, ha comunicato i risultati del secondo trimestre 2025 con un fatturato di $5,2 milioni, in calo del 10% su base annua. La società ha registrato un margine lordo del 33% e un margine EBITDA rettificato del 3%, con un utile netto pari all'1,2% dei ricavi.
Ha inoltre annunciato tre nuovi progetti importanti: un tie-back sottomarino nel Golfo d'America, un progetto di servizi per la gestione di cavi per energie rinnovabili e il suo progetto più grande in quasi un decennio, che riguarda la progettazione e la produzione di flying leads sottomarini proprietari. La società ha chiuso il trimestre con $2,2 milioni in cassa e prevede un rafforzamento della domanda nella seconda metà del 2025.
Koil Energy Solutions (OTCQB: KLNG), especialista en producción energética en aguas profundas, presentó los resultados del segundo trimestre de 2025 con ingresos de $5,2 millones, lo que supone una caída interanual del 10%. La compañía alcanzó un margen bruto del 33% y un margen EBITDA ajustado del 3%, con un beneficio neto equivalente al 1,2% de los ingresos.
Anunció además tres proyectos nuevos importantes: un tie-back submarino en el Golfo de América, un proyecto de servicios de gestión de cables para energías renovables y su mayor proyecto en casi una década, que incluye el diseño y la fabricación de flying leads submarinos propietarios. Cerró el trimestre con $2,2 millones en efectivo y espera un repunte de la demanda en la segunda mitad de 2025.
Koil Energy Solutions (OTCQB: KLNG)는 심해 에너지 생산 전문업체로, 2025년 2분기 실적에서 매출 $5.2 million(전년 동기 대비 10% 감소)을 보고했습니다. 회사는 총이익률 33%과 조정 EBITDA 마진 3%를 기록했으며, 순이익은 매출의 1.2%였습니다.
또한 3개의 주요 신규 프로젝트를 발표했는데, Gulf of America 지역의 해저 타이백 프로젝트, 재생에너지용 케이블 관리 서비스 프로젝트, 그리고 거의 10년 만의 최대 프로젝트로 자체 설계한 해저 플라잉 리드의 설계 및 제조를 포함합니다. 분기 말 현금은 $2.2 million이었으며, 2025년 하반기에는 수요가 강화될 것으로 예상하고 있습니다.
Koil Energy Solutions (OTCQB: KLNG), spécialiste de la production énergétique en eaux profondes, a publié ses résultats du deuxième trimestre 2025 avec un chiffre d'affaires de 5,2 M$, soit une baisse de 10% en glissement annuel. La société a réalisé une marge brute de 33% et une marge EBITDA ajustée de 3%, le bénéfice net représentant 1,2% du chiffre d'affaires.
Elle a annoncé trois nouveaux projets majeurs : un tie-back sous-marin dans le golfe d'Amérique, un projet de services de gestion de câbles pour les énergies renouvelables et son plus grand projet depuis près d'une décennie, portant sur la conception et la fabrication de flying leads sous-marins propriétaires. La société a clôturé le trimestre avec 2,2 M$ de trésorerie et s'attend à un renforcement de la demande au second semestre 2025.
Koil Energy Solutions (OTCQB: KLNG), ein Spezialist für die Energiegewinnung in der Tiefsee, meldete die Zahlen für das zweite Quartal 2025 mit einem Umsatz von 5,2 Mio. $, was einem Rückgang von 10% gegenüber dem Vorjahr entspricht. Das Unternehmen erzielte eine Bruttomarge von 33% und eine bereinigte EBITDA-Marge von 3%, der Nettogewinn betrug 1,2% des Umsatzes.
Zusätzlich wurden drei bedeutende neue Projekte angekündigt: ein subsea Tie-back-Projekt im Golf von Amerika, ein Projekt für Kabelmanagement-Dienstleistungen im Bereich erneuerbarer Energien und das bislang größte Projekt seit fast einem Jahrzehnt, das die Entwicklung und Fertigung proprietärer subsea Flying Leads umfasst. Das Quartal wurde mit 2,2 Mio. $ in bar abgeschlossen; für die zweite Hälfte 2025 wird eine stärkere Nachfrage erwartet.
- Secured three major new projects including the largest contract in almost a decade
- Strong pipeline of high-probability opportunities ahead
- Increased service activity and robust order intake on fixed-price contracts
- Strategic headcount increase aligned with long-term growth vision
- Revenue decreased 10% year-over-year to $5.2 million
- Lower labor utilization early in the quarter impacted margins
- Modest first half of 2025 performance
- Increased headcount costs affected Q2 margins
- Revenue of
- Gross margin of
- Adjusted EBITDA margin of
- Awarded three new projects
HOUSTON, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its second quarter 2025 results and announced three new projects.
“After a modest first half of 2025, momentum is building. Today, we announced three new projects, and recent weeks have brought a sharp rise in service activity and robust order intake on fixed‑price contracts,” said Erik Wiik, President and Chief Executive Officer of KOIL Energy. “These are clear indicators of strengthening demand heading into the second half of the year.”
Second Quarter 2025 Results:
For the three months ending June 30, 2025, Koil Energy generated revenue of
The increase in headcount is intentional and aligned with our vision for long-term growth. We remain watchful to balance growth with profitability, ensuring that these investments deliver near-term results. These investments, which impacted second quarter margins, have positioned us to execute on the growth plan we have set for the company. We now have the necessary capabilities in place to successfully execute the increased workload ahead.
Business Update:
We are excited to announce the following new projects:
- KOIL Energy has been awarded a significant subsea tie-back project in the Gulf of America. The scope of work includes subsea distribution equipment and commissioning services for a major international oil company.
- KOIL Energy has been awarded a significant cable management services project for a renewable energy project including 5 months of continuous assignments for our service team.
- KOIL Energy has been selected as the supplier for a major international greenfield project, which includes the design and manufacture of over 20 of our proprietary subsea flying leads. This represents our largest project in almost a decade and will be carried out over the next 15 months at our Houston, Texas facility. Follow-on service work is expected to be awarded at a later stage.
Our focus has remained firmly on driving growth and executing our strategic plan. In addition to the significant and major projects mentioned, our sales team achieved a steady flow of new service contracts - clear signs of strong and accelerating momentum. With these large wins, along with a robust pipeline of high-probability opportunities, we are well-positioned to drive revenue growth over the next four quarters.
KOIL Energy will host an investor conference call to review its second quarter 2025 results on Thursday, August 14, 2025, at 10:00 am Eastern Time.
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The earnings release and a replay of the conference call will also be available on the Company's website, www.koilenergy.com, under the "Investors" section.
About KOIL (www.koilenergy.com)
KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. We provide innovative solutions to complex customer challenges presented between the production facility and the energy source. Our core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, KOIL Energy's experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world.
Forward-Looking Statements
Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
Investor Relations:
ir@koilenergy.com
281-862-2201
| KOIL ENERGY SOLUTIONS, INC. | |||||||||||||||
| SUMMARY FINANCIAL DATA | |||||||||||||||
| (UNAUDITED) | |||||||||||||||
| Comparative Condensed Consolidated Income Statement | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (In thousands, except per share amounts) | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Revenues | $ | 5,183 | $ | 5,779 | $ | 10,433 | $ | 11,570 | |||||||
| Cost of sales | 3,454 | 3,530 | 7,052 | 7,290 | |||||||||||
| Selling, general and administrative | 1,964 | 1,268 | 3,693 | 2,729 | |||||||||||
| Operating income (loss) | (235 | ) | 981 | (312 | ) | 1,551 | |||||||||
| Total other (income) expense | (304 | ) | (5 | ) | (359 | ) | (14 | ) | |||||||
| Income (loss) before income tax expense | 69 | 986 | 47 | 1,565 | |||||||||||
| Income tax expense | 8 | 2 | 15 | 5 | |||||||||||
| Net income (loss) | $ | 61 | $ | 984 | $ | 32 | $ | 1,560 | |||||||
| Net income (loss) per share, basic | $ | 0.01 | $ | 0.08 | $ | 0.00 | $ | 0.13 | |||||||
| Weighted-average shares outstanding, basic | 12,088 | 12,188 | 12,088 | 12,079 | |||||||||||
| Comparative Condensed Consolidated Balance Sheets | |||||||
| June 30, | December 31, | ||||||
| (In thousands) | 2025 | 2024 | |||||
| Assets: | |||||||
| Cash | $ | 2,193 | $ | 3,422 | |||
| Other current assets | 7,515 | 6,784 | |||||
| PP&E, net | 3,355 | 2,791 | |||||
| Other non-current assets | 6,553 | 5,743 | |||||
| Total assets | $ | 19,616 | $ | 18,740 | |||
| Liabilities: | |||||||
| Current liabilities | 4,626 | 4,524 | |||||
| Other long-term liabilities | 6,205 | 5,612 | |||||
| Total liabilities | 10,831 | 10,136 | |||||
| Stockholders' equity | 8,785 | 8,604 | |||||
| Total liabilities and stockholders' equity | $ | 19,616 | $ | 18,740 | |||
| Adjusted EBITDA | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (In thousands) | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Net income (loss) | $ | 61 | $ | 984 | $ | 32 | $ | 1,560 | |||||||
| (Deduct) Add: Interest (income) expense, net | (2 | ) | (5 | ) | (16 | ) | (13 | ) | |||||||
| Add: Income tax expense | 8 | 2 | 15 | 5 | |||||||||||
| Add: Depreciation and amortization | 156 | 149 | 303 | 293 | |||||||||||
| Add: Share-based compensation | 79 | 34 | 149 | 53 | |||||||||||
| Add (Deduct): Loss (gain) on sale of asset | (11 | ) | 3 | (12 | ) | 3 | |||||||||
| Add: Loss (Gain) on Litigation Settlement | (250 | ) | - | (250 | ) | - | |||||||||
| Add: Restructuring costs | 122 | - | 279 | - | |||||||||||
| Adjusted EBITDA | $ | 163 | $ | 1,167 | $ | 500 | $ | 1,901 | |||||||
| Cash Flow Data | |||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| (In thousands) | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Cash provided by (used in): | |||||||||||||||
| Operating activities | $ | (99 | ) | $ | (82 | ) | $ | (406 | ) | $ | (756 | ) | |||
| Investing activities | (810 | ) | 16 | (820 | ) | (62 | ) | ||||||||
| Financing activities | (268 | ) | 329 | (3 | ) | 247 | |||||||||
| Change in cash | $ | (1,177 | ) | $ | 263 | $ | (1,229 | ) | $ | (571 | ) | ||||
FAQ
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