OMS Energy Technologies (NASDAQ: OMSE) Saudi Arabia Subsidiary Receives US$11 Million Call-Off Order from Saudi Aramco Under Long-Term Supply Agreement

OMS Energy Technologies (NASDAQ: OMSE) said its Saudi subsidiary, OMS Saudi, received a US$11 million call-off order from Saudi Aramco under a long-term call-off supply agreement.

Rhea-AI Summary

OMS Energy Technologies (NASDAQ: OMSE) said its Saudi subsidiary, OMS Saudi, received a US$11 million call-off order from Saudi Aramco under a long-term call-off supply agreement. The products are slated for delivery during calendar year 2026 and convert framework access into near-term revenue.

OMS highlighted a debt-free balance sheet, strong cash position, and recent API 6A certification (Jan 2026) that expands repair and maintenance capabilities for wellhead equipment in Saudi Arabia.

Positive

• US$11 million call-off order under long-term Saudi Aramco agreement
• Products scheduled for delivery during calendar year 2026
• Obtained API 6A certification in January 2026 enabling wellhead repair services
• Company reports a debt-free balance sheet and strong cash position

Negative

• None.

Argus Mar 20 session

+10.81% close to close Open Argus

Details

News Market Reaction – OMSE

In the Mar 20 session, OMSE gained 10.81%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.8% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +10.8% in the session following this news. A strong positive reaction aligns with the company’s pattern of leveraging strategic contracts and certifications to reinforce growth. The US$11 million Saudi Aramco call-off builds on earlier international orders and recent API certifications. However, history shows several instances where positive news was followed by divergent price moves, so investors have previously reassessed enthusiasm after initial strength, especially given the stock’s position 52.13% below its 52-week high.

Key Figures

Saudi Aramco call-off: US$11 million Long-term agreement: 10-year term Revenue: $82.8M +5 more

Saudi Aramco call-off

US$11 million

Specialty connectors and pipes order under long-term supply agreement

Long-term agreement

10-year term

Saudi Aramco supply agreement operates on a call-off basis

Revenue

$82.8M

Six months ended September 30, 2025

Net profit

$14.6M

Six months ended September 30, 2025

Net cash from operations

$26.4M

Six months ended September 30, 2025

Cash position

$128.7M

Record cash balance referenced in recent disclosures

Net IPO proceeds

$28.9M

Contributed to cash position in interim FY26 results

Tax refund

US$2.3 million

Expected return from favorable Saudi tax appeal decision

Historical Context

5 past events · Latest: Mar 10

5 events

1. Mar 10

   Investor conference

   24h Move

   +3.9%

   CEO presented record cash position, zero debt and global growth plans.

2. Jan 28

   Order wins

   24h Move

   -0.4%

   US$2.2M specialty connector orders from UAE, Pakistan and Indonesia.

3. Jan 15

   Certification win

   24h Move

   +0.4%

   OMS Saudi earned API Specification 6A certification for wellhead services.

4. Nov 26

   Certification win

   24h Move

   -1.5%

   Indonesian unit obtained API Spec 11D1 certification for packers.

5. Nov 21

   Interim results

   24h Move

   -4.3%

   Reported H1 FY26 revenue, net profit, strong cash and operating cash flow.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

surface wellhead systems, oil country tubular goods, Christmas tree equipment

3 terms

surface wellhead systems technical

"a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country"

Surface wellhead systems are the set of valves, connectors and pressure-control equipment mounted at the top of an oil or gas well that manage flow, provide access for pipes and tools, and keep the well sealed and safe. Think of it as the control and connection hub for a well — its design and reliability directly affect production uptime, safety, regulatory compliance and maintenance costs, so investors watch them as a factor in operational risk and long‑term value.

oil country tubular goods technical

"systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas"

Oil country tubular goods are the pipes and related steel products—such as casing, tubing and drill pipe—used to build and operate oil and gas wells. Think of them as the backbone and plumbing for a well: their demand rises when companies drill and develop fields and falls when activity slows, so sales and backlogs of these products are useful signals for investors about drilling activity, industry health and capital spending in the energy sector.

Christmas tree equipment technical

"enables the subsidiary to provide repair and maintenance services for wellhead and Christmas tree equipment."

A "christmas tree" in energy production is a set of valves, fittings and gauges mounted on a wellhead that controls the flow of oil or gas from a well to the surface. Think of it like a home plumbing manifold or a car’s throttle system: it regulates output, prevents leaks and allows technicians to start, stop or redirect flow. Investors care because its condition and configuration affect production reliability, safety, operating costs and the economic value of a well.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Specialty Connector Order Under 10-Year Agreement Reinforces OMS Saudi's Position as a Premier Regional Supplier

Singapore, March 20, 2026 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced that its wholly-owned subsidiary, OMS Oilfield Services Arabia Ltd. ("OMS Saudi"), has received a US$11 million call-off order for specialty connectors and pipes under the Company's existing long-term supply agreement with Saudi Aramco, the world’s largest oil producer. The products are expected to be delivered during calendar year 2026.

The Company's supply agreement with Saudi Aramco, signed in early 2024, operates on a call-off basis, under which Saudi Aramco places orders for specialty connectors and pipes as needed, based on its operational requirements. This latest call-off demonstrates the continued conversion of the long-term framework into active revenue and reflects sustained demand for OMS's premium SCP products.

Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, "This US$11 million call-off order highlights the enduring value of our long-term partnership with Saudi Aramco, providing significant demand visibility for our specialty connector business. Supported by a stable revenue pipeline, debt-free balance sheet and strong cash position, we are well-equipped to invest in the capacity and capabilities needed to serve Aramco’s growing needs and strengthen our position in Saudi Arabia, while expanding our broader international footprint to drive long-term shareholder value."

OMS Saudi, the Company's largest subsidiary, has a 15-year track record of technical excellence and manufacturing expertise in the Kingdom of Saudi Arabia. OMS Saudi holds a comprehensive suite of industry certifications, including API Specifications Q1, 5CT, 5L, 7-1, and the recently obtained API Specification 6A certification announced in January 2026, which enables the subsidiary to provide repair and maintenance services for wellhead and Christmas tree equipment. This expanding portfolio of certifications and capabilities positions OMS Saudi as a fully integrated supplier in one of the world's most technically demanding upstream markets, aligned with Saudi Arabia's "Made in KSA" initiative.

About OMS Energy Technologies Inc.

OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

For more information, please visit ir.omsos.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

OMS Energy Technologies Inc.
Investor Relations
Email: ir@omsos.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: omsos@thepiacentegroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the US$11 million Aramco call-off mean for OMS (OMSE) in 2026?

It represents near-term revenue conversion from a framework agreement, with delivery during 2026. According to the company, the call-off converts long-term supply access into active sales and provides demand visibility for specialty connectors and pipes.

When will OMS (OMSE) deliver the products from the Saudi Aramco order?

Deliveries are expected during calendar year 2026. According to the company, the US$11 million order for specialty connectors and pipes will be fulfilled across 2026 under the existing call-off terms.

How does OMS Saudi's API 6A certification affect OMSE's Saudi operations?

API 6A certification expands repair and maintenance services for wellhead equipment in Saudi Arabia. According to the company, the January 2026 certification broadens OMS Saudi's capabilities and supports integrated supply and service offerings.

Does the Aramco order change OMS's financial position or leverage (OMSE)?

The company cites a debt-free balance sheet and strong cash position supporting growth investments. According to the company, this financial posture enables capacity expansion to serve Aramco without adding leverage.

How long has OMS Saudi been operating in the Kingdom and what does that imply for OMSE?

OMS Saudi has a 15-year operating track record in Saudi Arabia, indicating established local presence and technical expertise. According to the company, this history underpins its supplier status and alignment with Made in KSA initiatives.