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

Key Figures

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

8 metrics

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

Market Reality Check

Price: $4.72 Vol: Volume 12,933 is at 1.08x...

normal vol

$4.72 Last Close

Volume Volume 12,933 is at 1.08x its 20-day average of 11,921 shares. normal

Technical Shares at $4.72 trade below the 200-day MA of $5.44 and sit 52.13% below the 52-week high of $9.86.

Peers on Argus

Sector peers are mixed: GEOS appears in momentum scanners, moving up about 2.2%,...

1 Up

Sector peers are mixed: GEOS appears in momentum scanners, moving up about 2.2%, while other close peers show flat to negative moves. With only one peer in momentum and no same-day peer news, trading in OMSE looks more company-specific than sector-driven.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Investor conference	Positive	+3.9%	CEO presented record cash position, zero debt and global growth plans.
Jan 28	Order wins	Positive	-0.4%	US$2.2M specialty connector orders from UAE, Pakistan and Indonesia.
Jan 15	Certification win	Positive	+0.4%	OMS Saudi earned API Specification 6A certification for wellhead services.
Nov 26	Certification win	Positive	-1.5%	Indonesian unit obtained API Spec 11D1 certification for packers.
Nov 21	Interim results	Positive	-4.3%	Reported H1 FY26 revenue, net profit, strong cash and operating cash flow.

Pattern Detected

Recent history shows OMSE often posting muted or negative next-day moves even on operationally positive news, with only some announcements producing upside reactions.

Recent Company History

Over the past six months, OMSE has highlighted certifications, international order wins, and strong interim financials. Positive updates—such as API certifications in Saudi Arabia and Indonesia, and new specialty connector orders—have sometimes led to modest gains but also several divergences, where shares fell despite constructive news. The latest US$11 million Saudi Aramco call-off continues this theme of deepening relationships with key national oil companies and building on the record cash position and profitability disclosed on Nov 21, 2025 and the growth narrative reiterated on Mar 10, 2026.

Market Pulse Summary

This announcement underscores OMS’s deepening relationship with Saudi Aramco through a new US$11 mil...

Analysis

This announcement underscores OMS’s deepening relationship with Saudi Aramco through a new US$11 million call-off under a 10-year supply agreement, reinforcing visibility for its specialty connector business. It builds on prior international order wins, new API certifications and interim results showing revenue of $82.8M and net profit of $14.6M. Investors may monitor future call-off volumes, additional certifications, and how the company deploys its strong cash position to expand capacity in Saudi Arabia and other key markets.

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. Not financial advice.

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

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.