$OMSE

OMS Energy Technologies Inc.

CIK:0002012219|SEC Filings

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended	10 Months Ended	12 Months Ended
	Jun. 15, 2023	Mar. 31, 2024	Mar. 31, 2026	Mar. 31, 2025
Income statement [line items]
Total revenue	$ 18,182	$ 163,267	$ 155,910	$ 203,607
Cost of sales	(13,155)	(114,525)	(108,680)	(134,620)
Gross profit	5,027	48,742	47,230	68,987
Selling, general and administrative expenses	(1,790)	(8,574)	(12,373)	(9,122)
Operating profit	3,237	40,168	34,857	59,865
Bargain purchase gain		49,429
Total other (expenses)/income, net	(79)	50,204	349	246
Total finance income	74	55	3,593	339
Total finance cost	(200)	(915)	(404)	(284)
Profit before tax	3,032	89,512	38,395	60,166
Income tax expense	(657)	(7,424)	(4,517)	(13,189)
Net profit	2,375	82,088	33,878	46,977
Other comprehensive income:
Foreign currency translation differences	(610)	(1,701)	660	2,258
Changes resulting from actuarial remeasurement of employee benefits oligation	(9)	(33)	(85)	(2)
Other comprehensive income, net of tax	(619)	(1,734)	575	2,256
Total comprehensive income	1,756	80,354	34,453	49,233
Net profit attributable to:
Shareholders of the Company	1,867	80,880	32,208	44,816
Non-controlling interests	508	1,208	1,670	2,161
Total comprehensive income attributable to:
Shareholders of the Company	1,310	79,184	32,403	46,860
Non-controlling interests	446	$ 1,170	$ 2,050	$ 2,373
Basic weighted-average shares outstanding		36,900,000	42,002,230	37,822,500
Diluted weighted-average shares outstanding		36,900,000	42,002,230	37,822,500
Basic earnings per share (as adjusted)		$ 2.19	$ 0.77	$ 1.18
Diluted earnings per share (as adjusted)		$ 2.19	$ 0.77	$ 1.18
Third parties
Income statement [line items]
Total revenue	16,967	$ 163,267	$ 155,910	$ 203,607
Cost of sales	(13,080)	(114,525)	(108,680)	(134,620)
Total other (expenses)/income, net	(108)	775	349	246
Total finance income	9	55	3,500	339
Total finance cost	(38)	(915)	(404)	(284)
Related Parties
Income statement [line items]
Total revenue	1,215
Cost of sales	(75)
Total other (expenses)/income, net	29
Total finance income	65		93
Total finance cost	$ (162)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended	10 Months Ended	12 Months Ended
	Jun. 15, 2023	Mar. 31, 2024	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net profit	$ 2,375	$ 82,088	$ 33,878	$ 46,977
Adjustments for:
Income tax expenses	657	7,424	4,517	13,189
Depreciation of property, plant and equipment	251	3,800	4,679	2,711
Amortization of intangible assets	6	97	67	84
Depreciation of right-of-use assets	140	1,030	1,620	1,412
Loss/(gain) on disposal of property, plant and equipment	0	(357)		111
(Reversal of)/allowance for inventories obsolescence	(6)	(335)	(780)	571
(Reversal of)/allowance for expected credit losses		(3)	(81)	121
Finance costs	200	915	404	284
Finance income	(74)	(55)	(3,593)	(339)
Net gain on fair value changes of financial liabilities at fair value through profit or loss	0	0	(413)	0
Loss/(gain) on unrealized foreign exchange	134	(793)	347	493
Gain on bargain purchase		(49,429)
Changes in operating assets and liabilities:
Trade receivables	(2,727)	(17,961)	(5,407)	18,975
Contract assets	1,139	(1,505)	(749)	764
Inventories	(360)	(20,817)	16,165	(2,329)
Prepayment and other assets	(1,219)	418	(2,401)	809
Trade receivables due from related parties	(428)	284
Trade and other payables	(2,224)	26,157	12,576	(32,239)
Employee benefits obligation	24	11	516	59
Changes in operating assets and liabilities	(2,112)	30,969	61,345	51,653
Interest received	74	55	3,593	339
Income taxes refund			2,398
Income taxes paid	(852)	(6,979)	(13,218)	(11,490)
Net cash provided by/(used in) operating activities	(2,890)	24,045	54,118	40,502
Investing activities
Proceeds from sale of property, plant and equipment		698	2
Cash payment for management buyout		(2,000)
Acquisition of property, plant and equipment	(1,200)	(3,238)	(1,114)	(2,863)
Acquisition of intangible asset		(11)	(523)
(Loan to)/repayment from related parties	20,981	(1,585)	(400)	1
Net cash (used in)/provided by investing activities	19,781	(6,136)	(2,035)	(2,862)
Financing activities
Proceeds from issuance of ordinary shares			30,583
Payment of offering cost			(1,731)
Advances from potential investors		5,000
Proceeds from loans and borrowings	874
Proceeds from loans from related parties	8,845
Repayment of loans from related parties	(28,038)
Repayment of loans and borrowings		(3,874)		(6,504)
Interest paid	(200)	(211)	(404)	(253)
Payment of lease liabilities	(197)	(824)	(1,468)	(1,302)
Net cash provided by/(used in) financing activities	(18,716)	91	26,980	(8,059)
Effect of foreign exchange on cash, cash equivalents and restricted cash	(75)	(2,473)	(592)	820
Net increase/(decrease) in cash, cash equivalents and restricted cash	(1,900)	15,527	78,471	30,401
Cash, cash equivalents and restricted cash at beginning of year/period	31,803	29,903	75,831	45,430
Cash, cash equivalents and restricted cash at end of year/period	29,903	45,430	154,302	75,831
Less: Restricted cash, non-current	1,150	367	340	1,189
Less: Restricted cash, current	1,087	1,593	1,977	1,692
Cash and cash equivalents at end of year/period	$ 27,666	$ 43,470	$ 151,985	$ 72,950

CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONS - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 151,985	$ 72,950
Restricted cash, current	1,977	1,692
Trade receivables, net	18,955	13,467
Contract assets	1,732	983
Inventories, net	17,155	32,546
Prepayment and other current assets	4,441	1,646
Loan due from a related party	1,984	1,584
Total Current Assets	198,229	124,868
Non-current assets:
Restricted cash, non-current	340	1,189
Right-of-use assets, net	7,111	8,086
Property, plant and equipment, net	28,535	32,055
Intangible assets, net	494	42
Deferred tax assets	2,125	2,938
Prepayment and other non-current assets	306	1,327
Total Non-Current Assets	38,911	45,637
Total Assets	237,140	170,505
Current Liabilities:
Trade payables and other liablities	27,355	15,070
Tax payable	1,058	8,200
Lease liabilities, current	1,374	1,187
Total Current Liabilities	29,787	24,457
Non-current Liabilities:
Employee benefits obligation	1,326	827
Lease liabilities, non-current	5,067	6,096
Deferred tax liabilities	3,496	4,217
Provisions	73	321
Total Non-Current Liabilities	9,962	11,461
Total Liabilities	39,749	35,918
Equity
Share capital	4	4
Share premium	100,999	72,648
Retained earnings	90,842	58,634
Accumulated other comprehensive loss	(2,202)	(2,397)
Equity attributable to Shareholders of the Company	189,643	128,889
Non-controlling interests	7,748	5,698
Total equity	197,391	134,587
Total liabilities and equity	$ 237,140	$ 170,505