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National Energy Services Reunited (NESR) investor relations material

National Energy Services Reunited Lytham Partners Fall 2025 Investor Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Lytham Partners Fall 2025 Investor Conference summary30 Sep, 2025

Company overview and market positioning

  • Operates as the only pure play Middle East energy services provider, with 75%-80% of revenue from Saudi Arabia, U.A.E., Oman, and Kuwait.

  • Formed via SPAC in 2017, combining Gulf Energy and NPS to create a diversified oilfield services company.

  • Offers 20+ product and service lines, focusing on production services (70% of revenue) and drilling/evaluation (30%).

  • Employs over 6,500 people across 16 countries, serving major national oil companies like Saudi Aramco.

  • Aims to be top three in every service segment within three years, already leading in core production services.

Growth, financial performance, and stability

  • Achieved 20% annual revenue growth since inception, reaching $1.3B, with visibility to $2B in 18 months.

  • Outperformed regional growth (5% CAGR) and peers, with a 15% CAGR over five years.

  • Maintains leading margins and free cash flow, with a 10% free cash margin and double-digit free cash flow yield.

  • Deleveraged balance sheet after initial growth and acquisitions, now positioned for further expansion.

  • Relisted on NASDAQ in October 2024 after financial restatement and remediation of material weaknesses.

Technology strategy and innovation

  • Pursues an open technology platform, partnering globally to bring advanced solutions to the Middle East.

  • Leverages local manufacturing, academic partnerships, and rapid technology adoption to serve national oil companies.

  • Focuses on decarbonization (NEDA business), targeting a $5B+ TAM by 2030 in water, emissions, geothermal, and CCOS.

  • Expanding into high-margin tier one directional drilling, a $2.5B TAM niche in the region.

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Q3 202518 Nov, 2025
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Frequently asked questions

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It offers drilling services from land rigs and platform support vessels; drilling project offshore management services; mud engineering services, such as mud testing and treatment at the rig site; and tool rental services, such as shock tools, cementing equipment and packers, fishing tools, casing equipment, completions products and other auxiliary equipment rentals.

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