Anton Oilfield Services Group (3337) H2 2025 earnings summary

Executive summary

• Revenue reached RMB 5,571.7 million in 2025, up 17.2% year-over-year, with profit attributable to equity holders rising 53.8% to RMB 373.1 million and net profit up 48.8% to RMB 383.2 million.

• Free cash flow hit RMB 1,043.4 million, a 6.5% increase from the previous year, and cash on hand was RMB 2,610.0 million at year-end.

• Completed USD bond repayment, maintaining strong cash flow and ample cash reserves.

• All three business segments and major markets experienced steady growth, with notable breakthroughs in new global markets and overseas markets contributing 66.4% of total revenue.

• Enhanced shareholder returns through increased dividends and share repurchases, with a final dividend proposed at RMB 0.0373 per share, up 53.4% year-over-year.

Financial highlights

• Revenue grew 17.2% year-over-year to RMB 5,571.7 million.

• Profit attributable to equity holders increased 53.8% to RMB 373.1 million; net profit up 48.8% to RMB 383.2 million.

• Free cash flow reached RMB 1,043.4 million, up from RMB 979.7 million in 2024.

• Cash on hand at year-end was RMB 2.61 billion.

• Gross profit increased to RMB 1,593.7 million from RMB 1,403.1 million year-over-year.

Outlook and guidance

• Strategic focus on sustainable development, platform-based ecosystem expansion, and continued global expansion in emerging markets.

• Plans to deliver innovative, customized solutions and expand into new global markets, especially North Africa, Middle East, Central Asia, and Southeast Asia.

• Continued emphasis on a cash-flow-driven, high-efficiency business model and digital transformation.

• Management will prioritize talent strategy.

• Geopolitical risks in the Middle East are being closely monitored.