Anton Oilfield Services Group (3337) Q3 2026 earnings summary

Executive summary

• Q3 operations faced Middle East geopolitical disruption, delaying project execution and order confirmation; management emphasized cost control, cash collection and operational resilience.

• Iraq crude-oil marketing qualification expanded the service model across upstream development, oilfield services and downstream monetization.

Financial highlights

• Q3 new orders were ~RMB563.1m, down 55.8% YoY; Iraq ~RMB196.6m, down 63.7%; other overseas ~RMB28.5m, down 82.3%; China ~RMB338.0m, down 40.7%.

• Order backlog at 30 Sep 2026 was ~RMB18,435.5m: China ~RMB8,823.5m (47.9%), Iraq ~RMB7,249.7m (39.3%) and other markets ~RMB2,362.3m (12.8%).

Outlook and guidance

• Q4 priorities include supporting Iraq project resumptions, advancing orders in mature markets, expanding overseas localized platforms and progressing major China projects in technical services, digital services and energy infrastructure.

• Product priorities include oil and gas efficiency, integrated natural gas utilization and on-site intelligence, alongside tailored solutions and global oil and gas development opportunities.

• Q4 receivables collection and end-to-end cash-flow management are priorities; an Employee Share Purchase Plan is planned for launch during the quarter.