Anton Oilfield Services Group (3337) investor relations material

Executive summary

• Revenue grew 17.2% year-over-year to RMB5,571.7 million, with net profit up 48.8% to RMB383.2 million and profit attributable to equity holders up 53.8% to RMB373.1 million.

• Free cash flow reached RMB1,043.4 million, and cash on hand was RMB2,610.0 million at year-end.

• Overseas markets contributed 66.4% of total revenue, with Iraq accounting for 56.5%.

• The business was reorganized into three segments: Integrated Oilfield Technical Services, Intelligent Management Services, and Energy Asset Operation Business.

• Final dividend proposed at RMB0.0373 per share, up 53.4% year-over-year.

Financial highlights

• Gross profit increased to RMB1,593.7 million from RMB1,403.1 million year-over-year.

• Operating profit rose 8.2% to RMB712.1 million; operating margin was 12.8%.

• Net operating cash inflow was RMB1,369.7 million, up 3.4% year-over-year.

• Gearing ratio was 56.0%, up 0.9 percentage points from prior year.

• Average accounts receivable turnover improved to 164 days, inventory turnover to 46 days.

Outlook and guidance

• The company expects continued global expansion, focusing on emerging markets in North Africa, Middle East, Central Asia, and Southeast Asia.

• Plans to maintain steady growth in integrated oilfield technical services and accelerate intelligent management services and energy asset operation business.

• Management will prioritize cash flow, digital transformation, and talent strategy.

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