Anton Oilfield Services Group released its unaudited operational update for the three months ended 30 June 2026, highlighting resilient order growth, deepening market diversification and a record order backlog despite geopolitical headwinds in the Middle East.
New Orders Edge Higher, Mix Shifts Geographically • Total new orders rose 3.2% year on year to RMB 3.11 billion. • Iraq contributed RMB 632.20 million, down 65.10% due to delayed tenders and the expiry of the Majnoon integrated management contract. • Other overseas markets surged, with orders jumping 441.00% to RMB 1.55 billion on wins in Kuwait (integrated O&M for northern production facilities), Algeria, Chad and Kazakhstan. • China generated RMB 925.50 million, up 1.30%, underpinned by traditional oilfield services and a new ultra-fast charging infrastructure project for new-energy heavy-duty trucks. The first phase of this nine-year project added RMB 242.00 million to Q2 orders.
Order Backlog at Historical High As at 30 June 2026, order backlog stood at RMB 18.52 billion, comprising: • Iraq – RMB 7.29 billion (39.3%) • Other overseas markets – RMB 2.43 billion (13.2%) • China – RMB 8.80 billion (47.5%)
Operational Performance Geopolitical tensions in the Middle East slowed certain asset-heavy projects in Iraq, but asset-light O&M work continued largely uninterrupted. The Dhufriyah oilfield recorded its first successful well, and joint management committees agreed on subsequent drilling plans. Elsewhere, Chad’s mud services and Libya’s sand-control projects delivered solid results, while in China, enhanced fracturing lifted stimulated reservoir volume by over 10% and the Ziyang OCTG maintenance base began operations with 90,000-pipe annual capacity.
Capital Management and ESG Progress Shareholders received a 2025 final dividend of RMB 0.037 per share, totaling approximately RMB 112.00 million—up 53.40% year on year. In June, HKEX granted written consent for the proposed spin-off and listing of subsidiary T-ALL Inspection, marking Anton’s first asset-securitisation initiative. The Group was again included in the S&P Global Sustainability Yearbook (China Edition) 2026 and shortlisted for an international “Workplace Wellbeing” award, underscoring consistent ESG performance.
Outlook for Q3 2026 Management anticipates heightened energy-market volatility amid renewed Middle East tensions but expects sustained upstream investment and infrastructure demand. Priorities include: 1. Iraq – support project restarts and pursue delayed tenders. 2. Overseas – accelerate penetration in GCC, North Africa, Central Asia and Southeast Asia. 3. China – deepen oilfield stimulation, mature-field development and new-energy infrastructure. 4. Technology – expand digital, intelligent and AI-driven solutions; strengthen IP portfolio and partnerships. 5. Corporate – advance T-ALL Inspection’s spin-off listing and continue cost, capital and risk-management initiatives.
All operational figures are unaudited and subject to adjustments in subsequent financial disclosures.
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