Anton Oilfield Services Group (3337) Q2 2025 TU earnings summary

Executive summary

• Global oil prices fluctuated due to tariffs, geopolitical tensions, and OPEC+ production, but upstream oil and gas capex remained resilient with growing natural gas demand.

• Focused on five business segments, including marginal oil and gas resource development and AI-powered solutions, to enhance efficiency and value for clients.

• Advanced globalization strategy with new Hong Kong office and treasury company, strengthening global governance and talent development.

• Recognized for ESG leadership, included in S&P Global Sustainability Yearbook (China Edition) 2025 and awarded "2025 China Best Managed Companies" for the third consecutive year.

Financial highlights

• New orders in Q2 2025 reached RMB3,011.8 million, up 14.2% year-over-year.

• Iraq market new orders rose 20.5% year-over-year to RMB1,811.8 million; other overseas markets up 69.3% to RMB286.8 million.

• China market new orders declined 5.4% year-over-year to RMB913.3 million.

• Order backlog as of June 30, 2025, was RMB16,351.7 million, with Iraq accounting for 44.2%, China 46.5%, and other overseas 9.3%.

• Paid out 2024 annual cash dividend of RMB0.025 per share, totaling approximately RMB73.0 million.

Outlook and guidance

• Expects continued industry adjustment in Q3 2025 amid supply-demand shifts, price volatility, and policy changes.

• Plans to accelerate global market expansion, especially in Iraq, Middle East, Africa, and Southeast Asia.

• Will deepen integration of AI and digital technologies, aiming to become a leading global green energy technology service provider.

• Focus on building a resilient global supply chain and enhancing risk control and capital management.