| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 8.17 | 55.6% |
| Total Income | 8.17 | 55.6% |
| Expenditure | 7.90 | 48.2% |
| PBT | 0.27 | 1450.0% |
| Net Profit | 0.24 | 900.0% |
| OPM | 3.34% | 4.77pp |
| NPM | 2.95% | 3.50pp |
| EPS | 0.02 |
KOIL Energy Reports Q1 2026 Revenue of $8.2 Million, Up 56% Y-o-Y
19 May 2026 · 19 May, 2:36 am
Summary
KOIL Energy Solutions announced its first quarter 2026 results, reporting revenue of $8.2 million, a 56% increase compared to the first quarter of 2025. This growth was attributed to increased fixed-price contract activity and service projects. Gross profit reached $2.6 million, or 32% of revenues. The company also secured significant contracts, including a manufacturing contract and a subsea distribution system contract. Management believes its growth trajectory is sustainable, with new clients contributing significantly to the quarter's revenue.
Key Highlights
- 1
KOIL Energy Solutions reported first quarter 2026 revenue of $8.2 million, a 56% increase year-over-year.
- 2
The company's growth was driven by a significant increase in fixed-price contract activity and contributions from service projects.
- 3
Gross profit for the quarter totaled $2.6 million, representing 32% of revenues, compared to 31% in the first quarter of 2025.
- 4
Adjusted EBITDA was 7% of revenue, resulting in a gain of $572,000.
- 5
KOIL secured a significant manufacturing contract with an international offshore installation company.
- 6
The company was also awarded a contract to supply a subsea distribution system for a deepwater project in the Gulf of America.
- 7
Revenue from new clients added to the portfolio last year contributed about 25% of revenue in the first quarter of 2026.
Management Comments
Erik Wiik
"I’m extremely proud of the KOIL team delivering another record revenue quarter. In the first quarter, we achieved revenue of $8.2 million, representing a 56% year-over-year increase," said Erik Wiik, President and Chief Executive Officer of KOIL Energy. " This was driven by a winning sales team and an outstanding operations crew."
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