Asian Energy Services Ltd, a leading integrated energy and mining services provider, announced that net profit for the quarter ended December 31, 2025, surged 117 percent year-on-year to INR 17.5 crore on the back of strong project execution, improved operational efficiency, and healthy progress across key projects. Profit after tax (PAT) adjusted for the one-time acquisition cost for 9 months rose 31 percent YoY to INR 25.7 crore.

For the quarter ended December 31, 2025, operating revenue rose to INR 235.4 crore from INR 91.7 crore in Q3 FY25 and INR 102.0 crore in Q2 FY26, representing a growth of 157 percent YoY and 131 percent quarter-on-quarter (QoQ). The surge was driven by strong execution across core services, higher contribution from long-term O&M contracts, and steady momentum in mining and infrastructure services. Q3 FY26 also marked the first full quarter of revenue consolidation from Kuiper, a UAE-based subsidiary of Asian Energy, significantly enhancing scale, capabilities, and the oil & gas segment growth trajectory.

Earnings before interest, tax, depreciation, and amortization (EBITDA) for Q3 FY26 rose to INR 28.3 crore from INR 14.7 crore in Q3 FY25 and INR 9.1 crore in Q2 FY26, representing a growth of 93 percent YoY and 211 percent QoQ. Performance improved on the back of better execution efficiency, improved project mix, and a rising share of annuity-led service revenue.

Profit after tax (PAT) for the quarter grew 117 percent YoY to INR 17.5 crore from INR 8.1 crore in Q3 FY25. The results highlight the company’s focus on disciplined growth, margin resilience, and cost optimization.

For the nine months ending December 31, 2025, operating revenue rose to INR 452.8 crore from INR 249.6 crore in 9MFY25, representing an 81 percent YoY growth. EBITDA for 9MFY26 stood at INR 49.3 crore as against INR 38.7 crore in 9MFY25, an increase of 27 percent YoY. Adjusted profit after tax (after adjusting one-time acquisition cost) for 9MFY26 was INR 25.7 crore vs profit of INR 19.6 crore in 9M FY25, representing growth of 31 percent. During the quarter, the company successfully drilled the NM-01 well (1,650 m depth) in the Mewad block in Gujarat and discovered oil, strengthening upstream presence and long-term production/revenue visibility.

As of December 31, 2025, Asian Energy’s standalone order book stood at INR 1,893 crore providing multi-year revenue visibility across seismic services, integrated O&M, mining infrastructure, and energy services. Kuiper—UAE-based subsidiary of Asian Energy—continues to strengthen the company’s international O&M capabilities, particularly across the Middle East and Southeast Asia, while supporting the expansion of annuity-type and longer-duration contracts.

Dr Kapil Garg, Managing Director, Asian Energy Services Ltd, said, “Q3 FY26 marks another step in transforming Asian Energy into an integrated future‑ready platform—one that is sustainable in its growth, scalable in its operations, secure in its fundamentals, and stable across cycles. With stronger earnings visibility, a higher‑quality order book, and disciplined project execution, we continue to build resilience into the business. We remain confident of delivering guidance provided for FY26. The increasing contribution of long‑term operations and maintenance contracts and the integration of Kuiper’s international strengths reinforce this long‑term strategic direction.”

Reverse Merger with Oilmax Energy: Asian Energy is awaiting approval from stock exchanges, and the merger process is likely to be completed in Q3FY27. Going forward, Asian Energy remains focused on enhancing the quality and sustainability of growth through a capital-light operating model, a diversified service portfolio, and improved cash flow visibility. The company continues to integrate its domestic and international capabilities to support long-term value creation.

For more information: www.asianenergy.com