Cash GenerationVery strong cash conversion and a 68.4% rise in free cash flow provide durable funding for maintenance capex, tech investment, debt servicing and dividends. Robust operating cash flow versus earnings reduces refinancing risk and supports strategic reinvestment through cycles.
Improving ProfitabilityRising gross and net margins with stable EBIT/EBITDA indicate improving operational efficiency and pricing power in service lines. Sustained margins enable reinvestment in high-return services, support resilient free cash flow, and strengthen long-term competitiveness.
Integrated Service Market PositionBroad integrated offerings across drilling, completion and production enhancement plus partnerships with major oil companies create cross-sell opportunities and contract stickiness. This diversified service mix supports recurring revenue and a defensible market position over multiple cycles.