NESR reports Q4 2025 revenue $398.3M, up 34.9% sequentially; adjusted net income $31.9M, up 106.6%

National Energy Services Reunited Corp.

2025-FY EPS reported $0.52 revenue$1,324,047,000

Revenue $398.3M, up 34.9% sequentially and 15.9% YoY.
Net income $7.8M; adjusted net income $31.9M, up 106.6% sequentially.
Adjusted EBITDA $84.4M, up 32.0% sequentially; FY 2025 free cash flow $120.8M.
Diluted EPS $0.08; adjusted diluted EPS $0.32, up 105% sequentially.
Operating cash flow for FY 2025 $264.2M, up 15.2% YoY.

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