NESR - National Energy Services Reunited Corp. reported revenue of USD 398.3 million for the fourth quarter (Q4) of 2025, up 34.9 percent sequentially and 15.9 percent year-over-year. Net income for the quarter was USD 7.8 million. Adjusted net income reached USD 31.9 million, more than doubling sequentially, while adjusted EBITDA was USD 84.4 million, up 32 percent sequentially. For the full year 2025, operating cash flow totaled USD 264.2 million, increasing 15.2 percent year-over-year, and free cash flow was USD 120.8 million. The company’s net debt stood at USD 185.33 million at year-end. NESR, a leading oilfield services provider in the MENA and Asia Pacific regions, highlighted continued demand for its Production Services and Drilling and Evaluation Services, supporting strong financial performance for the period.
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