Anton Oilfield Services Group reports strong H1 2025 growth, profit up 55.9%

Anton Oilfield Services Group reported robust performance in the first half of 2025, with revenue climbing 20.9% year-on-year to approximately RMB2,631.1 million, up from RMB2,176.3 million in H1 2024. Net profit attributable to equity holders saw a notable increase of 55.9%, reaching RMB165.1 million compared to RMB105.9 million in the prior period. The company secured strong new orders totaling approximately RMB4,752.8 million, with overseas markets contributing 65.7% (RMB3,124.0 million). As of June 30, 2025, the order backlog stood at approximately RMB16.4 billion.

Revenue from overseas markets grew 11.1% to RMB1,679.5 million, with the Iraq market alone accounting for RMB1,447.2 million, a 16.6% increase. Domestic market revenue surged 43.0% to RMB951.5 million. Oilfield technical services generated RMB1,205.9 million in revenue, an increase of 22.9%, while oilfield management services contributed RMB1,001.1 million, up 11.2%.

The group’s strategic initiatives included deepening globalization, with Dubai as the operational headquarter, and enhancing its global supply chain. They also focused on Oil & Gas Development and Utilization Enhancement Integrated Solutions, incorporating AI and data-driven empowerment to boost efficiency. Capital expenditure for H1 2025 was approximately RMB156.6 million, and R&D expenditure reached RMB56.1 million. The group’s total employee count increased to 6,827, with 63.4% based overseas.