Anton Oilfield Services reports Q3 new orders dip despite global expansion

Anton Oilfield Services Group's new orders in the third quarter of 2025 totaled approximately 1,272.9 million yuan, a 14.4% year-on-year decrease. This decline was primarily driven by a 54.4% decrease in new orders from other overseas markets (160.6 million yuan) and a 10.2% decrease in the Chinese market (570.1 million yuan). The Iraq market, however, showed an 8.4% increase in new orders, reaching approximately 542.2 million yuan.

As of September 30, 2025, the group's total order backlog stood at approximately 16,372.1 million yuan. The Chinese market accounted for 7,765.0 million yuan (47.4%), followed by Iraq at 7,053.4 million yuan (43.1%), and other overseas markets at 1,553.7 million yuan (9.5%).

Throughout the third quarter, Anton Oilfield Services advanced its "Technical Service Operator" strategic positioning, focusing on technology investment for resource acquisition and development. The group also launched its Dubai Global Operations Center in September to enhance global resource coordination and expand its business footprint.