Anton Oilfield Services Group reported that international crude oil prices showed significant volatility in the fourth quarter of 2025, reflecting fluctuating supply-demand fundamentals and geopolitical uncertainties. Global natural gas demand, however, remained robust, particularly in Asia and the Middle East.

During the period, new orders reached RMB2,084.1 million — down 20.0% year-on-year. In Iraq, orders totaled RMB1,167.1 million, decreasing 30.5% due to a high base from a large integrated services project in the same period last year. Other overseas markets recorded RMB256.7 million in new orders, a 525.8% increase bolstered by drilling fluids and workover services. The China market contributed RMB660.1 million, down 29.1% due to shifts in tender schedules.

The company’s order backlog stood at RMB16,755.6 million as of December 31, 2025. Of this, Iraq accounted for RMB7,253.7 million (43.3% of the total), other overseas markets RMB1,633.5 million (9.7%), and China RMB7,868.4 million (47.0%). Operationally, major oilfield projects advanced steadily in Iraq, and a key milestone was achieved in North Africa, where the Group completed its first sand control well operation. In China, the company recorded incremental breakthroughs in drilling and stimulation projects.

Management continued efforts to bolster global operational capacity, optimize human resource systems, and enhance digital management, leading to favorable cash flow performance. The Group also received an “ESG Special Recognition Award – with Merit” from a Hong Kong-based awards program, highlighting its ongoing green transformation initiatives.

Looking ahead, the company anticipates continued volatility in the oil market and sustained demand growth in natural gas. It plans to strengthen its global presence across three core regions — China, Iraq, and other international markets — and intensify efforts in digitalization and AI-driven solutions to enhance operational efficiency and adaptability in the first quarter of 2026.