Koil Energy Solutions reports 22% revenue growth to $6.4 million in Q3 2025
Reuters
Nov 14, 2025
Koil Energy Solutions reports 22% revenue growth to $6.4 million in Q3 2025
Koil Energy Solutions Inc. reported third quarter 2025 revenue of $6.4 million, a 22% increase compared to both the previous quarter and the same period last year. Gross profit was $2.1 million, representing a gross margin of 32%, down from 40% in the third quarter of 2024. Service revenue grew by 33% and product sales increased by 15% year-over-year. Adjusted EBITDA margin was -3%, or a loss of $0.2 million, mainly due to a write-off of a $0.6 million receivable from a UK client. Selling, general, and administrative expenses rose to $2.5 million, up $0.9 million from the prior year. Business developments included successful entry into the renewables sector with a subsea power cable project for an offshore wind farm and the award of initial contracts in Brazil involving a maintenance survey and equipment rental.
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