CHINA OILFIELD (02883) announced its annual performance, with a net profit attributable to shareholders of 3.841 billion yuan, an increase of 22.47% year-on-year.

CHINA OILFIELD (02883) announced its annual performance as of December 31, 2025. The company achieved a revenue of 50.282 billion yuan, an increase of 4.1% year-on-year; net profit attributable to the owners of the company was 3.842 billion yuan, an increase of 22.47% year-on-year; earnings per share were 0.8051 yuan; it is proposed to distribute a final dividend of 0.2825 yuan per share. The announcement stated that the revenue of the drilling services business increased by 12.9% year-on-year, mainly due to the increase in the utilization rate of drilling platforms this year, and the operating prices in the North Sea region have also risen. Revenue from oilfield technical services remained basically stable year-on-year. Revenue from ship services business increased by 9.0% year-on-year, mainly due to the effective coordination of company's ship resources, the expansion of the scale of managing and operating ships, and an increase in the operation volume of both owned and chartered ships. Revenue from seismic data acquisition and engineering survey services increased by 0.9% year-on-year, mainly due to the relatively full equipment workload.