KOIL Energy Solutions reported revenue of $6.4 million in Q3 2025, marking a 22% growth from last quarter and last year. The company’s gross margin was 32%. However, the adjusted EBITDA margin was -3% due to a write-off. KOIL entered the renewables sector and secured its first contracts in Brazil, a key step in its growth strategy.

The company expanded its services into renewables, winning a contract to handle subsea power cables for an offshore wind farm project. Additionally, KOIL secured its first contracts in Brazil, including a maintenance survey on a production vessel and a rental equipment agreement for subsea deployment frames. These contracts are being fabricated in the country, marking progress in the company’s growth strategy.

In Q3 2025, KOIL Energy reported a gross profit of $2.1 million, representing 32% of revenues. However, the adjusted EBITDA was -3% due to a write-off of a receivable. The company’s selling, general, and administrative expenses increased, primarily driven by the write-off.

KOIL Energy remains confident in its long-term growth strategy despite the challenges faced in Q3. The company is proactively managing project contingencies to protect returns and aims to collect the outstanding receivable to boost net profit. Interested parties can join an investor conference call on November 14, 2025, to review the results.

KOIL Energy Solutions is a leading energy services company specializing in subsea equipment and support services for the energy and offshore industries. The company offers innovative solutions to complex challenges in energy production. Forward-looking statements caution investors about potential risks and uncertainties. Financial data for Q3 2025 includes revenue growth, balance sheet information, adjusted EBITDA, and cash flow details. Investors can access the earnings release and conference call replay on the company’s website.

Read more at GlobeNewswire: KOIL Energy Reports Third Quarter 2025 Results