On March 31, 2026, KOIL Energy Solutions, Inc. (OTCQB: KLNG) announced its financial results for the fourth quarter and full year of 2025, highlighting a record revenue of $7.3 million for the quarter. This figure represents a 22% increase compared to the same quarter last year and a 14% increase from the previous quarter. The growth was attributed to significant year-over-year increases in both service revenue and fixed-priced contracts, which rose by 24% and 21%, respectively. The company’s President and CEO, Erik Wiik, expressed confidence in the company's growth initiatives, which have led to a profitable EBITDA margin of 10%. Despite a slight decline in gross profit margin to 35%, the company remains focused on long-term growth, investing heavily in new rental equipment and the development of intellectual property. For the full year 2025, KOIL reported total revenues of $24 million, marking a 6% increase year-over-year. However, adjusted EBITDA decreased to $1 million from $3.5 million in 2024, primarily due to investments in growth initiatives. The company is set to refine its growth strategy and present ambitious goals for 2030 at an upcoming investor conference in Houston on May 7-8, 2026, coinciding with the Offshore Technology Conference (OTC).

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.