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KOIL Energy posts 56% revenue growth in Q1 2026, driven by new contracts and service projects.

Company Fundamentals
15 May 2026
GlobeNewsWire
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Bullish
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KOIL Energy Solutions reported a 56% year-over-year revenue increase to $8.2 million in Q1 2026, fueled by fixed-price contracts and service projects. Gross profit rose to $2.6 million with a 32% margin, while adjusted EBITDA reached $572,000. The company secured significant contracts in offshore manufacturing, subsea distribution, and installation monitoring, supporting its strategy to become an integrated system supplier. KOIL expects sustainable growth, boosted by new clients and expanding subsea market opportunities, especially in subsea tie-back projects.

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