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 RMB 50.282 billion, an increase of 4.1% year-on-year; net profit attributable to the owners of the company was RMB 3.842 billion, an increase of 22.47% year-on-year; earnings per share were RMB 0.8051; a final dividend of RMB 0.2825 per share is proposed. The announcement stated that revenue from drilling services increased by 12.9% year-on-year, mainly due to the improved utilization rate of drilling platforms and higher operation prices in the North Sea region. Revenue from oilfield technical services remained stable year-on-year. Revenue from ship services increased by 9.0% year-on-year, mainly due to the effective overall planning of ship resources by the company, the expansion of the scale of operated and managed ships, and an increase in the operation volume of both self-owned and leased ships. Revenue from geophysical data acquisition and engineering survey services increased by 0.9% year-on-year, mainly due to a more full equipment workload.