Related Parties (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Related party transactions [abstract] |
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| Summary of Transactions with Key Management Personnel |
i)Transactions with key management personnel
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Successor |
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Successor |
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Successor |
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Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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For the period
June 16, 2023
through
March 31,
2024 |
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For the period
April 1
through
June 15,
2023 |
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US$’000 |
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US$’000 |
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US$’000 |
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US$’000 |
|
Short-term employee benefits |
|
605 |
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520 |
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198 |
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46 |
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| Summary of Relationship with Related Parties |
The Company’s relationship with related parties who had transactions with the Predecessor and the Successor are summarized as follows:
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Related Party Name |
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Relationship to the Predecessor |
Edgen Murray Pte. Ltd. |
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Controlled by ultimate controlling party* |
Howco Metals Management Pte. Ltd. |
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Controlled by ultimate controlling party* |
SC Tubular Solutions (B) Sdn. Bhd. |
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Controlled by ultimate controlling party* |
SC Tubular Solutions Malaysia Sdn. Bhd. |
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Controlled by ultimate controlling party* |
Sumitomo Corporation |
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Ultimate controlling party of the Predecessor* |
Sumitomo Corporation Asia & Oceania Pte. Ltd. |
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Controlled by ultimate controlling party* |
Sumitomo Corporation Capital Asia Pte. Ltd. |
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Controlled by ultimate controlling party* |
Sumitomo Corporation Malaysia Sdn. Bhd. |
|
Controlled by ultimate controlling party* |
OMS Energy Technologies Pte. Ltd. |
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Controlled by ultimate controlling individual, Mr. How, the CEO of Successor |
* These parties ceased to be the Successor’s related parties with effect from June 16, 2023, subsequent to OMSET PL acquiring 100% shares in OMS Holdings Pte. Ltd. from Sumitomo Corporation, the former shareholder.
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| Summary of Goods or Services Rendered to Related Parties |
Goods or services rendered to related parties
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Successor |
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Successor |
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|
Successor |
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Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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For the period
June 16, 2023
through
March 31,
2024 |
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For the period
April 1
through
June 15,
2023 |
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US$’000 |
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|
US$’000 |
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|
US$’000 |
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|
US$’000 |
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SC Tubular Solutions (B) Sdn. Bhd. |
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— |
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— |
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— |
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560 |
|
Sumitomo Corporation Asia & Oceania Pte. Ltd. |
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— |
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— |
|
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— |
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|
395 |
|
SC Tubular Solutions Malaysia Sdn. Bhd. |
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|
— |
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— |
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— |
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260 |
|
Revenue – related parties |
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— |
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— |
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— |
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1,215 |
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| Summary of Goods or Services Provided by Related Parties |
Goods or services provided by related parties
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Successor |
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Successor |
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|
Successor |
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Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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For the period
June 16, 2023
through
March 31,
2024 |
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For the period
April 1
through
June 15,
2023 |
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US$’000 |
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US$’000 |
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|
US$’000 |
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|
US$’000 |
|
Howco Metals Management Pte. Ltd. |
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— |
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— |
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— |
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|
23 |
|
SC Tubular Solutions Malaysia Sdn. Bhd. |
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— |
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— |
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— |
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49 |
|
Sumitomo Corporation |
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— |
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— |
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— |
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3 |
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Cost of revenue – related parties |
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— |
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— |
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— |
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75 |
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| Summary of Other Income/(Expenses) |
Other income/(expenses)
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Successor |
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|
Successor |
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|
Successor |
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Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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For the period
June 16, 2023
through
March 31,
2024 |
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For the period
April 1
through
June 15,
2023 |
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US$’000 |
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US$’000 |
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|
US$’000 |
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|
US$’000 |
|
Howco Metals Management Pte. Ltd. |
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— |
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— |
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— |
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38 |
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Sumitomo Corporation |
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— |
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— |
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— |
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(9 |
) |
Other income, net – related parties |
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— |
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— |
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— |
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29 |
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| Summary of Finance Income |
Finance income
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Successor |
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|
Successor |
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|
Successor |
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Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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For the period
June 16, 2023
through
March 31,
2024 |
|
|
For the period
April 1
through
June 15,
2023 |
|
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|
US$’000 |
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|
US$’000 |
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US$’000 |
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|
US$’000 |
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Sumitomo Corporation Capital Asia Pte. Ltd. |
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— |
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— |
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— |
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64 |
|
Sumitomo Corporation Malaysia Sdn. Bhd. |
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— |
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— |
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— |
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1 |
|
OMS Energy Technologies Pte. Ltd. |
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93 |
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— |
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— |
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— |
|
Finance income – related parties |
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|
93 |
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— |
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— |
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65 |
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| Summary of Finance Cost |
Finance cost
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|
Successor |
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|
Successor |
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|
Successor |
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|
Predecessor |
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For the
year ended
March 31,
2026 |
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For the
year ended
March 31,
2025 |
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|
For the period
June 16, 2023
through
March 31,
2024 |
|
|
For the period
April 1
through
June 15,
2023 |
|
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|
US$’000 |
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|
US$’000 |
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|
US$’000 |
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|
US$’000 |
|
Sumitomo Corporation Capital Asia Pte. Ltd. |
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— |
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— |
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— |
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162 |
|
Finance cost – related parties |
|
|
— |
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|
— |
|
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|
— |
|
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|
162 |
|
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| Summary of Loan Due from a Related Party |
Loan due from a related party
|
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|
Successor |
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|
Successor |
|
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As of
March 31,
2026 |
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As of
March 31,
2025 |
|
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|
US$’000 |
|
|
US$’000 |
|
OMS Energy Technologies Pte. Ltd. |
|
|
1,984 |
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1,584 |
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1,984 |
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1,584 |
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