0001193125-26-282941 | 20-F | XBRL Viewer | OMS Energy Technologies INC

A contract asset is recognized when the Predecessor and the Successor’s right to consideration is conditional on something other than the passage of time. A contract asset is subject to impairment (see Note 2.4(b)).

Description of Accounting Policy for Current Tax Explanatory

omse_DescriptionOfAccountingPolicyForCurrentTaxExplanatory

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. The amount of current tax payable or receivables is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. Current tax also includes any tax arising from dividends. Current tax assets and liabilities are offset only if certain criteria are met.

Description of accounting policy for standards issued but not yet effective explanatory [policy text block]

omse_DescriptionOfAccountingPolicyForStandardsIssuedButNotYetEffectiveExplanatoryPolicyTextBlock

2.22.

Standards issued but not yet effective

A number of new accounting standards are effective for the annual reporting periods beginning after April 1, 2025 and earlier application is permitted. However, the Group has not early adopted the following new or amended accounting standards in preparing these consolidated financial statements.

IFRS 18 Presentation and Disclosure in Financial Statements

IFRS 18 will replace IAS 1 Presentation of Financial Statements and applies for annual periods beginning on or after January 1, 2027. The new standard introduces the following key new requirements.

•

Entities are required to classify all income and expenses into five categories in the statement of profit or loss, namely the operating, investing, financing, discontinued operations and income tax categories. Entities are also required to present a newly-defined operating profit subtotal. Entities' net profit will not change.

•

Management-defined performance measures (MPMs) are disclosed in a single note in the financial statements

•

Enhanced guidance is provided on how to group information in the financial statements.

In addition, all entities are required to use the operating profit subtotal as the starting point for the statement of cash flows when presenting operating cash flows under the indirect method.

The Group is still in the process of assessing the impact of the new standard, particularly with respect to the structure of the Group’s statement of profit or loss, the statement of cash flows and the additional disclosures required for MPMs.

Other accounting standards

The following new and amended IFRS Accounting Standards are not expected to have a significant impact on the Group's consolidated financial statements.

•

Lack of Exchangeability (Amendments to IAS 21)

•

Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)

•

Annual Improvements to IFRS Accounting Standards Volume 11

•

Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7)

•

Subsidiaries without Public Accountability: Disclosures (Amendments to IFRS 19)

•

Translation to Hyperinflationary Presentation Currency (Amendments to IAS 21)

Right Of Use Assets Recognised As Of Acquisition Date

omse_RightOfUseAssetsRecognisedAsOfAcquisitionDate

$ 5,582,000

Other Assets Recognised As Of Acquisition Date

omse_OtherAssetsRecognisedAsOfAcquisitionDate

5,006,000

Amount Due To Related Parties Recognized As OF Acquisition Date

omse_AmountDueToRelatedPartiesRecognizedAsOFAcquisitionDate

8,845,000

Tax Provision Recognised As Of Acquisition Date

omse_TaxProvisionRecognisedAsOfAcquisitionDate

6,267,000

Other Liabilities Recognised As Of Acquisition Date

omse_OtherLiabilitiesRecognisedAsOfAcquisitionDate

11,743,000

Purchase Consideration Paid Received

omse_PurchaseConsiderationPaidReceived

$ 2,000,000

Disclosure Of Cash And Cash Equivalents Description Explanatory

omse_DisclosureOfCashAndCashEquivalentsDescriptionExplanatory


	Successor		Successor
	As of March 31, 2026		As of March 31, 2025
	US$’000		US$’000
Cash on hand		9		5
Cash in bank		124,283		54,898
Time deposits		27,693		18,047
Total cash and cash equivalents		151,985		72,950

Disclosure Of Trade Receivables Explanatory

omse_DisclosureOfTradeReceivablesExplanatory


	Successor			Successor
	As of March 31, 2026			As of March 31, 2025
	US$’000			US$’000
Trade receivables		18,998			13,591
Less: Allowance for expected credit losses		(43	)		(124	)
Total trade receivables, net		18,955			13,467

Current Trade Receivables Including Allowance For Expected Credit Losses

omse_CurrentTradeReceivablesIncludingAllowanceForExpectedCreditLosses

$ 18,998,000

Current Trade Receivables Including Allowance For Expected Credit Losses

omse_CurrentTradeReceivablesIncludingAllowanceForExpectedCreditLosses

13,591,000

Allowance For Expected Credit Losses

omse_AllowanceForExpectedCreditLosses

43,000

Allowance For Expected Credit Losses

omse_AllowanceForExpectedCreditLosses

124,000

Allowance For Expected Credit Losses

omse_AllowanceForExpectedCreditLosses

3,000

Interest Charged Outstanding Balances

omse_InterestChargedOutstandingBalances

$ 0

Disclosure of detailed information about prepayments and other assets explanatory [text block]

omse_DisclosureOfDetailedInformationAboutPrepaymentsAndOtherAssetsExplanatoryTextBlock


	Successor		Successor
	As of March 31, 2026		As of March 31, 2025
	US$’000		US$’000
Prepayment, current		2,973		1,230
Goods and services tax receivable, net		636		18
Deposits, current		215		175
Other current assets		617		223
Prepayment and other current assets		4,441		1,646

Prepayment, non-current		118		10
Deferred offering costs		—		981
Deposits, non-current		188		336
Prepayment and other non-current assets		306		1,327

Goods And Services Tax Receivable Net

omse_GoodsAndServicesTaxReceivableNet

$ 636,000

Goods And Services Tax Receivable Net

omse_GoodsAndServicesTaxReceivableNet

18,000

Current Deposits

omse_CurrentDeposits

215,000

Current Deposits

omse_CurrentDeposits

175,000

Deferred offering costs noncurrent

omse_DeferredOfferingCostsNoncurrent

$ 981,000

Lease period

omse_LeasePeriod

3 years

Lease period

omse_LeasePeriod

20 years

Disclosure of operating lease liabilities explanatory

omse_DisclosureOfOperatingLeaseLiabilitiesExplanatory

ii)

Lease liabilities


	Successor		Successor
	As of March 31, 2026		As of March 31, 2025
	US$’000		US$’000
Lease liabilities – current		1,374		1,187
Lease liabilities – non-current		5,067		6,096
Total lease liabilities		6,441		7,283

Disclosure of Amounts Recognized in Profit or Loss Explanatory

omse_DisclosureOfAmountsRecognizedInProfitOrLossExplanatory

iii)

Amounts recognized in profit or loss


	Successor			Successor			Successor			Predecessor
	For the year ended March 31, 2026			For the year ended March 31, 2025			For the period June 16, 2023 through March 31, 2024			For the period April 1 through June 15, 2023
	US$’000			US$’000			US$’000			US$’000
Depreciation charge for right-of-use assets		(1,620	)		(1,412	)		(1,030	)		(140	)
Interest on lease liabilities		(347	)		(221	)		(125	)		(24	)
Expenses relating to short-term lease and low value assets		(2,017	)		(1,769	)		(1,666	)		(390	)

Disclosure of amounts recognized in statements of cash flows explanatory

omse_DisclosureOfAmountsRecognizedInStatementsOfCashFlowsExplanatory

iv)

Amounts recognized in statements of cash flows

          
         Successor

         Successor

         Successor

         Predecessor

          
         For the
year ended
March 31,
2026

         For the
year ended
March 31,
2025

         For the period
June 16, 2023
through
March 31,
2024

         For the period
April 1
through
June 15,
2023

Total cash outflow for leases

3,832

3,292

2,615

611

Disclosure of reconciliation of changes in intangible assets other than goodwill [text block]

omse_DisclosureOfReconciliationOfChangesInIntangibleAssetsOtherThanGoodwillTextBlock

Reconciliation of carrying amount


	Software			Other intangible assets		Total
	US$’000			US$’000		US$’000
Successor
Cost:
As at March 31, 2024		1,444			57		1,501
Disposals		(24	)		—		(24	)
As at March 31, 2025		1,420			57		1,477
Additions		523			—		523
Effect of movements in exchange rates		28			—		28
As at March 31, 2026		1,971			57		2,028


	Software			Other intangible assets			Total
	US$’000			US$’000			US$’000
Successor
Accumulated amortization and impairment losses:
As at March 31, 2024		(1,331	)		(44	)		(1,375	)
Additions		(77	)		(7	)		(84	)
Disposals		24			—			24
As at March 31, 2025		(1,384	)		(51	)		(1,435	)
Additions		(65	)		(2	)		(67	)
Effect of movements in exchange rates		(32	)		—			(32	)
As at March 31, 2026		(1,481	)		(53	)		(1,534	)

Carrying amounts:
At March 31, 2025 (Successor)		36			6			42
At March 31, 2026 (Successor)		490			4			494

Disclosure of trade and other payables explanatory [table text block]

omse_DisclosureOfTradeAndOtherPayablesExplanatoryTableTextBlock


	Successor		Successor
	As of March 31, 2026		As of March 31, 2025
	US$’000		US$’000
Trade payables		18,086		5,670
Non-trade payables		896		612
Accruals		6,981		6,731
Goods and services tax payable, net		124		—
Warrant liabilities		88		—
Others		1,180		2,057
Total trade payables and other liabilities		27,355		15,070

Goods and services tax payable net

omse_GoodsAndServicesTaxPayableNet

$ 124,000

Goods and services tax payable net

omse_GoodsAndServicesTaxPayableNet

$ 0

Trade Payable Settlement Term

omse_TradePayableSettlementTerm

30 days

Trade Payable Settlement Term

omse_TradePayableSettlementTerm

90 days

Other Payables Average Term

omse_OtherPayablesAverageTerm

30 days

Other Payables Average Term

omse_OtherPayablesAverageTerm

90 days

Percentage of Warrants Issued to Total Ordinary Shares Issued

omse_PercentageOfWarrantsIssuedToTotalOrdinarySharesIssued

2.50%

Exercise Price of Warrant to Price of Ordinary Shares Offered

omse_ExercisePriceOfWarrantToPriceOfOrdinarySharesOffered

$ 10.8

Percentage of Exercise Price of Warrant to Price of Ordinary Shares Offered

omse_PercentageOfExercisePriceOfWarrantToPriceOfOrdinarySharesOffered

120.00%

Schedule Of Fair value of warrant liability Table Text Block

omse_ScheduleOfFairValueOfWarrantLiabilityTableTextBlock


	Number of warrants		Fair value of warrant liability
			US$’000
As at April 1, 2025		—		—
Warrants issued		92,593		501
Change in fair value		—		(413	)
As at March 31, 2026		92,593		88

Number of Warrants Liabilities

omse_NumberOfWarrantsLiabilities

Number of Warrants Liabilities

omse_NumberOfWarrantsLiabilities

92,593

Number of Warrants Issued

omse_NumberOfWarrantsIssued

92,593

Fair Value of Warrant Liability Warrants Issued

omse_FairValueOfWarrantLiabilityWarrantsIssued

$ 501,000

Number of Warrants Change in Fair Value

omse_NumberOfWarrantsChangeInFairValue

Fair Value of Warrant Liability Change in Fair Value

omse_FairValueOfWarrantLiabilityChangeInFairValue

$ (413,000)

Percentage Of Expected Volatility Higher Or Lower Range

omse_PercentageOfExpectedVolatilityHigherOrLowerRange

5.00%

Carrying Amount Of The Warrant Liabilities

omse_CarryingAmountOfTheWarrantLiabilities

$ 11,000,000

Disclosure of terms and debt repayment schedule [Table Text Block]

omse_DisclosureOfTermsAndDebtRepaymentScheduleTableTextBlock

Terms and debt repayment schedule

          
         Successor

         Successor

          
         Original 
Currency

         Year of 
Maturity

         Interest 
rate

         As of
March 31,
2026

         As of
March 31,
2025

Lease liabilities

USD/MYR/
SAR/THB/
BND

2027 to
2040

2.84% to
8.00%

6,441

7,283

Lease Liabilities, Original Currency

omse_LeaseLiabilitiesOriginalCurrency

USD/MYR/SAR/THB/BND

Lease Liabilities, Maturity

omse_LeaseLiabilitiesMaturity

2027

Lease Liabilities, Maturity

omse_LeaseLiabilitiesMaturity

2040

Lease Liabilities, Interest Rate

omse_LeaseLiabilitiesInterestRate

284.00%

Lease Liabilities, Interest Rate

omse_LeaseLiabilitiesInterestRate

800.00%

Increase (decrease) in payment of interest arising from financing activities