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v3.25.2

Related Parties (Tables) | 12 Months Ended
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Mar. 31, 2025
Related party transactions [abstract] |
Summary of Transactions with Key Management Personnel | i) Transactions with key management personnel
|  | Successor |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Short-term employee benefits |  | 520 |  |  | 198 |  |  |  | 46 |  |  |  | 354 |
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:
Related Party Name |  | Relationship to the Predecessor
Edgen Murray Pte. Ltd. |  | Controlled by ultimate controlling party*
Howco Metals Management Pte. Ltd. |  | Controlled by ultimate controlling party*
SC Tubular Solutions (B) Sdn. Bhd. |  | Controlled by ultimate controlling party*
SC Tubular Solutions Malaysia Sdn. Bhd. |  | Controlled by ultimate controlling party*
Sumitomo Corporation |  | Ultimate controlling party of the Predecessor*
Sumitomo Corporation Asia & Oceania Pte. Ltd. |  | Controlled by ultimate controlling party*
Sumitomo Corporation Capital Asia Pte. Ltd. |  | Controlled by ultimate controlling party*
Sumitomo Corporation Malaysia Sdn. Bhd. |  | Controlled by ultimate controlling party*
OMS Energy Technologies Pte. Ltd. |  | 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.
Summary of Goods or Services Rendered to Related Parties | Goods or services rendered to related parties
|  | Successor |  |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
SC Tubular Solutions (B) Sdn. Bhd. |  |  | — |  |  |  | — |  |  |  | 560 |  |  |  | 2,250 |
Sumitomo Corporation Asia & Oceania Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | 395 |  |  |  | 486 |
Howco Metals Management Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Sumitomo Corporation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |
SC Tubular Solutions Malaysia Sdn. Bhd. |  |  | — |  |  |  | — |  |  |  | 260 |  |  |  | 987 |
Revenue – related parties |  |  | — |  |  |  | — |  |  |  | 1,215 |  |  |  | 3,728 |
Summary of Goods or Services Provided by Related Parties | Goods or services provided by related parties
|  | Successor |  |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Howco Metals Management Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | 58 |
SC Tubular Solutions Malaysia Sdn. Bhd. |  |  | — |  |  |  | — |  |  |  | 49 |  |  |  | 151 |
Sumitomo Corporation |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 40 |
Sumitomo Corporation Asia & Oceania Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 544 |
Cost of revenue – related parties |  |  | — |  |  |  | — |  |  |  | 75 |  |  |  | 793 |
Summary of Other Income/(Expenses) | Other income/(expenses)
|  | Successor |  |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Howco Metals Management Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | 38 |  |  |  | 278 |
SC Tubular Solutions Malaysia Sdn. Bhd. |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Sumitomo Corporation |  |  | — |  |  |  | — |  |  |  | (9 | ) |  |  | (114 | )
Other income, net – related parties |  |  | — |  |  |  | — |  |  |  | 29 |  |  |  | 169 |
Summary of Finance Income | Finance income
|  | Successor |  |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Sumitomo Corporation Capital Asia Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | 64 |  |  |  | 97 |
Sumitomo Corporation Asia & Oceania Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40 |
Sumitomo Corporation Malaysia Sdn. Bhd. |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 67 |
Finance income – related parties |  |  | — |  |  |  | — |  |  |  | 65 |  |  |  | 204 |
Summary of Finance Cost | Finance cost
|  | Successor |  |  | Successor |  |  | Predecessor |  |  | Predecessor |
|  | 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 |  |  | For the year ended March 31, 2023 |
|  | US$’000 |  |  | US$’000 |  |  | US$’000 |  |  | US$’000 |
Sumitomo Corporation Capital Asia Pte. Ltd. |  |  | — |  |  |  | — |  |  |  | 162 |  |  |  | 1,759 |
Finance cost – related parties |  |  | — |  |  |  | — |  |  |  | 162 |  |  |  | 1,759 |
Summary of Amount Due from a Related Party | Amount due from a related party
|  | Successor |  |  | Successor |
|  | As of March 31, 2025 |  |  | As of March 31, 2024 |
|  | US$’000 |  |  | US$’000 |
OMS Energy Technologies Pte. Ltd. |  |  | 1,584 |  |  |  | 1,585 |
|  |  | 1,584 |  |  |  | 1,585 |

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