GOWell Acquires WellSense to Expand Global Well Integrity and Fiber Optic Sensing Capabilities

(NASDAQ:GOW) GOWell Energy Technology announced that its Singapore operating subsidiary, GOWell Technology Singapore Pte. Ltd, has completed the acquisition of Well-Sense Holdings Ltd and its subsidiaries. WellSense is a provider of distributed fiber optic sensing and well integrity diagnostic technologies based in Aberdeen, Scotland. The acquisition brings together WellSense's proprietary fiber optic sensing technologies, technical expertise, and established customer relationships with GOWell's global footprint and customer network. The combined organization will be positioned to provide a wide range of advanced well-integrity solutions across international energy markets. WellSense's FiberLine Intervention (Fli) technology has been deployed globally across applications including well integrity, production optimization, and subsurface diagnostics. The financial terms of the transaction were not disclosed. The acquisition was funded from GOWell’s existing cash. This acquisition extends GOWell’s well integrity portfolio from point measurements to continuous distributed fiber optic sensing (DFOS). The integration will combine fiber diagnostics and GOWell’s well integrity measurements, aiming to locate and characterize problems more precisely and efficiently. WellSense’s drop-in deployment model aligns with GOWell’s approach of delivering technology through its service company partners. The integration will focus on customer continuity, operational excellence, and long-term growth. Guillaume Borrel, Chief Executive Officer of GOWell, stated that WellSense is GOWell’s first acquisition as a public company and that its field-proven fiber sensing technology is now supported by GOWell’s global manufacturing platform and technical support. Annabel Green, Chief Executive Officer of WellSense, commented that joining GOWell provides an opportunity for employees, customers, and partners, and offers a platform to grow the business and broaden access to WellSense’s technologies.

GOWell Energy Technology Reports Operating Subsidiary’s First Half 2026 Financial Results and Provides Corporate Update

(NASDAQ:GOW) GOWell Energy Technology announced the first half 2026 financial results for its wholly-owned subsidiary, GOWell Technology Limited (GTL), and provided an updated outlook for the full year 2026. Total revenue for the first half of 2026 increased 43% to $33.8 million compared to $23.6 million in the first half of 2025, driven by a $9.0 million increase in equipment sales and $1.2 million in service revenue. Operating profit rose 135% to $9.1 million from $3.9 million. Net profit increased 38% to $3.7 million from $2.7 million, with higher operating profit partly offset by $4.3 million in finance costs, mainly related to redeemable preferred shares, and a $1.6 million fair value loss on derivatives. Adjusted EBITDA grew 79% to $14.1 million from $7.9 million in the first half of 2025, supported by revenue growth and operating leverage. For the six months ended June 30, 2026, revenues from third parties were $33,476,516 and from related parties were $284,216, totaling $33,760,732. Cost of revenues was $13,980,807, resulting in a gross profit of $19,779,925. Selling and marketing expenses were $3,271,668, general and administrative expenses were $6,750,787, and research and development expenses were $623,322, leading to total operating expenses of $10,645,777. Finance income was $9,570, finance cost was $4,343,318, and other income, net, was $10,646. Profit before income tax expense was $4,811,046, and income tax expense was $1,111,649. Net profit for the period was $3,699,397, with total comprehensive income of $3,621,119. Net profit per ordinary share was $0.12, with a weighted average of 30,000,000 shares outstanding. As of June 30, 2026, total assets were $94,366,905 and total liabilities were $48,537,198, resulting in total equity of $45,829,707. GOWell reiterated its full fiscal year 2026 revenue guidance in the range of $60 million to $68 million, representing an increase of approximately 27% to 44% over the $47.2 million reported for fiscal year 2025. Adjusted EBITDA guidance for the full year 2026 is reiterated in the range of $25 million to $29 million, an increase of approximately 40% to 63% over the $17.8 million reported for fiscal year 2025. The company completed its business combination with Inflection Point Acquisition Corp. V. and began trading on Nasdaq. GOWell will host a webinar on October 21 at 10 a.m. Eastern Time to discuss these results, led by CEO Guillaume Borrel, CFO Mike Reed, and VP of Corporate Development David MacNeill.