News

TWMA Announces Q2 Results.

TWMA Announces Q2 Results

01 September 2025

We’re pleased to share our Q2 2025 results, delivering $18.6M in revenue and $5.1M EBITDA. These results reflect the success of our activities in the UAE and the growing adoption of our RotoMill technology.
 
Highlights from the quarter:
 
→ In the UAE, drilling operations across all four islands for the Upper Zakum project drove over 200% revenue growth in the region.
→ Construction of our new onshore processing facility – set to be the largest of its kind globally – remains on track, with first drill cuttings expected in Q3 2025.
→ In Egypt, we achieved a significant milestone: 15 years without a Lost Time Incident (LTI), alongside continued strong performance from our onshore facility and RotoMill operations.
 
Read the full announcement here.