Revenue

12 Months Ended

Mar. 31, 2025

Revenue [abstract]

Revenue

19.REVENUE

i)Disaggregated revenue

	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
Revenue
Sale of oilfield equipment products
Specialty connectors and pipes		143,091		113,531		5,114		48,581
Surface wellhead and Christmas tree		8,675		6,750		3,017		3,840
		151,766		120,281		8,131		52,421
Rendering of premium threading and other ancillary    services
Premium threading services		36,832		31,088		7,625		33,549
Other ancillary services		15,009		11,898		2,426		11,492
		51,841		42,986		10,051		45,041
		203,607		163,267		18,182		97,462
Timing of revenue recognition
Products transferred at a point in time		151,766		120,281		8,131		52,421
Services transferred at a point in time		51,841		42,986		10,051		45,041
		203,607		163,267		18,182		97,462
Revenue by geographic location
Saudi Arabia		141,084		112,015		3,544		46,633
Singapore		19,407		19,011		4,577		18,094
Malaysia		15,265		11,102		3,402		12,976
Thailand		11,399		7,603		2,367		8,861
Indonesia		13,555		11,154		3,740		8,664
Others		2,897		2,382		552		2,234
		203,607		163,267		18,182		97,462

ii)Contract assets

Contract assets primarily relate to the Predecessor and the Successor’s right for consideration for work completed.

	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
Balance at beginning of period		1,730			225			1,364			672
Transferred to trade receivables		(1,730	)		(225	)		(1,364	)		(672	)
Recognized as revenue		983			1,730			225			1,364
Balance at end of period		983			1,730			225			1,364