GOWell Energy Technology Reports Operating Subsidiary’s First Half 2026 Financial Results and Provides Corporate Update
Key Highlights
- ➤Revenue $33.8 million, up 43% year over year in first-half 2026
- ➤Operating profit $9.1 million, up 135% year over year
- ➤Adjusted EBITDA $14.1 million, up 79% year over year
- ➤GOWell reiterates fiscal 2026 revenue guidance of $60 million-$68 million
- ➤GOWell completed its business combination and began Nasdaq trading under GOW
Expert Statements
Guillaume Borrel, Chief Executive Officer of GOWell
“We are pleased to announce a strong start to the year as we generated significant growth across our business during the first half of 2026 with Revenue, Operating Profit and Adjusted EBITDA all displaying significant increases over the prior year”
Guillaume Borrel, Chief Executive Officer of GOWell
“Our journey through 2026 to date has been defined by organizational development, strong operating results and positive momentum in our business which we expect to continue through the second half of 2026.”
Guillaume Borrel, Chief Executive Officer of GOWell
“Our business model and pipeline remain robust as our well-logging technologies bring impactful solutions to the global energy marketplace.”
Mike Reed, Chief Financial Officer of GOWell
“The continued execution of our strategic vision has led GOWell to new heights in 2026.”
Mike Reed, Chief Financial Officer of GOWell
“Our strong financial performance across the first half of 2026 coincides with the closing of our business combination with Inflection Point and beginning of trading on the Nasdaq.”
Mike Reed, Chief Financial Officer of GOWell
“Our transition into the public market gives us access to capital and the visibility to scale our platform as a trusted developer and provider of sensor solutions.”
Mike Reed, Chief Financial Officer of GOWell
“We remain intently focused on advancing our objectives and delivering our solutions efficiently in this time of increased energy volatility”
* Revenue in the first half of 2026 of $33.8 million, a 43% increase compared to the same period of 2025 * Operating Profit was $9.1 million in the first half of 2026, a 135% increase compared to the same period of 2025 * Net profit was $3.7 million in the first half of 2026, a 38% increase compared to the same period of 2025 * For fiscal year 2026, the Company reiterates guidance for total revenue of $60 million to $68 million * Adjusted EBITDA in the first half of 2026 of $14.1 million, a 79% increase compared to the same period of 2025 * GOWell completed its business combination with Inflection Point Acquisition Corp. V on September 25, 2026, and its ordinary shares began trading on Nasdaq on September 28, 2026 under the ticker symbol “GOW” SINGAPORE and HOUSTON, Oct. 21, 2026 (GLOBE NEWSWIRE) -- GOWell Energy Technology (“GOWell” or the “Company”), a global one-stop shop for innovative well-logging solutions in the energy sector, today announced results of GOWell Technology Limited, a Cayman Islands exempted company (“GTL”) and a wholly-owned subsidiary of the Company, for the first half of 2026 and provided an update on its outlook for full year 2026 results. The historical financial results presented in this press release are those of GTL, the target operating company in that certain business combination transaction involving the Company, GTL and Inflection Point Acquisition Corp. V., prior to the effective date of such business combination.
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