After a slowdown in revenue growth and margin contraction in 2025, we expect inorganic growth will be the main growth driver for OTL in 2026. The Well Services division is expected to be the main earnings growth engine, driving both topline growth and margin expansion in the forecast period. Following the self-imposed dividend pause for this and the next quarter, we expect the quarterly dividend to be reinstated in H2’26 and dividends to increase in 2027-28, driven by higher earnings. Our TP of ....
