National Energy Services Reunited Corp.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 10, 2026
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3. ACCOUNTS RECEIVABLE, NET
The following table summarizes the accounts receivable of the Company as of the period end dates set forth below (in US$ thousands):
| As of | ||
|---|---|---|
| June 30, 2026 | December 31, 2025 | |
| Trade receivables | $224,110 | $191,792 |
| Less: allowance for credit losses | (15,278) | (13,772) |
| Total | $208,832 | $178,020 |
Trade receivables relate to the sale of services, for which credit is extended based on the Company’s evaluation of the customer’s creditworthiness. The movement in the allowance for credit losses is as follows (in US$ thousands):
| For the three-month period ended | For the six-month period ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| Allowance for credit losses at beginning of period | $(14,210) | $(15,030) | $(13,772) | $(15,206) |
| (Increase) decrease to allowance for the period | (1,304) | 766 | (1,784) | 782 |
| Write-off of credit losses | 236 | 356 | 278 | 516 |
| Allowance for credit losses at end of period | $(15,278) | $(13,908) | $(15,278) | $(13,908) |
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