Drilling Tools International To Acquire Saltire Energy And Foxley Energy, Stock Up In Pre-Market

Drilling Tools International Corp (DTI) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 PARTICIPANTS Corporate Participants Zach Vaughan – Senior Vice President, Dennard Lascar Associates LLC Wayne Prejean – Chairman & Chief Executive Officer, Drilling Tools International Corp. (US) Michael David Loggie – Founder & Chief Executive Officer, Saltire Energ

Drilling Tools International (DTI) agreed to acquire Saltire Energy and Foxley for £60.3M ($81M) cash and 17.4M shares. The deal aims to expand DTI's international energy tools and services. Closing is subject to SEC and shareholder approvals. A 24-month lock-up agreement was also signed with sellers.

Drilling Tools International (DTI) will acquire Saltire Energy and Foxley Energy for $80M cash and 17.4M shares. Saltire, with 2026 revenue estimated at $50.4M and EBITDA at $22.5M, expands DTI's Eastern Hemisphere revenue to 40%. Deal expected to close in Q1 2027, pending approvals. Sellers will own 30% of DTI stock post-close.

Drilling Tools International Corp. (DTI) agreed to acquire Saltire Energy Limited and Foxley Energy Limited for $80M in cash and 17.4M shares. The deal, expected to close in Q1 2027, will expand DTI's Eastern Hemisphere revenue to 40% and is anticipated to be immediately accretive to earnings. Saltire's 2026 revenue is projected at $50.4M with a 45% EBITDA margin, according to management estimates.

Drilling Tools International (DTI) reported Q2 2026 revenue of $38.1 million, down from $39.4 million a year earlier. Tool rental revenue was $29.6 million and product sales $8.5 million. Net loss was $1.8 million, or $0.05/share. Adjusted EBITDA was $8.4 million and adjusted free cash flow $4.1 million. Full-year 2026 guidance: revenue $155-$170 million, adjusted EBITDA $35-$45 million, adjusted FCF $17-$22 million.

Drilling Tools International Corp. (NASDAQ: DTI) reported Q2 2026 revenue of $38.1 million, including $29.6 million tool rental and about $8.5 million product sales. Net loss attributable to common stockholders was about $1.8 million, or $0.05 per share. Adjusted EBITDA was $8.4 million and adjusted free cash flow $4.1 million. DTI reaffirmed its 2026 outlook.