ACCOUNTS - Final Accounts preparation

Registered Number:12224677

APERGY RODS UK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2025


APERGY RODS UK LIMITED

COMPANY INFORMATION

Directors	J Ferguson
	M G Marsh


Company secretary	Burness Paull LLP


Registered number	12224677


Registered office	Wsm Advisors
	Connect House
	133-137 Alexandra Road
	London
	Wimbledon United Kingdom
	SW19 7JY


Independent auditors	AAB Audit & Accountancy Limited
	Kingshill View
	Prime Four Business Park
	Kingswells
	Aberdeen
	AB15 8PU


APERGY RODS UK LIMITED

CONTENTS

	Page
Directors' responsibilities statement	1
Balance sheet	2
Statement of changes in equity	3
Notes to the financial statements	4 - 8


APERGY RODS UK LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 30 DECEMBER 2025

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent; and

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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APERGY RODS UK LIMITED REGISTERED NUMBER:12224677

BALANCE SHEET

AS AT 30 DECEMBER 2025

		2025		2024
Note		$000		$000


Fixed assets
Creditors: amounts falling due within one year	4	-		(20)
Net assets/(liabilities)			-		(20)

Capital and reserves
Called up share capital	5	-	-
Share premium account		998	998
Profit and loss account		(998)	(1,018)
		-	(20)

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Ferguson

Director

Date: 17 September 2026

The notes on pages 4 to 8 form part of these financial statements.

Page 2


APERGY RODS UK LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 DECEMBER 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	$000	$000	$000	$000
At 31 December 2023	-	998	(421)	577
Comprehensive income for the year
Loss for the year	-	-	(597)	(597)

At 31 December 2024	-	998	(1,018)	(20)
Comprehensive income for the year
Profit for the year	-	-	20	20
At 30 December 2025	-	998	(998)	-

The notes on pages 4 to 8 form part of these financial statements.

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APERGY RODS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

1.	General information

The Company is a private limited Company incorporated and domiciled in England. The registered office and principal place of business of the Company is Wsm Advisors, Connect House, 133-137 Alexandra Road, London, Wimbledon, United Kingdom, SW19 7JY. The principal activity of the entity is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:

∙the requirements of IFRS 7 Financial Instruments: Disclosures;

∙the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement;

∙the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:

- paragraph 79(a)(iv) of IAS 1;

∙the requirements of IAS 7 Statement of Cash Flows;

∙the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors; and

∙the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures.

This information is included in the consolidated financial statements of SLB (Schlumberger Limited) as at 30 December 2025 and these financial statements may be obtained from 5599 San Felipe Street, Houston, TX 77056, USA.

2.3

Going concern

The directors, having made due and careful enquiry, are of the opinion that the Company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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APERGY RODS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Creditors

Accruals are recognised when the company has a present obligation arising from a past event, and it is probable that settlement will require an outflow of resources. Accruals are measured at the best estimate of the expenditure required to settle the obligation at the reporting date.

Accrued expenses are included within creditors and represent liabilities for goods or services received by the company that have not yet been invoiced at the reporting date. These are recognised in the financial statements in the period to which they relate, in accordance with the accruals concept.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

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APERGY RODS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

2.Accounting policies (continued)

2.6

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:

Financial assets

All recognised financial assets are subsequently measured in their entirety at either fair value or amortised cost, depending on the classification of the financial assets.

Fair value through profit or loss

All of the Company's financial assets are subsequently measured at fair value at the end of each reporting period, with any fair value gains or losses being recognised in profit or loss to the extent they are not part of a designated hedging relationship. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.

Impairment of financial assets

The Company always recognises lifetime ECL for trade receivables and amounts due on contracts with customers. The expected credit losses on these financial assets are estimated based on the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate. Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument.

Financial liabilities

Fair value through profit or loss

Financial liabilities are classified as at fair value through profit or loss, when the financial liability is held for trading, or is designated as at fair value through profit or loss. This designation may be made if such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise, or the financial liability forms part of a group of financial instruments which is managed and its performance is evaluated on a fair value basis, or the financial liability forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at fair value through profit or loss. Any gains or losses arising on changes in fair value are recognised in profit or loss to the extent that they are not part of a designated hedging relationship.

At amortised cost

Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.

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APERGY RODS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

3.	Fixed asset investments

		Investments in subsidiary companies
		$000
	Cost or valuation
	At 31 December 2024	590
	At 30 December 2025	590
	Impairment
	At 31 December 2024	590
	At 30 December 2025	590
	Net book value
	At 30 December 2025	-

4.	Creditors: Amounts falling due within one year
		2025	2024
		$000	$000

Accruals and deferred income	-	20
	-	20

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APERGY RODS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2025

5.	Share capital
		2025	2024
		$	$

Allotted, called up and fully paid

3 (2024 - 3) Ordinary shares shares of $1.00 each	3	3

Related party transactions

As the Company is a wholly owned subsidiary of ChampionX U.S. 5 LLC, it has taken advantage of the exemption given by paragraph 17 of FRS 101 which allows exemption from disclosure of related party transactions with other group companies. The Company has also taken advantage of the exemption given by paragraph 17 of FRS 101 which allows exemption from disclosure of compensation for key management personnel.

7.	Controlling party

The directors regard SLB (Schlumberger Limited), incorporated in Curaçao, as the ultimate parent company and the ultimate controlling party as at the balance sheet date. SLB became the ultimate parent undertaking on 16 July 2025, following its acquisition of ChampionX Corporation through an all-stock transaction.

SLB is the parent company of the smallest and largest group of which the company is a member and for which group financial statements are drawn up. Copies of those financial statements are available from 5599 San Felipe Street, Houston, TX 77056, USA.

The immediate parent undertaking is ChampionX U.S. 5 LLC.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 30 December 2025 was unqualified.

The audit report was signed on 18 September 2026 by (Senior statutory auditor) on behalf of AAB Audit & Accountancy Limited.

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