Business Context and Reporting Period
Company: National Energy Services Reunited Corp. (NESR)
Filing Type: Form 8-K (Current Report)
Date of Report: August 4, 2026
Reporting Period: The filing addresses events occurring on August 4, 2026, regarding the conclusion of a competitive audit tender process initiated in the second quarter of 2026.
Key Financial Metrics
This filing is a current report regarding a change in the registrant's certifying accountant. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes Versus Prior Period
- Accountant Dismissal: The Audit Committee dismissed Grant Thornton Audit and Accounting Limited (Dubai Branch) ("GT") as the independent registered public accounting firm. The dismissal is effective upon the completion of GT's audit for the year ending December 31, 2026.
- Accountant Appointment: PricewaterhouseCoopers Limited Partnership Dubai Branch ("PwC") was appointed as the new independent registered public accounting firm, effective for the audit of the fiscal year ending December 31, 2027.
- Reason for Change: The change resulted from a competitive tender process triggered by the required rotation of the lead audit engagement partner.
Guidance, Outlook, Risks, and Contingencies
- Historical Audit Opinions: GT's reports for fiscal years 2024 and 2025 did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
- Disagreements: There were no disagreements between the Company and GT regarding accounting principles, practices, or auditing scope during 2024, 2025, or the interim period through August 4, 2026.
- Material Weakness History: The Company previously disclosed a material weakness in its 2024 Annual Report (Form 20-F) related to "tone at the top," organizational structure, communication protocols, and insufficient technical accounting resources. The filing states this weakness was remediated during the year ended December 31, 2025.
- Consultations with New Auditor: The Company has not consulted with PwC regarding accounting principles or audit opinions for the periods ending December 31, 2025, and 2024, nor for the interim period through August 4, 2026.
Important Facts for Investor Verification
- Verify the effective date of the transition between Grant Thornton and PricewaterhouseCoopers to ensure audit coverage continuity.
- Confirm the status of the remediation of the previously disclosed material weakness related to internal controls and accounting resources.
- Review the letter from Grant Thornton (Exhibit 16.1) to confirm their agreement with the Company's statements regarding the dismissal.
- Monitor future filings for the first audit report issued by PwC for the fiscal year ending December 31, 2027.