Canada's Orbit Garant Drilling Q4 revenue rises 3.9%

Orbit Garant Drilling

24/09/2025 22:20

Overview

Orbit Garant Q4 2025 revenue rises 3.9% yr/yr to C$47.2 mln

The mineral drilling company's Q4 net earnings at C$2.2 mln, versus a loss in Q4 2024

Fiscal 2025 revenue increases 4.3% to C$189.1 mln, driven by Canada and South America

Outlook

Orbit Garant aims to expand regional presence with minimal mobilization costs

Company sees strong market conditions for gold and copper driving demand

Orbit Garant intends to focus on core regions, Canada and South America

Result Drivers

HIGHER REVENUE PER METRE - Increased revenue per metre drilled in Canada contributed to higher gross profit and adjusted gross margin in Q4

SOUTH AMERICA ACTIVITY - Increased drilling activity in South America drove international revenue growth

WEST AFRICA EXIT - Cessation of unprofitable activities in West Africa improved profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$47.20 mln
Q4 Net Income
C$2.20 mln
Q4 Adjusted Gross Margin
20.2%
Q4 EBITDA
C$5.50 mln
Q4 Gross Profit
C$7.60 mln


Analyst Coverage

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nCNWlJZrza

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)