Foraco International's Q3 revenue down 9%

Foraco International SA

30/10/2025 10:07

Overview

Foraco Q3 2025 revenue declined 9% yr/yr, impacted by North American contract completions

Net profit for Q3 2025 decreased to US$5.5 mln from US$7.7 mln in Q3 2024

Outlook

Foraco anticipates a rebound driven by renewed investment and higher rig utilization

Company focuses on efficiency, service quality, and sustained growth

Operations in South America ramping up under new long-term contracts

Result Drivers

NORTH AMERICA DECLINE - Revenue in North America fell due to completion and deferral of Canadian contracts, with new U.S. projects ramping up

SOUTH AMERICA GROWTH - Revenue in South America increased 25% due to ramp-up of operations in Brazil and Chile under new long-term contracts

EMEA REVENUE INCREASE - EMEA revenue grew 32% supported by ramp-up of contracts initiated in previous periods

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$71.01 mln
Q3 Net Income
$5.46 mln
Q3 EBITDA
$14.21 mln
Q3 Gross Profit
$13.99 mln
Q3 Operating Income
$9.19 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the mining support services & equipment peer group is "buy."

Wall Street's median 12-month price target for Foraco International SA is C$3.38, about 37.8% above its October 29 closing price of C$2.10

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nCNW8NKKma

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(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.)