Canada's Geodrill 2025 revenue up 29% on operational expansion

Geodrill

02/03/2026 12:12

Overview

West African drilling firm's fiscal 2025 revenue rose 29% yr/yr

Company faced net loss due to additional tax expense impacting profitability

Company repurchased 91,700 shares, reflecting confidence in long-term value

Outlook

Geodrill enters 2026 with strong momentum from high gold and copper prices

Company secured $150 mln in long-term contracts, ensuring revenue visibility for 3 years

Geodrill plans to expand operations into Saudi Arabia and increase Chilean rig fleet

Result Drivers

RECORD REVENUE - Geodrill achieved record revenue of $184.9M in 2025, a 29% increase from 2024, driven by strong market conditions and operational activity

TAX EXPENSE IMPACT - Additional tax expense of $8.4M in Q4-2025 negatively impacted net income, resulting in a net loss for the year

OPERATIONAL EXPANSION - Geodrill expanded its operations in South America, focusing on Chile, and plans to enter Saudi Arabia, enhancing its geographic reach

Company press release: ID:nCNWPm4sFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$46.85 mln
$39.70 mln (2 Analysts)
Q4 Net Income
-$11.26 mln
Q4 Gross Margin
12.00%
Q4 Basic EPS
-$0.24
Q4 EBITDA
$3.42 mln
Q4 EBITDA Margin
7.00%
Q4 Gross Profit
$5.56 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 Geodrill Ltd is C$4.30, about 17.2% above its February 27 closing price of C$3.67

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)