Drilling company Geodrill Q2 revenue up 22%, beats estimates

Geodrill

11/08/2025 12:17

Overview

Geodrill Q2 revenue grows 22% yr/yr, beating analyst expectations, per LSEG data

West African based drilling company achieved record EBITDA of $13.9 mln, up 31% yr/yr

Geodrill net income rises to $5.3 mln, driven by strong demand for drilling services

Outlook

Robust gold and copper prices to drive drilling service demand

Company's bidding pipeline remains highly active

Result Drivers

STRONG DEMAND - Robust demand for drilling services, strong demand in West Africa and Egypt drove revenue growth

GOLD PRICES - Elevated gold prices supported increased demand for exploration drilling

SOUTH AMERICA EXPANSION - Addition of rigs in Chile ahead of a multi-phase contract enhanced regional presence

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$50.35 mln
$48.20 mln (1 Analyst)
Q2 Net Income
$5.33 mln
Q2 Gross Margin
24.0%
Q2 Basic EPS
$0.11
Q2 EBITDA
$13.94 mln
Q2 EBITDA Margin
28.0%
Q2 Gross Profit
$11.95 mln


Analyst Coverage

The current average analyst rating on the shares is "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 Geodrill Ltd is C$4.00, about 1.5% above its August 8 closing price of C$3.94

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

Press Release: ID:nCNWwZmG3a

(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.)