Geodrill Ltd Q3 revenue beats on South America demand

Geodrill

13/11/2025 12:08

Overview

Geodrill Q3 revenue grows 14% yr/yr, beating analyst expectations

Company reports Q3 net loss of $1.5 mln, impacted by strategic expansion costs

Geodrill expands South American operations, increasing rig count to 19

Outlook

Company sees strong demand for drilling services despite tariff pressures

High gold and copper prices continue to fuel drilling activity

Active bidding pipeline signals sustained industry interest and future growth opportunities

Result Drivers

SOUTH AMERICAN EXPANSION - Geodrill doubled its rig count in South America to support major multi-phase contracts, impacting short-term costs

STRONG DEMAND - West Africa shows strong post-wet season demand, supporting revenue growth

COMMODITY PRICES - High gold and copper prices continue to fuel drilling activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$38.97 mln
$36.60 mln (1 Analyst)
Q3 Net Income
-$1.51 mln
Q3 Gross Margin
6.00%
Q3 Basic EPS
-$0.03
Q3 EBITDA
$4.26 mln
Q3 EBITDA Margin
11.00%
Q3 Gross Profit
$2.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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$4.50, about 18.7% above its November 12 closing price of C$3.66

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

Press Release: ID:nCNWqrc7Va

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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.)