Canada's Orbit Garant Drilling Q4 revenue rises 3.9%
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
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