Significant Long-Term Contract Wins
Award and renewal of three significant long-term contracts in Chile and Canada with a combined expected value of $150 million, demonstrating Foraco's ability to deliver diversified services and strong value beyond price competitiveness.
Revenue Increase in South America and EMEA
Revenue in South America increased by 25%, and EMEA saw a 32% growth to $5.4 million, supported by growing customer demand and ramp-up of contracts initiated during previous periods.
Decrease in Working Capital Requirements
Working capital requirements reduced to $7 million as of September 30, 2025, compared to $23 million in the same period last year.
Positive Market Indicators for Metal and Mining Sector
S&P Global reported a 93% year-over-year increase in total financings for the metal and mining sector, with gold financings rising by 136% and base metals up by 31%, indicating renewed sector confidence.