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Geodrill (TSE:GEO)
TSX:GEO
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 6.25%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Geodrill's strong financial performance with record revenue, EBITDA, and earnings per share, driven by strategic expansion and high commodity prices. However, the increase in receivables and the cost of debt were noted as areas for attention. Overall, the positive aspects significantly outweighed the negatives.Company Guidance
During Geodrill's Q1 2025 financial results call, the company provided robust guidance highlighting several key metrics. They achieved record revenue of $48.8 million, a 41% year-over-year increase from $34.7 million in Q1 2024, primarily driven by increased demand for drilling services and strong gold prices. The gross profit reached $13.6 million, accounting for 28% of revenue, up from 21% the previous year. EBITDA also set a record at $13.6 million, representing 28% of revenue, compared to $6.7 million or 19% of revenue in Q1 2024. Net income was reported at $5.6 million, or $0.12 per share, a substantial 160% improvement from $0.04 per share the previous year. The company ended the quarter with a fleet of 98 drill rigs and total shareholder equity of $125 million, an 11% year-over-year increase. The strategic expansion into South America and securing multi-rig contracts in West Africa, Egypt, and South America have enhanced revenue visibility for the next three to five years. The company remains optimistic about continued growth, driven by high commodity prices and strong market demand.Record-Breaking Revenue and EBITDA
Geodrill achieved record revenue of $48.8 million for Q1 2025, marking a 41% increase from $34.7 million in Q1 2024. EBITDA also reached a record high, with over 100% year-over-year improvement.
Earnings Per Share Surge
Earnings per share for Q1 2025 increased by 160% year-over-year, reaching $0.12, just shy of the previous record.
Expansion into New Markets
Significant achievements in securing multi-rig contracts across core markets in West Africa and expanded markets in Egypt and South America, boosting revenue visibility for the next three to five years.
Increased Gross Profit and Margin
Gross profit for Q1 2025 was $13.6 million, with a gross margin of 28%, up from $7.4 million and 21% respectively in Q1 2024, despite inflationary pressures.
Strong Commodity Prices
The strong commodity prices, especially gold, have amplified demand, enhancing Geodrill's financial performance.
High Rig Utilization
Rig utilization reached 75%, effectively 100% of operational capacity, indicating strong demand across all regions.
TSE:GEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:GEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | C$3.20 | C$3.30 | +3.12% |
Mar 03, 2025 | C$3.10 | C$3.09 | -0.32% |
Nov 11, 2024 | C$2.88 | C$2.87 | -0.35% |
Aug 12, 2024 | C$2.40 | C$2.74 | +14.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Geodrill (TSE:GEO) report earnings?
Geodrill (TSE:GEO) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Geodrill (TSE:GEO) earnings time?
Geodrill (TSE:GEO) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GEO EPS forecast?
TSE:GEO EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.