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Geodrill (TSE:GEO)
TSX:GEO
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mixed but generally constructive outlook: strong top-line performance (record revenue +29%), fleet growth to 100 rigs and full utilization in Chile underscore robust demand and strategic execution. However, profitability was materially impacted by margin compression (gross margin down from 24% to 18%), a net loss of $1.9M, significant currency headwinds (Ghana cedi ~+43%) and an $8.4M tax-related settlement in Cote d’Ivoire. Management emphasizes disciplined capital allocation, a healthy balance sheet, secured multiyear contracts, and expectations that margins will recover as South America ramps and pricing improves.Company Guidance
Record Annual Revenue Growth
Revenue reached a record $185.0M in fiscal 2025, up from $143.0M in 2024, representing a 29% year-over-year increase.
Strong EBITDA and Operating Cash Generation
EBITDA was $35.1M (19% of revenue). Cash flow from operations was approximately $24M, demonstrating strong operating cash generation to fund reinvestment.
Fleet Scale and Regional Expansion
Ended the year with a fleet of 100 rigs. South America fleet grew to 18 rigs (up from 8 a year earlier — a doubling) with a focused strategic shift to Chile.
High Utilization in Chile and Contract Visibility
Chile operations reported essentially 100% utilization with marquee accounts and multiyear contracts secured, increasing long-term revenue visibility.
Balance Sheet Strength and Shareholder Returns
Closed the year with net cash of $7.8M (excluding ROU liabilities) and shareholders' equity of $117M. Repurchased shares (91,700 during the year and an additional 58,800 subsequent to year-end), reflecting disciplined capital allocation.
One-time Positive Non-operating Items
Non-operating benefits included a $3.3M gain on equity investments, a $1.2M foreign exchange gain and an expected lifetime credit recovery of $0.45M, which favorably impacted results.
Planned, Disciplined Growth for 2026
Management budgets incremental fleet growth of ~5–10 rigs in 2026, intends to fund additions with operating cash flow, and expects margins to improve as South America utilization and pricing normalize.
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 |
|---|---|---|---|
Mar 02, 2026 | C$3.67 | C$3.65 | -0.54% |
Nov 13, 2025 | C$3.66 | C$3.76 | +2.73% |
Aug 11, 2025 | C$3.94 | C$3.63 | -7.87% |
May 12, 2025 | C$3.20 | C$3.30 | +3.12% |
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 May 12, 2026, Before Open (Confirmed).
What is Geodrill (TSE:GEO) earnings time?
Geodrill (TSE:GEO) earnings time is at May 12, 2026, Before Open (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 2026 (Q1) is 0.04.