While the company faced challenges with decreased margins, lower net earnings, and issues in junior exploration, significant achievements such as record safety statistics, successful acquisitions, and robust revenue growth suggest a positive outlook. The anticipated increase in activity levels and revenue for the next quarter further supports an optimistic sentiment.

Company Guidance -

Q1 2026

During the fourth quarter of fiscal 2025, Major Drilling experienced a notable increase in revenue, which rose by 11.6% to $187.5 million compared to the same period last year, despite challenges such as delayed mobilization and start-up costs. The company's total recordable incident frequency rate improved to 0.74, marking a new safety record, and the acquisition of Explomin bolstered their presence in South and Central America. However, the adjusted gross margin percentage dropped to 22.8% from 26.9% due to increased costs. General and administrative expenses rose to $20.9 million, and EBITDA decreased to $20.5 million, leading to net earnings of $1 million or $0.01 per share. The company ended the quarter with $3.9 million in net debt, with available liquidity of $123 million. Looking forward to fiscal 2026, Major Drilling anticipates a 20% revenue increase in the first quarter, supported by expanded exploration budgets from senior mining companies and an expected $70 million in capital expenditures to modernize their fleet.

Record-Breaking Safety Statistics

Major Drilling set a new safety record with a total recordable incident frequency rate of 0.74 for fiscal year 2025, demonstrating a strong safety culture.

Successful Acquisition of Explomin

The company completed the acquisition of Explomin, increasing its presence in South and Central America with operations in Peru, Colombia, and the Dominican Republic.

Revenue Growth

Fourth quarter revenue was $187.5 million, an increase of 11.6% from the previous year, driven by strength in the South and Central American regions.

Increased Activity Levels and Positive Outlook

The company expects a 20% revenue increase in the first quarter of 2026 compared to the fourth quarter of 2025, with improved margins as mobilization continues.

Strong Demand for Specialized Services

Specialized work accounted for 60% of total revenue, with high demand expected to continue due to the complexity of future deposits.

Major Drilling (TSE:MDI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MDI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 09, 2025	2026 (Q1)	0.20 / -	0.19	―	―	―
Jun 11, 2025	2025 (Q4)	0.06 / 0.01	0.12	-91.67% (-0.11)	―	―
Mar 06, 2025	2025 (Q3)	-0.03 / -0.11	-0.03	-266.67% (-0.08)	―	―
Dec 05, 2024	2025 (Q2)	0.18 / 0.22	0.29	-24.14% (-0.07)	―	―
Sep 04, 2024	2025 (Q1)	0.22 / 0.19	0.26	-26.92% (-0.07)	―	―
Jun 11, 2024	2024 (Q4)	0.20 / 0.12	0.25	-52.00% (-0.13)	―	―
Feb 29, 2024	2024 (Q3)	0.02 / -0.03	0.08	-137.50% (-0.11)	―	―
Dec 07, 2023	2024 (Q2)	0.26 / 0.29	0.28	3.57% (<+0.01)	―	―
Sep 05, 2023	2024 (Q1)	0.26 / 0.26	0.29	-10.34% (-0.03)	―	―
Jun 13, 2023	2023 (Q4)	0.26 / 0.25	0.27	-7.41% (-0.02)	―	―

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:MDI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 11, 2025	C$8.58	C$9.76	+13.75%
Mar 06, 2025	C$7.78	C$8.00	+2.83%
Dec 05, 2024	C$8.86	C$8.89	+0.34%
Sep 04, 2024	C$8.99	C$7.94	-11.68%

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 Major Drilling (TSE:MDI) report earnings?

Major Drilling (TSE:MDI) is schdueled to report earning on Sep 09, 2025, After Close (Confirmed).

What is Major Drilling (TSE:MDI) earnings time?

Major Drilling (TSE:MDI) earnings time is at Sep 09, 2025, After Close (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:MDI EPS forecast?

TSE:MDI EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing