Geodrill (TSE:GEO) Posts Earnings Results

Geodrill (TSE:GEO) announced its quarterly earnings data on Monday. The company reported C$0.00 earnings per share (EPS) for the quarter, FiscalAI reports. Geodrill had a negative net margin of 0.91% and a negative return on equity of 1.34%. The company had revenue of C$67.33 million during the quarter.

Here are the key takeaways from Geodrill’s conference call:

• Geodrill reported Q1 2026 revenue of $48.4 million, down about 1% year over year, with a slower start in West Africa offset by stronger activity in Chile.
• Margins compressed sharply, with gross margin falling to 15% from 28% a year ago and EBITDA margin dropping to 12% from 28%, mainly due to higher labor and operating costs, currency movements, and Chile ramp-up expenses.
• The company posted a net loss of $116,000 versus net income of $5.6 million in Q1 2025, reflecting the weaker profitability environment in the quarter.
• Management said demand for drilling remains robust across Africa and South America, supported by favorable gold and copper prices and an active bidding environment.
• Despite near-term pressure, Geodrill said the business ended the quarter stronger than it began, with 76% fleet utilization, healthy multi-rig activity in West Africa and Egypt, and expectations for margin improvement as South America matures.

Geodrill Trading Down 11.8%

Shares of TSE:GEO traded down C$0.39 during mid-day trading on Monday, reaching C$2.91. The stock had a trading volume of 195,908 shares, compared to its average volume of 35,621. Geodrill has a twelve month low of C$2.59 and a twelve month high of C$4.29. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 8.70. The firm has a market cap of C$138.26 million, a PE ratio of -97.00, a price-to-earnings-growth ratio of 0.04 and a beta of 0.88. The firm has a 50 day simple moving average of C$3.19 and a two-hundred day simple moving average of C$3.56.

Geodrill Company Profile

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.