Geodrill (TSE:GEO) Posts Quarterly Earnings Results

Geodrill (TSE:GEO) posted its earnings results on Monday. The company reported C$0.00 earnings per share for the quarter, FiscalAI reports. Geodrill had a negative net margin of 4.01% and a negative return on equity of 5.96%. The firm had revenue of C$67.33 million for 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 0.3%

GEO opened at C$2.90 on Wednesday. Geodrill has a fifty-two week low of C$2.59 and a fifty-two week high of C$4.29. The company has a debt-to-equity ratio of 7.43, a current ratio of 1.89 and a quick ratio of 1.56. The firm has a market capitalization of C$137.79 million, a price-to-earnings ratio of -96.67, a PEG ratio of 0.04 and a beta of 0.88. The company’s 50 day moving average price is C$3.15 and its two-hundred day moving average price is C$3.55.

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.