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Major Drilling Group International Inc. (TSX:MDI) - Earnings Missed in Q4/25; Growth Expected in Q1/26 - Research Portal
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Major Drilling Group International Inc. (TSX:MDI) - Earnings Missed in Q4/25; Growth Expected in Q1/26 - Research Portal
Major Drilling (MDI) announced financial results for Q4 and FY/25, ending on Apr 30, 2025. FY/25 EPS came in at $0.32, lower than consensus and RCS estimates of $0.42 and $0.43, respectively. Q4/25 revenue totaled $187.6M (+12% YoY), though without the acquisition of Explomin and its 92 rigs, revenue would have fallen 11% YoY to $149.9M. Overall, these results missed estimates, as costs were higher than expected in Q4/25. We do expect things to s
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