Major Drilling Group International Inc. reported earnings results for the third quarter and nine months ended January 31, 2026. For the third quarter, the company reported sales was CAD 184.63 million compared to CAD 160.73 million a year ago. Net loss was CAD 10.84 million compared to CAD 9.1 million a year ago. Basic loss per share from continuing operations was CAD 0.13 compared to CAD 0.11 a year ago. Diluted loss per share from continuing operations was CAD 0.13 compared to CAD 0.11 a year ago.
For the nine months, sales was CAD 655.39 million compared to CAD 540.03 million a year ago. Net income was CAD 13.18 million compared to CAD 24.94 million a year ago. Basic earnings per share from continuing operations was CAD 0.16 compared to CAD 0.3 a year ago. Diluted earnings per share from continuing operations was CAD 0.16 compared to CAD 0.3 a year ago.
Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services in the metals and mining industry. The Company’s drilling services include reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole, and surface drill and blast, along with the ongoing development and evolution of its suite of data and technology-driven innovation services. Its mineral drilling services are classified into specialized drilling, conventional drilling, and underground drilling. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. It maintains field operations and offices in North America, South America, Asia, Africa and Europe.
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