Q4 2026 Major Drilling Group International Inc Earnings Call Transcript

Jun 11, 2026 / 12:00 PM GMT

Release Date Price: €10.8 (+9.09%)

Transcript

Key Points

Positve

Major Drilling Group International Inc (MJDLF) achieved a total recordable incident frequency rate (TRIFR) of 0.85, showcasing a strong safety record.
The company reported a 25% year-over-year revenue growth in the fourth quarter, contributing to a record fiscal 2026 revenue of $889 million, a 22% increase.
Revenue in Canada and the U.S. increased by nearly 67% due to expanded senior exploration budgets and junior financing activity.
The company generated EBITDA of $28 million in the fourth quarter, a 37% increase from the previous year.
Major Drilling ended the quarter with $20.6 million in net cash, improving from a net debt position of $3.9 million the previous year.

Negative

The overall adjusted gross margin percentage decreased slightly to 22% from 22.8% in the same period last year.
Higher labor, ramp-up, and consumable costs, particularly in North America, impacted margins despite operational leverage and improved pricing.
The income tax provision increased to $2 million from $700,000 in the prior year period due to improved profitability.
The company faces challenges with labor shortages, particularly in North America, affecting productivity as new drillers gain experience.
Margin improvement is expected to lag behind revenue growth due to increased training, labor, and consumable costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MDI.TO - Major Drilling Group International Inc
Q4 2026 Major Drilling Group International Inc Earnings Call
Jun 11, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to the Major Drilling Fourth Quarter Results 2026. At this time, all participants are on listen-only mode.

After the speaker's presentation, there'll be a question-and-answer session. To ask a question, you will need to press *11 on your touchtone phone. Please note this call is being recorded.

I would like to turn the call over to Ryan Hanley, Director of Capital Markets. Please go ahead.

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Unidentified_2 [2]
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Thank you, and good morning, everyone. As mentioned, we would like to

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