South Africa · Delayed Price · Currency is ZAR · Price in ZAc Master Drilling Group Earnings Call Transcripts
Fiscal Year 2026
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Record interim revenue grew 17% year-over-year, driven by technology adoption, geographic expansion, and strong order intake. Margins were impacted by higher labor costs and lower utilization, but a robust pipeline and new technologies position the business for continued growth.
Fiscal Year 2025
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Record revenue of $292 million (up 8% YoY) driven by new machines and strong South American and African performance. EBITDA margin fell to 19.6% due to once-off costs, but normalized profit before tax rose 14%. Order book and pipeline remain robust, with technology and automation as strategic priorities.
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Revenue rose 4.9% to $133M despite lower utilization, with strong margin gains in South America and Mexico. EBITDA margin was 21%, order book grew 10% to $305M, and major investments in automation and technology support future growth.
Fiscal Year 2024
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Record revenue and EBITDA were achieved, driven by operational efficiency, technology innovation, and a strong order book. Safety performance requires improvement, but the business remains well positioned for 2025 with robust capital discipline and international expansion.