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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Capital
Capital (CAPD) investor relations material
Capital Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary15 Oct, 2026
Executive summary
Q3 2026 revenue was $115.7m, up 23.2% YoY; nine-month revenue reached $334.7m, up 32.2% YoY.
2026 revenue guidance increased to $435–$455m, including MDU revenue consolidated from 30 September; growth plans include Belinga expansion and entry into Australia.
Financial highlights
Q3 revenue was $115.7m, up 23.2% YoY and down 1.4% QoQ.
Drilling and associated revenue was $64.5m, down 0.9% YoY and 5.1% QoQ; mining revenue was $25.2m, up 223.1% YoY and down 1.2% QoQ.
MSALABS revenue was $26.0m, up 23.8% YoY and 9.2% QoQ.
Outlook and guidance
2026 revenue guidance raised to $435–$455m, from $430–$450m at H1 and $410–$440m initially; MSALABS guidance reiterated at $85–$95m.
Capex guidance reiterated at $55–$65m; focus includes integrating MDU and mobilising with Fortescue and Maaden.
Two further laboratories are expected to be commissioned, with expansion continuing at several existing laboratories.
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Latest events from Capital
- 2023 growth and Tier 1 wins underpin a $355m-$375m revenue target for 2024.CAPD
H2 2023 - Revenue up 37.6% and guidance raised, driven by strong contracts and MSALABS growth.CAPDH1 2026
- Record Q2 revenue and strong outlook, with growth across all divisions and new contracts.CAPDQ2 2026 TU
- Record revenue, 2026 guidance, lab expansion, and strategic growth amid strong demand.CAPDAGM 2026
- Record Q1 revenue and new contracts drive strong 2026 outlook despite portfolio volatility.CAPDQ1 2026 TU
- NPAT up 317.6% on investment gains, with 2026 revenue guidance at $410–440m and strong demand.CAPDH2 2025
- Revenue up 9.8%, margins down; growth expected from new contracts and US expansion.CAPDH1 2024
- 2024 revenue guidance is $355–$375 million, with key resolutions and growth across business pillars.CAPDAGM 2024
- Record 2024 revenue, with 2025 growth expected as Reko Diq and MSALABS ramp up.CAPDH2 2024
Next Capital earnings date
H2 202617 Mar, 2027
Capital
Next Capital earnings date
H2 202617 Mar, 2027
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Frequently asked questions
Capital Limited is a mining services company based in the United Kingdom, specializing in providing comprehensive solutions to the minerals industry, with a strong focus on African markets. The company operates through several business units, including Capital Drilling, Capital Mining, MSALABS, and Capital Investments. Their services encompass drilling, mining operations, equipment maintenance, and geochemical laboratory services, supporting various stages of the mining cycle from exploration to production. The company is headquartered in London, UK, and its shares are listed on the LSE.