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Geodrill (GEO) investor relations material
Geodrill Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record annual revenue of $185 million in 2025, a 29% increase year-over-year, driven by robust drilling activity and strong market conditions in West Africa and Chile.
Maintained a strong operational presence in West Africa and expanded the Chilean rig fleet from 8 to 18 rigs, ending the year with a total fleet of 100 rigs.
Secured long-term contracts, expanded operating capacity, and maintained a robust safety and operational culture.
Ended the year with net cash of $7.8 million, reflecting disciplined cash management.
Financial highlights
Record annual revenue of $185 million, up 29% year-over-year from $143 million in 2024.
Gross profit for 2025 was $33.4 million (18% margin), down from $34.7 million (24% margin) in 2024 due to currency appreciation, ramp-up costs, and inflation.
EBITDA was $35.2 million (19% of revenue); net loss of $1.9 million, impacted by an $8.4 million additional tax expense in Q4.
Net cash at year-end was $7.8 million; shareholders' equity stood at $117 million.
Repurchased 91,700 shares during the year and over 55,800 shares after year-end.
Outlook and guidance
Entered 2026 with strong momentum, supported by high gold and copper prices and healthy activity levels.
Margins anticipated to improve as South America reaches full utilization and pricing strengthens.
Secured $150 million in new long-term contracts, providing revenue visibility for the next three years.
CapEx for 2026 expected to add 5–10 rigs, financed through operating cash flow.
Actively participating in large-scale tenders and expanding into new jurisdictions, including Saudi Arabia.
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