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Orbit Garant Drilling (OGD) investor relations material
Orbit Garant Drilling AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary4 Dec, 2025
Opening remarks and agenda
The meeting was opened with a welcome to shareholders and conducted in French to accommodate a significant portion of shareholders.
The chair confirmed the appointment of scrutineers, the proper delivery of meeting materials, and the satisfaction of quorum requirements.
Board and executive committee updates
Six directors were nominated and elected to serve until the next annual meeting or until successors are appointed.
KPMG SENCRL was reappointed as independent auditor, with the board authorized to set their remuneration.
Financial performance review
Revenue for FY2025 reached $189.1M, up 4.3% from FY2024, with Canadian revenue at $136.1M (+2.6%) and international at $53.0M (+9.0%).
Gross profit rose to $28.3M (15.0% margin), and adjusted gross margin improved to 19.5%. Net income was $7.5M, reversing a prior year net loss.
Debt was reduced by $7.5M, and 69,000 shares were repurchased under a normal course issuer bid.
Q1 2026 revenue declined to $46.7M, with net income at $0.3M, reflecting project delays and temporary client suspensions.
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Next Orbit Garant Drilling earnings date
Q2 202612 Feb, 2026
Next Orbit Garant Drilling earnings date
Q2 202612 Feb, 2026
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Frequently asked questions
Orbit Garant Drilling Inc is a Canadian company that provides drilling services to the mining and mineral exploration industry. The company offers surface and underground drilling, specialized geotechnical drilling, and customized equipment solutions. It operates in Canada and select international markets. Orbit Garant Drilling Inc is headquartered in Val-d'Or, Canada, and its shares are listed on the TSX.
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