Major Drilling Group reports record-breaking annual revenue

Major Drilling Group International Inc. has reached a historic milestone, reporting record-breaking revenue for the fiscal year ending April 30, 2026.

As a premier provider of drilling services to the global mining industry, the company achieved a total revenue of C$889.1 million, a 22% increase from the previous year.

This performance marks the highest annual revenue in the company’s 46-year history.

Beyond total sales, the company reported C$102.9 million in EBITDA and successfully transitioned to a net cash position of C$20.6 million, reversing the net debt seen in fiscal 2025.

This growth was fueled by favorable commodity prices and the successful integration of Explomin Perforaciones, which strengthened the firm’s presence in Latin America.

Throughout the year, Major Drilling saw consistent revenue growth across all international regions, particularly in North America, Peru, and Australia.

While maintaining strong financial momentum, the company also prioritized workforce development, employing a record 6,000 people globally, and upheld high safety standards with a low incident rate.

These results highlight Major Drilling’s ability to navigate complex market conditions and sustain long-term growth in the mining sector.