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Major Drilling Announces Fourth Quarter and Fiscal Year 2025 Results as Activity Ramps Up

created: June 11, 2025, 9 p.m. | updated: June 12, 2025, 9:22 p.m.

MONCTON, New Brunswick, June 11, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the fourth quarter and fiscal year 2025, ended April 30, 2025. Fiscal 2025 HighlightsRecorded revenue of $727.6 million compared to $706.7 million in the prior year period. EBITDA (1) of $101.3 million compared to $120.5 million in the prior year period. South and Central American revenue increased by 78.5% to $88.0 million for the quarter, compared to the same quarter last year. Adjusted gross margin, which excludes depreciation expense, was 22.8% for the quarter, compared to 26.9% for the same period last year.

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