Earnings

Foraco International reports Q3 2025

By The Northwire Desk — AI Analysis Oct 30, 2025 · 06:00 FAR · 2.1 FORACO INTERNATIONAL SA

FAR · Price

Foraco International reported unaudited Q3 2025 results showing revenue of US$71.0 M, down 9% YoY, and net profit of US$5.5 M, down 29% YoY.
Net debt decreased to US$72.2 M (US$66.2 M at constant FX) from US$78.3 M a year earlier, while cash balances rose modestly to US$24.9 M.
The company highlighted regional revenue trends – declines in North America, growth in South America (+25%) and EMEA (+32%), and stable performance in Asia‑Pacific.

Revenue: US$71.0 M (Q3 2025) vs. US$77.7 M (Q3 2024); –9% YoY.
North America: US$25.6 M (–29%).
Asia‑Pacific: US$23.7 M (–4%).
South America: US$16.4 M (+25%).
EMEA: US$5.4 M (+32%).
Gross Margin: US$14.0 M (19.7% of revenue) vs. US$17.1 M (22.0%) in Q3 2024.
EBITDA: US$14.2 M (20.0% of revenue) vs. US$16.1 M (20.8%).
Net Profit: US$5.5 M (8% of revenue) vs. US$7.7 M (10%).
EPS (US cents): Basic 5.56, Diluted 5.49 (down from 7.88/7.71).
YTD (nine‑month) Revenue: US$195.1 M vs. US$232.6 M a year earlier (–16%).
YTD Gross Profit: US$35.9 M (18.4% of revenue) vs. US$51.8 M (22.3%).
YTD EBITDA: US$35.2 M (18.1% of revenue) vs. US$50.1 M (21.5%).
Free Cash Flow YTD: –US$0.6 M (negative, driven by working‑capital needs and capex).
Cash & Equivalents (30 Sep 2025): US$24.9 M vs. US$22.5 M (31 Dec 2024).
Net Debt: US$72.2 M (US$66.2 M at constant FX) vs. US$78.3 M a year earlier.
Capex YTD: US$14.5 M (primarily new rigs and ancillary equipment).
Operating Metrics: Rig utilization 38% in Q3 2025 vs. 40% in Q3 2024.

On 22 May 2025, Foraco sold its 50 % stake in Eastern Drilling Company LLP (Kazakhstan), recording a net gain of US$289 k under “Other Operating Income.”

CEO Tim Bremner cited an expected market rebound driven by renewed investment and higher rig utilization; announced new contract awards/renewals in Canada and Chile totaling ~US$140 M.
CFO Fabien Sevestre emphasized disciplined cash management, improved working‑capital efficiency, and a robust balance sheet supporting selective fleet investments.

Date & Time: 30 Oct 2025, 10:00 am ET. Hosted by CEO Tim Bremner and CFO Fabien Sevestre.
Access: Dial‑in numbers provided; webcast link https://app.webinar.net/zNprypYZK1l (archived replay available for 90 days).

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