SEDAR Interim Financial Statements

[
  {
    "companyName": "Major Drilling Group International Inc.",
    "reportingPeriodEnd": "2026-01-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 88648,
      "tradeAndOtherReceivables": 132259,
      "incomeTaxReceivable": 7187,
      "inventories": 110283,
      "prepaidExpenses": 8484,
      "totalCurrentAssets": 346861,
      "propertyPlantAndEquipment": 271472,
      "rightOfUseAssets": 7443,
      "investments": 17843,
      "deferredIncomeTaxAssets": 4144,
      "goodwill": 67288,
      "intangibleAssets": 19563,
      "totalAssets": 734614,
      "tradeAndOtherPayables": 112853,
      "incomeTaxPayable": 5388,
      "currentPortionOfLeaseLiabilities": 1988,
      "currentPortionOfContingentConsideration": 7783,
      "totalCurrentLiabilities": 128012,
      "leaseLiabilities": 6266,
      "contingentConsideration": 14071,
      "longTermDebt": 27238,
      "deferredIncomeTaxLiabilities": 15396,
      "totalLiabilities": 190983,
      "shareCapital": 266131,
      "retainedEarnings": 191011,
      "otherReserves": 2140,
      "shareBasedPaymentsReserve": 2009,
      "foreignCurrencyTranslationReserve": 82340,
      "totalEquity": 543631,
      "totalLiabilitiesAndEquity": 734614,
      "cashPerShare": 1.0797,
      "workingCapitalPerShare": 2.6695
    },
    "incomeStatement": {
      "totalRevenue": 184633,
      "directCosts": 172451,
      "grossProfit": 12182,
      "generalAndAdministrativeExpenses": 21575,
      "amortizationOfIntangibleAssets": 1586,
      "otherExpenses": 2055,
      "gainLossOnDisposalOfPropertyPlantAndEquipment": -191,
      "foreignExchangeGainLoss": -1041,
      "financeRevenuesCosts": 184,
      "totalOperatingExpenses": 24168,
      "earningsLossBeforeIncomeTax": -11986,
      "currentIncomeTaxExpenseRecovery": 873,
      "deferredIncomeTaxExpenseRecovery": -2016,
      "totalIncomeTaxExpenseRecovery": -1143,
      "netEarningsLoss": -10843,
      "basicEarningsLossPerShare": -0.13,
      "dilutedEarningsLossPerShare": -0.13,
      "weightedAverageSharesOutstandingBasic": 81911
    },
    "cashFlowStatement": {
      "earningsLossBeforeIncomeTax": -11986,
      "depreciation": 15365,
      "amortizationOfIntangibleAssets": 1586,
      "gainLossOnDisposalOfPropertyPlantAndEquipment": -191,
      "shareBasedCompensation": 0,
      "financeRevenuesCostsRecognizedInEarningsBeforeIncomeTax": 184,
      "operatingItemsNotInvolvingCash": 4958,
      "changesInNonCashOperatingWorkingCapitalItems": 36471,
      "financeRevenuesReceivedCostsPaid": -184,
      "incomeTaxesPaid": -5313,
      "cashFlowFromUsedInOperatingActivities": 35932,
      "repaymentOfLeaseLiabilities": -498,
      "issuanceOfCommonSharesDueToExerciseOfStockOptions": 607,
      "cashSettledStockOptions": 0,
      "changeInLongTermDebt": -732,
      "cashFlowFromUsedInFinancingActivities": -623,
      "businessAcquisition": 0,
      "investments": 0,
      "acquisitionOfPropertyPlantAndEquipment": -10333,
      "proceedsFromDisposalOfPropertyPlantAndEquipment": 399,
      "cashFlowFromUsedInInvestingActivities": -9934,
      "effectOfExchangeRateChanges": -1415,
      "increaseDecreaseInCash": 23960,
      "cashBeginningOfThePeriod": 64688,
      "cashEndOfThePeriod": 88648
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Investment in DGI Geoscience Inc. (39.8% equity interest, 42.3% voting rights). Privately held entity focused on downhole survey and imaging services and AI for logging scanned rock samples.",
        "ownershipPercentage": 39.8,
        "value": 15000,
        "notes": "Accounted for using the equity method. Company has board representation and special approval rights."
      },
      {
        "type": "Investment",
        "description": "Investments as per balance sheet line item.",
        "ownershipPercentage": null,
        "value": 17843,
        "notes": "Carrying value as at January 31, 2026."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 82134286,
      "classesOfShares": ["Common Shares"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "Q3 2026": {
          "employeeSalariesAndBenefitExpensesDirect": 75052,
          "employeeSalariesAndBenefitExpensesGeneralAdmin": 11260,
          "shareBasedCompensation": 0
        },
        "YTD 2026": {
          "employeeSalariesAndBenefitExpensesDirect": 243614,
          "employeeSalariesAndBenefitExpensesGeneralAdmin": 34083,
          "shareBasedCompensation": 11
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-25",
        "description": "Board of Directors authorized the financial statements for issue.",
        "impactValue": null
      },
      {
        "eventDate": "Early Q4 2026",
        "description": "First payment made on contingent consideration arising from Explomin acquisition, for US$5,715.",
        "impactValue": null
      }
    ]
  }
]