Foraco International SA
TSX:FAR

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Foraco International SA
TSX:FAR
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Price: 2.49 CAD -2.35% Market Closed
Market Cap: 247.1m CAD

Foraco International SA
Investor Relations

Foraco International SA engages in the provision of drilling services to water supply and mining industry. The company is headquartered in Marseille, Paca and currently employs 2,891 full-time employees. The company went IPO on 2007-07-25. The firm's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The firm operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.

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FAR
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Revenue Decline: Q3 2025 revenue was $71 million ($72 million excluding FX), down from $79 million last year, reflecting lower activity in North America.

Margin Pressure: EBITDA margin was 20%, down from 21% in Q3 2024, mainly due to ramp-up of new contracts at lower initial margins.

Contract Wins: Foraco secured and renewed three major contracts in Chile and Canada worth $150 million, highlighting strong customer relationships.

Geographic Trends: South America and EMEA saw strong revenue growth, with South America up 25% and EMEA up 32%. North America revenue dropped 29%.

Sector Optimism: Management emphasized improving market conditions, citing higher metals prices, increased exploration financing, and a robust tender pipeline in copper and gold.

North America Outlook: Canadian market remains challenging and competitive, but management is optimistic about rebuilding revenue with a focus on technical projects and new wins.

Key Financials
Revenue
$71 million
Revenue (excluding FX effects)
$72 million
EBITDA
$14 million
EBITDA Margin
20%
Gross Margin
$14 million (20% of revenue)
SG&A
$4.8 million
SG&A as % of Revenue
7%
EBIT
$9 million
Revenue (9 months YTD)
$195 million
Gross Profit (9 months YTD)
18% of revenue
EBIT (9 months YTD)
$22 million (11% of revenue)
EBITDA (9 months YTD)
18% of revenue
Working Capital Requirements
$7 million
CapEx
$15 million
Net Debt (including lease obligation)
$72 million
Net Debt (constant FX rates)
$66 million
Contract Wins
$150 million (three contracts in Chile and Canada)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Timothy Bremner
Chief Executive Officer
No Bio Available
Mr. Fabien Sevestre
Chief Financial Officer
No Bio Available
Ms. Laurence Mahieux
General Counsel & Compliance Officer
No Bio Available
Mr. Peter Jacobs
Senior Vice President of Asia Pacific
No Bio Available
Mr. Philippe Violle
Vice President of Engineering & Technical Services
No Bio Available

Contacts

Address
PACA
Marseille
26 Plage de l'Estaque
Contacts
+33496151360.0
www.foraco.com