Orbit Garant Q4 FY26 turns to net loss of CAD 1.9 million; revenue rises 21.3% to CAD 57.2 million

By Public Technologies
  • Forage Orbit Garant posted Q4 net loss of CAD 1.9 million, swinging from profit; revenue rose 21.3% to CAD 57.2 million.
  • Gross profit slid to CAD 4.6 million from CAD 7.6 million, while gross margin narrowed 7.8 percentage points to 8.2%.
  • CEO Daniel Maheu said record quarterly revenue came with 70% rig utilization, the highest level since fiscal 2012.
  • Maheu said Canadian profitability fell on lower productivity tied to trainee drillers, input-cost inflation, and lower revenue per metre on legacy contracts.
  • Orbit Garant said results were hit by a CAD 1.4 million non-cash expected credit loss tied to a long-term receivable from West Africa.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forage Orbit Garant Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202609242245CANADANWCANADAPR_C8362) on September 25, 2026, and is solely responsible for the information contained therein.

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