Foraco Q2 FY26 net profit drops 33.4% to US$4.01 million; revenue rises 22.4% to US$84.5 million

Reuters2026/07/31 11:05

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Foraco posted Q2 2026 net profit of US$4.01 million, down 33.36% from Q2 2025 as revenue rose 22.4% to US$84.5 million.
EBITDA climbed 7.1% to US$15 million, while the EBITDA margin narrowed 2.5 percentage points to 17.8%.
Rig utilization increased to 51% from 35%.
CEO Tim Bremner cited operational challenges on a limited number of South America contracts and inflation in labor and consumables.
CFO Fabien Sevestre said Foraco extended its main credit agreement; available financing capacity topped US$22 million at June 30.

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. Foraco International SA published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Foraco Q2 FY26 net profit drops 33.4% to US$4.01 million; revenue rises 22.4% to US$84.5 million

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