Master Drilling reports strong revenue growth, profit surges 399% in H1 2025

Master Drilling reported a 4.9% increase in revenue to $133.2 million for the six months ended June 30, 2025, up from $127.0 million in the prior year. Profit after tax saw a substantial rise of 399.0% to $18.1 million from $3.6 million, largely due to a $4.7 million partial impairment reversal related to a Mobile Tunnel Boring Machine.

Headline earnings per share increased by 6.7% to 9.6 cents ($) and 4.7% to 176.6 cents (ZAR). Basic earnings per share surged 485.0% to 11.7 cents ($). The company's revenue pipeline stands at $515.0 million, with a committed order book of $305.6 million. Debt decreased to $45.4 million, and a dividend of 65.0 cents per share (ZAR) for FY2024 was paid in June 2025.

Master Drilling emphasized its commitment to technological innovation, with new drilling and cutting technologies gaining traction. Strategic investments in asset-light digital ventures and established client relationships have contributed to financial performance and new opportunities.