08:11 AM EDT, 08/11/2025 (MT Newswires) -- Geodrill ( GEODF ) on Monday said second-quarter net income and revenue rose, beating estimates.

The West African-based drilling company said net income rose to US$5.3 million, or US$0.11 per share, from US$4.8 million, or US$0.10 per share. Analysts polled by FactSet had expected US$0.08 per share.

Geodrill ( GEODF ) reported a 22% jump in revenue, reaching a record US$50.4 million and beating the analysts' consensus expectation of US$45.5 million.

The company's bidding pipeline remains highly active, as "robust" gold and copper prices continue to drive momentum in drilling service demand, Geodrill ( GEODF ) said.

"As demand for high-quality drilling solutions accelerates, we are broadening our geographic reach beyond West Africa, and positioning Geodrill ( GEODF ) to capitalize on emerging growth opportunities in key resource regions," said Chief Executive Dave Harper.