05:24 PM EST, 12/10/2025 (MT Newswires) -- Major Drilling Group International ( MJDLF ) after trade on Wednesday said its fiscal second-quarter profit fell while revenue rose year-over-year.

The company, which provides drilling services to the mining industry, earned $13.9 million, or $0.17 per share, in the period, down from $18.2 million, or $0.22, a year prior. FactSet expected $0.17 per share.

Revenue for the quarter ended Oct. 31 rose to $244.1 million from $189.3 million a year ago. FactSet projected $240.5 million. The company added that revenue from Canada-U.S. drilling operations rose by 2.6% to $87.6 million, compared to the same quarter last year.

Major Drilling ( MJDLF ) also announced a normal course issuer bid to buy up to 5% of its issued and outstanding shares over 12 months that started Oct. 21, 2025.

"Looking ahead to the third quarter of fiscal 2026, typically the weakest quarter of the fiscal year, we expect the usual pause in activity through the holiday period. Ongoing training and maintenance work in anticipation of increasing activity levels in calendar 2026 are also expected to have an impact on margins," Chief Executive Denis Larocque said.

The company's shares closed up $0.41 to $13.89 on the Toronto Stock Exchange.