05:21 PM EDT, 06/11/2025 (MT Newswires) -- Major Drilling Group International ( MJDLF ) after trade Wednesday said its fiscal fourth-quarter profit declined despite higher revenue.

The company, which provides drilling services to the mining industry, earned $1 million, or $0.01 per share, in the quarter ended April 30, down from $9.9 million, or $0.12, a year ago. FactSet expected per-share earnings of $0.06.

Revenue rose to $187.5 million from $168 million, FactSet expected $181.3 million.

In the Canada-US region, revenue fell by 21% to $58.8 million due to delayed project starts and ongoing weakness in the junior mining sector, the company said.

Revenue in South and Central America rose sharply by 79% to $88 million, mainly due to the Explomin acquisition. In the Australasian and African regions, revenue dropped 7.7% to $40.8 million, largely because of project delays early in the year, the company added.

"Market hesitation due to tariff-related economic uncertainty impacted performance during the quarter, as several project startups were delayed. These programs ramped up through March and accelerated into April, resulting in some training, mobilization, and startup costs impacting our margins in fiscal Q4," Chief Executive Denis Larocque said.

He added that, given the higher activity the company experienced at the end of the fiscal year, it expects fiscal Q1 2026 revenue to grow by about 20% compared with fiscal Q4 2025 levels.

The company's shares closed down $0.08 to $8.58 on the Toronto Stock Exchange.