Master Drilling, ZAE000171948

Master Drilling stock fell 7.32 percent while H1 revenue rose 17 percent

Published on 10/08/2026 at 05:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Master Drilling stock was last at ZAc 1,482 on October 7, 2026, after a 7.32 percent daily decline. Half-year revenue rose 17 percent to USD 155.8 million.

Master Drilling, ZAE000171948, Illustration mit AI erstellt.

Master Drilling stock (ISIN ZAE000171948) was last at ZAc 1,482 on the JSE on October 7, 2026 at 4:36 p.m. SAST, down 7.32 percent from the prior close of ZAc 1,599. The latest six-month figures show a business growing in dollars while execution costs remain material.

Revenue rose 17 percent

For the six months ended June 30, 2026, revenue reached USD 155.8 million, up 17 percent from the same period in 2025, according to Yahoo Finance on August 25, 2026. The company reported EBITDA of USD 33.6 million, equal to a 21.6 percent margin, while a USD 4 million ERP rollout cost reduced profitability for the period.

Master Drilling lists the interim period as ending June 30, 2026 and highlights 17 percent revenue growth, a 1.92 current ratio and a 15.3 percent return on capital. Those figures put the revenue advance beside a clear balance-sheet and capital-efficiency checkpoint.

Orders exceeded USD 400 million

The order book started 2026 at USD 371 million, received USD 182 million of orders during the first half and ended the period above USD 400 million, according to Yahoo Finance. The pipeline exceeded USD 1 billion, but fleet utilization was 64 percent, leaving delivery execution as an important operating variable.

The same presentation identified a counter-factor: Master Drilling lost the Chuquicamata contract with Codelco, while client delays and project extensions affected regional profitability. Labor costs reached USD 65 million versus USD 50 million in the comparable period, and management said the higher cost included currency effects.

Stock is 32.6 percent below yearly high

Master Drilling stock traded between ZAc 1,410 and ZAc 1,544 during the October 7 session. The ZAc 1,482 price stood 32.6 percent below the 52-week high of ZAc 2,200 and above the 52-week low of ZAc 1,312, while market capitalization was ZAR 2.2 billion.

The company investor page schedules the 2026 full-year results release for March 23, 2027, according to Master Drilling.