Major Drilling Group International Inc.

Good day, and welcome to the major drilling fourth quarter results of 2026. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, you will need to press star 1-1 on your touchtone phone. Please note this call is being recorded. I would like to turn the call over to Ryan Hanley, Director of Capital Markets. Please go ahead.

Thank you, and good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the fourth quarter of fiscal 2026. With me on the call today are Danila Rock, President and CEO, and Ian Ross, CFO. Our results were released last night and can be found on our website at www.majordrilling.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you that during this conference call, we'll be making forward-looking statements about future events for the future financial performance of the company. These statements are forward-looking in nature, and actual events or results may differ materially from those currently anticipated in such statements. I'll now turn the presentation over to Danilo Roc, President and CEO.

Thanks, Ryan. And good morning, everyone, and thank you for joining us today. As we close fiscal 2026, I'm very proud of our top-tier safety record as we achieved a total recordable incident frequency rate, TRIFR, of point eighty five in fiscal twenty twenty six. I'd like to once again thank our employees for their dedication in maintaining such a strong safety culture. That safety culture along with our well maintained fleet of rigs, optimal levels of inventory and dedicated crews continue to solidify our position as industry leader. Turning to the fourth quarter, with continued improvements in activity levels, we ended the quarter on a strong note with each region recording year-over-year growth and growing our fourth quarter revenue by 25% over last year. This boosted our total fiscal 2026 revenue by 22% to $889 million, setting a new record in the company's 46-year history. Similar to the beginning of Friar Cycles, Revenue growth was driven primarily by stronger activity in Canada and the U.S., with both countries seeing a sharp ramp up in activity following the previously announced expansion of senior exploration budgets, as well as a continued acceleration of junior financing activity. As a result, revenue in Canada U.S. increased by nearly 67% when compared to the prior year period. Activity levels in other regions also increased, as South and Central America was driven largely by continued growth in Peru, while Australasian and Africa segments saw increased demand from seniors in Australia. Given this strong revenue increase, along with continued efforts to mitigate cost pressures, the company generated EBITDA of $28 million in the fourth quarter of fiscal 2026, a 37% increase from $20.5 million generated in the prior year period. I'll discuss more the outlook and the labour situation after Ian walks us through the quarter's financials.