Major Drilling Group International Inc.

Good day and thank you for standing by. Welcome to the Major Drilling First Quarter 2027 Results Conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Ryan Hanley, Director of Capital Markets. Sir, please go ahead.

Thank you. Good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the first quarter of fiscal 2027. With me on the call today are Denis Larocque, President and CEO, and Ian Ross, CFO. Our results were released yesterday after market hours 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 will be making forward-looking statements about future events or 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 Denis Larocque, President and CEO.

Thanks, Ryan, and good morning, everyone, and thank you for joining us today. We had a strong start to our new fiscal year with quarterly revenue of $277.3 million representing a 22% increase over the prior year period and setting a new quarterly record for the company. This new record was the result of each region delivering meaningful year-over-year revenue growth as we continue to deploy rates in the field in order to meet the growing needs of our customers. The bulk of the growth continues to be driven by increasing activity levels in Canada and the US, where we saw new contract wins and the addition of rings to existing projects. While seniors continue to execute on their expanded programs, were seeing juniors becoming increasingly more impactful as they look to deploy larger amounts of capital that flowed through the significant increase in financing activity we saw earlier in the year. As a result, revenue in Canada U.S. region increased by over 31% when compared to the prior year period. In South and Central America, we saw a strong 18% year-over-year increase led by continued growth in Peru and increasing activity levels in Mexico and Brazil. In the Australasian and Africa region, revenue increased by nearly 14% when compared to the prior year period, driven by new contract wins and project expansions with seniors in Australia. With the strong revenue increase in each region, and ongoing efforts to manage cost pressures, the company generated EBITDA of $37.2 million in the quarter, a 16% increase over the prior year period, while net earnings increased by nearly 44%, further demonstrating our operational leverage. I'll discuss more of the outlook after Ian walks us through the quarter's financials.