Orbit Garant swings to FY26 net loss of $1.5 million from FY25 profit

Bitget2026/10/22 08:25

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Forage Orbit Garant swung to an FY26 net loss of $1.5 million from a $7.5 million profit a year earlier.
Revenue rose 7% year over year to $203.2 million.
Profitability suffered from project delays and the gradual ramp-up of new projects in Canada.
Drill rig utilization reached 70% in Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forage Orbit Garant Inc. published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Orbit Garant swings to FY26 net loss of $1.5 million from FY25 profit

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