Master Drilling Group reports a 399% half year profit increase

JSE-listed international drilling technology and services group Master Drilling Group increased taxed profit bya sharp 399% to $18.1 million in the six months to June 30.

- EDWARD WEST

Revenue increased 4.9% to $133.2m. Headline earnings a share increased 6.7% to 9.6 US cents. Headline earnings per share in rands were up 4.7% to 176.6 cents.

The revenue pipeline by the end of the period stood at $515m. The committed order book was $305.6m. The company usually pays a dividend at year-end.

“Master Drilling is pleased to report a resilient first six months of 2025. This accomplishment comes against a backdrop of global market and economic uncertainty,” said the CEO Danie Pretorius, in a statement.

He said that despite some pressure on profitability, they were grateful for the support of their clients and business partners. He said Master Drilling management’s commitment to capital discipline was a key driver of positive returns.

“We are proud to see our new drilling and cutting technologies gain traction and make a significant impact on the mining industry,” he said.

In addition to their core technologies, asset-light digital ventures had been invested in.