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Foraco Q3 2026 net profit falls 19% year over year to USD 4.43 million
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Foraco Q3 2026 net profit falls 19% year over year to USD 4.43 million
  • Foraco’s Q3 2026 net profit fell 19% year over year to USD 4.43 million on higher depreciation and finance costs.
  • Revenue rose 21% year over year to USD 86.21 million; North America climbed 39% to USD 35.6 million.
  • Rig utilization increased to 53%, compared with 35% in Q3 2025.
  • Management described the major investment program as substantially completed, prioritizing improved margins and stronger cash generation.


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. Foraco International SA published the original content used to generate this news brief via CNW (Ref. ID: 202610280700CANADANWCANADAPR_C1473) on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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