Capital Ltd. (CAPD.L), Tuesday posted significant growth in its first quarter revenue compared to the prior year. The revenue increase was supported by drilling and mining, offsetting a slight sequential dip in its lab business.
For the first quarter, the mining services company's total revenue rose 41.6 percent to $101.7 million from $71.8 million last year.
Drilling and associated revenue increased 8.8 percent year over year to $62.8 million.
Mining revenue drastically jumped to $18.0 million from $0.6 million a year ago.
However, MSALABS revenue fell 3.2 percent to $20.9 million, from $21.6 million sequentially.
The company announced, a final dividend of 1.3 cents per share for fiscal 2025 will be paid on May 12.
Looking ahead to fiscal 2026, Capital reiterated full year revenue guidance of $410 million to $440 million.
On the London Stock Exchange, shares of Capital were trading 2.98 percent higher, at 128.72 pence.
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