Capital Ltd (LSE:CAPD) shares moved up in Thursday's trade after it reported third quarter revenue of $93.9 million, which is the highest in its operating history, and marks a 7.4% improvement quarter on quarter.
Drilling and associated revenue amounted to $65.1 million, whilst mining revenue totalled $7.8 million, and MSALABS revenue was $21 million.
The contractor to the mining industry has now raised 2025 revenue guidance to $335–$350 million, including $65–$75 million for MSALABS.
Executive chair Jamie Boyton said that momentum from high commodity prices underpinned “robust revenue and margin growth across all business divisions” and guided for a strong finish to 2025, accelerating into 2026.
In London, the shares were up 7.7% changing hands at 115.76p.