Capital released its Q2 2026 trading update this morning. Q2 revenue reached a record $117.3m, up 34.2% YoY and 15.3% QoQ. All three divisions performed well (see Figure 1). Drilling activity had a strong start to the year, increasing 7.9% YoY and 8.3% QoQ. Mining also posted impressive growth, rising 264.3% YoY and 41.7% QoQ, driven by activity at Reko Diq and ramp-up of a second mining contract at Sukari. MSALABS experienced 36.8% growth YoY and 13.9% QoQ, fuelled by increasing utilisation.
