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EarningsQ1 2026 Earnings Report
MPVDF Q1 2026 EPS Results
Actual EPS-$0.31
Consensus EPS―
Beat/Miss―
One Year Ago EPS-$0.11
MPVDF Q1 2026 Revenue Results
Actual Revenue$39.98M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+30.40%
Earnings Announcement Details
QuarterQ1 2026
Date05/12/2026
TimeAfter Close
Conference CallTuesday, May 12, 2026
MPVDF Upcoming Earnings
Mountain Province Diamonds's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
MPVDF Q1 2026 Earnings Call
0:00 / 0:00
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a mixed operational picture: strong safety performance, record carat recovery and dramatically improved cost-per-carat driven by exceptionally high grades are clear operational positives. However, these were outweighed by severe market-driven price weakness (avg price per carat down ~53%), widened net losses (net loss nearly doubled), negative adjusted EBITDA, cash outflows, and growing working capital and payable demands that have required stakeholder support and short-term covenant/term extensions. Liquidity and pricing remain the primary risks to near-term financial stability.Company Guidance
Safety Performance
Approaching a full year without a lost-time injury at Gahcho Kue, indicating strong safety controls and operational discipline.
Record Carat Recovery and Very High Grade
Record Q1 production of over 2 million carats recovered; ore grade of 2.64 carats/ton versus 0.82 carats/ton in Q1 2025 (about 3x higher; ~222% increase), outperforming budget on grade.
Higher Sales Volume
Carats sold doubled year-over-year: 858,000 carats in Q1 2026 versus 426,000 in Q1 2025, demonstrating ability to move material despite weak prices.
Lower Cost Per Carat Driven by Grade
Waste-inclusive cost per carat fell to CAD 53 in Q1 2026 from CAD 192 in Q1 2025 (a reduction of ~72%), driven by much higher grade and greater carat recovery.
Inventory and Operational Preparedness
Inventories increased by CAD 54 million to CAD 206 million (end of Q1), including a CAD 47 million increase in consumables (notably 55 million liters of fuel delivered via winter road), supporting continuity of operations.
Stakeholder Support and Short-Term Financing Measures
Received working capital support from Dermot Desmond; lenders and De Beers extended repayment/in-kind notice dates (term dates extended to June 30, 2026 and in-kind election dates extended), and the company is exploring LETL program options—providing short-term relief while liquidity solutions are pursued.
MPVDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed