About Foraco
Foraco is a publicly listed company based in Abidjan (Cote D'ivoire) founded in 1961. Drilling services for mining and water projects are provided. The company has 1,850 employees. Foraco offers products and services including Mineral Drilling and Water Well Drilling. Its focus areas include Mining and Services for Mining Industry. Its legal entity is Foraco International SA.
Company details
Foraco was established in 1961 and is headquartered in Abidjan, Ivory Coast. Drilling services are delivered by the company to the mining and water sectors. Operations focus on exploration and production drilling, with support for geotechnical and environmental projects. Activities span multiple geographies, including Africa and beyond, as facilitated through the foraco.com domain. Services are tailored to resource extraction and infrastructure needs in these industries.
- Headquarters Abidjan, Cote D'ivoire
- Employees 1,850
- Stage Public
- SectorsNatural Resources
- Email••••••••
- Phone•••• ••••
- Website foraco.com
- Social LinkedIn X Facebook
- Legal Name Foraco International Sa
- Annual Revenue$263.49 M (USD)-10.26as on Dec 31, 2025
- Net Profit$15.89 M (USD)-42.89as on Dec 31, 2025
- EBITDA$45.67 M (USD)-21.12as on Dec 31, 2025
- Latest Funding Round$25.1M (USD), Debt – Conventional
May 2017
- InvestorsOaktree Capital Management
& 1 more
- Employee Count1,850
Products & Services of Foraco
Foraco offers a comprehensive portfolio of products and services, including Mineral Drilling and Water Well Drilling.
Drilling services are offered for mineral exploration in challenging environments, with a focus on complex geologies and remote areas.
Wells are drilled for drinking, irrigation, and industrial water needs, specializing in various global regions.
Funding Insights of Foraco
- Total Rounds 1
- Last Round Debt – Conventional — $25.1M
- First Round $25.1M
(May 2017)
- Investors Count 2
All 1 funding rounds of Foraco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $25.1M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Foraco
Foraco has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Oaktree Capital Management and Kartesia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| kartesia.com | ||||
Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors | 1995 | oaktreecapital.com | Los Angeles, United States |
Investor details for Foraco
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People of Foraco
20 people are tracked at Foraco (8 in leadership, 4 in board & advisors, 8 in team); the tracked headcount is 1,850.
| Name | Role | Group |
|---|---|---|
Thierry Merle | VP, Europe & Middle East | Leadership |
Denis Simonin | VP, Africa | Leadership |
Jean-Pierre Charmensat | Vice CEO & CFO | Leadership |
Daniel Simoncini | Chairman & CEO | Leadership |
Rob Steadman | VP - Human Resources | Leadership |
Irina Kokotkina | Head Of HR Department | Leadership |
Hans Vanderlinden | General Manager - Eastern Division | Leadership |
Fabien Sevestre | Chief Financial Officer | Leadership |
Jean Diercxens | Director | Board & advisors |
Jorge Hurtado | Director | Board & advisors |
Bruno Chabas | Director | Board & advisors |
Warren Holmes | Director | Board & advisors |
David Lessard | Manager - Percussive Drilling Services | Team |
Timothy Bremner | SVP, North America | Team |
Peter Jacobs | SVP, Asia Pacific | Team |
Laurence Mahieux | General Counsel | Team |
Stephen Evans | I.t. Manager - North America | Team |
Nathan Kunst | Area Manager - Eastern Australia | Team |
Vanessa Tedesco | Human Resources Manager | Team |
Nathan Elford | GM, Australia | Team |
Complete people profiles for Foraco
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IPO & Listings of Foraco
Foraco is a publicly listed company on the TSX with ticker symbol FAR in Canada, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date01 Aug 2007
- Listed onTSX: FAR
- Listed entityForaco International SA
- Exchange sectorIndustrial services
- ISINFR0010492199
- Share price2.58 CAD (+3.2% on the day) · 2026-10-13
- Market capitalisation252,457,122.00 CAD
- Price to earnings15.0
- EPS (diluted, trailing year)0.17 CAD
- Volume (last session)71,779
Financials of Foraco
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 360.8M CAD | 21.8M CAD | 62.5M CAD |
| 2024 | 402.0M CAD | 38.1M CAD | 79.3M CAD |
| 2023 | 499.5M CAD | 38.8M CAD | 116.5M CAD |
| 2022 | 430.3M CAD | 25.7M CAD | 86.2M CAD |
| 2021 | 338.1M CAD | 44.5M CAD | 53.7M CAD |
Detailed financial statements for Foraco
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Foraco
3 dated milestones of Foraco across 56 years, from founding to its latest funding, stage changes and deals.
- Founded Foraco is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $25.1M.
Web traffic of Foraco
The website of Foraco (foraco.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 149.2% vs previous month
Websites whose visitors overlap most with Foraco. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| datc-group.com | 100% | View details | |||
nella-drilling.com | nella-drilling.com | 100% | #13,034,196 | – | |
minexco.com | minexco.com | 100% | – | ||
| richmont-mines.com | 100% | View details | |||
dune-forage.fr | dune-forage.fr | 70% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Foraco
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Related news about Foraco
Complete news archive for Foraco
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Frequently Asked Questions about Foraco
Foraco was founded in 1961 and raised its 1st funding round 56 years after it was founded.
Foraco is headquartered in Abidjan, Cote D'ivoire.
Foraco has 1,850 employees.
Annual revenue of Foraco is $263.49M as on Dec 31, 2025.
Foraco was established in 1961 and is headquartered in Abidjan, Ivory Coast. Drilling services are delivered by the company to the mining and water sectors. Operations focus on exploration and production drilling, with support for geotechnical and environmental projects. Activities span multiple geographies, including Africa and beyond, as facilitated through the foraco.com domain. Services are tailored to resource extraction and infrastructure needs in these industries.
Foraco offers Mineral Drilling and Water Well Drilling.
Yes, Foraco is publicly traded on TSX under the ticker symbol FAR.
Foraco has 2 investors. Key investors include Oaktree Capital Management, and Kartesia.
Foraco operates through Foraco International Sa.