INPEX Corporation Reports Mixed Financial Results Amid Revenue Decline

INPEX CORPORATION ( (IPXHF) ) has released its Q2 earnings. Here is a breakdown of the information INPEX CORPORATION presented to its investors.

INPEX Corporation is a leading Japanese company in the oil and gas sector, primarily engaged in the exploration, development, and production of oil and natural gas resources globally.

In its latest earnings report for the six months ending June 30, 2025, INPEX Corporation reported a decrease in revenue by 11.9% to ¥1,048.8 billion, primarily due to a decline in crude oil sales prices. Despite the revenue drop, the company saw a 5.1% increase in profit attributable to owners of the parent, reaching ¥223.5 billion.

Key financial metrics highlighted include a decrease in operating profit by 11.9% to ¥616.8 billion and a decline in profit before tax by 9.6% to ¥644.9 billion. The company attributed these declines to lower sales prices and the appreciation of the Japanese yen against the U.S. dollar. However, cost reductions in exploration and administrative expenses helped mitigate some of the revenue losses. Additionally, INPEX announced an increase in its interim dividend, reflecting confidence in its financial stability.

The company’s financial position showed a decrease in total assets to ¥7,029.3 billion, with a corresponding decrease in total equity to ¥4,829.2 billion. Cash and cash equivalents increased to ¥262.4 billion, indicating strong cash flow from operating activities despite increased investments and financing activities.

Looking ahead, INPEX Corporation remains focused on maintaining safe and reliable operations across its key projects, including the Ichthys Project. The company has revised its financial forecasts for the fiscal year ending December 31, 2025, anticipating improved sales volumes and favorable crude oil prices, which are expected to support its financial performance moving forward.