INPEX CORPORATION ( (IPXHF) ) has released its Q1 earnings. Here is a breakdown of the information INPEX CORPORATION presented to its investors.
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INPEX CORPORATION is a leading player in the energy sector, primarily engaged in the exploration and production of oil and natural gas, with a significant presence in both domestic and international markets.
In its latest earnings report for the three months ending March 31, 2025, INPEX CORPORATION reported a decrease in revenue by 10% compared to the same period last year, amounting to ¥536.9 billion. Despite this decline, the company saw a 3.7% increase in profit attributable to owners of the parent, reaching ¥126.3 billion.
The decrease in revenue was largely attributed to a reduction in sales volume and sales prices of crude oil and natural gas, coupled with the depreciation of the Japanese yen against the U.S. dollar. Operating profit also saw a decline of 14.8%, totaling ¥323.9 billion. However, the company managed to reduce its cost of sales and finance costs, which contributed positively to the bottom line.
Looking ahead, INPEX CORPORATION has revised its financial forecasts for the year, anticipating a challenging environment due to potential declines in crude oil prices and currency fluctuations. The company remains focused on maintaining stable operations across its key projects, including the Ichthys LNG project, to navigate these uncertainties effectively.