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INPEX, Net Income Forecast for the Fiscal Year Revised Upward by 5%

Thu Nov 13, 2025 3:30 pm JST Earnings

1605 INPEX CORPORATION 【IFRS】

Earnings Report

INPEX CORPORATION <1605> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 13th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) was 293 billion yen, a 1.4% increase compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 5.4%, from the previous forecast of 370 billion yen to 390 billion yen (compared to 427 billion yen in the previous period), and the declining rate is expected to decrease from 13.4% to 8.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) has been revised upward 13.7%, from the previous forecast of 146 billion yen to 166 billion yen (compared to 214 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 31.8% to 22.5%.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 69.8 billion yen, a 9.0% decrease compared to the same period last year. The operating profit margin decreased from 57.1% in the same period last year to 54.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 1,602,224 814,945 923,502 266,212 204.3 73.7 Nov 9, 2023 IFRS
Jan - Sep, 2024 1,747,557 1,018,079 1,048,412 289,422 231.9 80.7 Nov 12, 2024 IFRS
Jan - Sep, 2025 1,520,647 872,943 911,843 293,410 245.4 77.9 Nov 13, 2025 IFRS
YoY -13.0% -14.3% -13.0% +1.4% +5.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 946,133 468,118 488,016 146,473 124.3 50 Aug 8, 2025 IFRS
Jul - Dec, 2025 New 951,133 503,118 525,016 166,473 141.2 50 Nov 13, 2025 IFRS
Revision Rate +0.5% +7.5% +7.6% +13.7% +13.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 1,995,000 1,085,000 1,133,000 370,000 313.9 100 Aug 8, 2025 IFRS
Dec, 2025 New 2,000,000 1,120,000 1,170,000 390,000 330.8 100 Nov 13, 2025 IFRS
Revision Rate +0.3% +3.2% +3.3% +5.4% +5.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,074,976 571,718 585,595 214,758 173.5 43 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 951,133 503,118 525,016 166,473 141.2 50 Nov 13, 2025 IFRS
YoY -11.5% -12.0% -10.3% -22.5% -18.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,164,516 1,114,189 1,253,384 321,708 248.6 74 Feb 13, 2024 IFRS
Dec, 2024 2,265,837 1,271,789 1,298,811 427,344 345.3 86 Feb 13, 2025 IFRS
Dec, 2025 Guidance 2,000,000 1,120,000 1,170,000 390,000 330.8 100 Nov 13, 2025 IFRS
YoY -11.7% -11.9% -9.9% -8.7% -4.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 556,696 318,008 335,196 76,836 61.6 57.1 Nov 12, 2024 IFRS
Oct - Dec, 2024 518,280 253,710 250,399 137,922 111.5 49.0 Feb 13, 2025 IFRS
Jan - Mar, 2025 536,899 323,873 335,359 126,293 105.5 60.3 May 13, 2025 IFRS
Apr - Jun, 2025 511,968 293,009 309,625 97,234 81.2 57.2 Aug 8, 2025 IFRS
Jul - Sep, 2025 471,780 256,061 266,859 69,883 58.4 54.3 Nov 13, 2025 IFRS
YoY -15.3% -19.5% -20.4% -9.0% -5.1%

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