INPEX CORPORATION ( (IPXHF) ) has released its Q4 earnings. Here is a breakdown of the information INPEX CORPORATION presented to its investors.
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INPEX Corporation, a major player in the global oil and natural gas industry, specializes in exploration, development, production, and sales of oil and natural gas, and is listed on the Tokyo Stock Exchange. The company’s diversified portfolio includes significant projects such as the Ichthys LNG Project in Australia, which positions it as a key entity in the energy sector.
INPEX Corporation’s latest earnings report for the fiscal year ending December 31, 2024, reveals a solid financial performance with a 4.7% increase in revenue, reaching ¥2,265.8 billion. This growth is attributed to favorable exchange rate conditions and increased sales volume despite a slight decrease in oil prices. The company’s operating profit showed a substantial rise of 14.1%, amounting to ¥1,271.7 billion, while profit attributable to owners of the parent surged by 32.8% to ¥427.3 billion.
Key highlights from the financial report include a notable improvement in the company’s comprehensive income, which soared by 42.3% to ¥878.1 billion, primarily driven by increased contributions from equity investments and a decrease in operating expenses. Additionally, the share of profit from investments using the equity method rose significantly, reflecting the company’s strategic focus on collaborative ventures. The corporation maintained a strong financial position, with total assets increasing to ¥7,380.8 billion and equity attributable to owners climbing to ¥4,821.8 billion.
Looking ahead, INPEX Corporation anticipates a challenging year with expected reductions in revenue and profits for 2025 due to lower projected crude oil prices and planned maintenance activities in key projects. However, the company remains committed to sustaining production levels and enhancing shareholder returns through strategic dividends and share buybacks, aligning with its long-term growth strategy.
Overall, INPEX Corporation’s robust financial performance in 2024 sets a strong foundation for navigating the anticipated market challenges in 2025, with management emphasizing stability in production and ongoing shareholder value enhancement.
