INPEX Sees Lower Oil Prices Impacting Earnings in FY2026

Source disclosure: February 12, 2026

INPEX CORPORATION [1605.T]

TOKYO, Feb 12 (Pulse News Wire) – INPEX Corporation (1605.T) reported its fiscal year ended December 2025 results and outlined expectations for the upcoming fiscal year ending December 2026. Despite a 11.67 dollar per barrel decline in average oil prices compared to the previous year, the company managed to achieve a net profit of ¥393.8 billion, marking a decrease of --¥33.50 billion.

For the fiscal year ending December 2026, INPEX forecasts a lower net profit due to anticipated lower oil prices, projecting a drop of ¥330.0 billion compared to the previous year. However, the company expects stable cash generation to support increased investment in the oil and gas sector, aiming for a total return payout ratio of 50% or higher. Additionally, the dividend per share is set to increase to ¥10.80 billion from the previous year's ¥10.00 billion.

During the earnings presentation scheduled, executives will detail their strategic outlook, including robust production projections from key projects such as Abadi, alongside plans for significant growth investments in the oil and gas sector amounting to ¥809.0 billion. The company also highlighted its commitment to environmental sustainability through initiatives aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) framework. In the financial forecast, INPEX anticipates a continued impact from fluctuating crude oil prices and exchange rates, which could affect profitability.

The company’s capital structure remains strong, with a net debt-to-equity ratio of 0.35, indicating solid financial health despite planned increases in exploration and development spending.

AI-translated content. 🔴 Confidence: Review recommended See terms • Original filing