Financials Inpex Corporation

Stocks

1605

JP3294460005

Oil & Gas Exploration and Production

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-07-14 EDT			5-day change	1st Jan Change
3,524.00 ^JPY	+3.92%		+6.50%	+12.70%

07-07	Shell exits South African fuels via USD1 billion sale to ADNOC	AN
07-07	Japan's Inpex Signs 15-Year LNG Supply Deal with Abu Dhabi National Oil Co.	MT

Projected Income Statement: Inpex Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,244,369	2,324,660	2,165,702	2,265,837	2,011,351	2,398,307	2,343,587	2,263,675
Change	-	86.81%	-6.84%	4.62%	-11.23%	19.24%	-2.28%	-3.41%
EBITDA ¹	793,841	1,538,968	1,374,129	1,631,019	1,486,812	1,686,353	1,660,782	1,593,814
Change	-	93.86%	-10.71%	18.69%	-8.84%	13.42%	-1.52%	-4.03%
EBIT ¹	590,657	1,246,408	1,121,844	1,271,789	1,135,440	1,419,500	1,349,330	1,282,222
Change	-	111.02%	-9.99%	13.37%	-10.72%	25.02%	-4.94%	-4.97%
Interest Paid ¹	-13,777	-32,446	-55,982	-122,469	-82,161	-76,700	-25,272	-33,500
Earnings before Tax (EBT) ¹	643,457	1,412,443	1,261,400	1,298,811	1,173,473	1,492,163	1,431,764	1,313,231
Change	-	119.51%	-10.69%	2.97%	-9.65%	27.16%	-4.05%	-8.28%
Net income ¹	223,048	438,276	371,531	427,344	393,836	477,894	465,916	442,194
Change	-	96.49%	-15.23%	15.02%	-7.84%	21.34%	-2.51%	-5.09%
Announcement Date	2/9/22	2/9/23	2/13/24	2/13/25	2/12/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	243,697	254,700	350,817	395,155	485,391	613,085	600,267	625,917	578,476	500,313	523,046	563,867	596,800	594,061	556,696	518,280	536,899	511,968	471,780	490,704	501,803	748,200	651,300	630,567	558,600	535,000	515,600	511,200
Change	-	4.52%	37.74%	12.64%	22.84%	26.31%	-2.09%	4.27%	-7.58%	-13.51%	4.54%	7.8%	5.84%	-0.46%	-6.29%	-6.9%	3.59%	-4.64%	-7.85%	4.01%	2.26%	49.1%	-12.95%	-3.18%	-11.41%	-4.22%	-3.63%	-0.85%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	329,082	350,654	472,102	416,559	400,683	-	-	-	-	-	380,108	510,900	534,600	502,700	409,600	392,100	377,400	373,900
Change	-	-	-	-	-	-	-	-	-	-	-	6.56%	34.63%	-11.77%	-3.81%	-	-	-	-	-	-0.69%	34.41%	4.64%	-5.97%	-18.52%	-4.27%	-3.75%	-0.93%
EBIT ¹	106,054	117,619	178,703	188,281	228,315	356,178	331,399	330,516	306,300	264,234	268,838	282,472	380,102	319,969	318,008	253,710	323,873	293,009	256,061	262,497	278,215	408,050	404,250	346,900	328,000	312,200	298,800	296,300
Change	-	10.9%	51.93%	5.36%	21.26%	56%	-6.96%	-0.27%	-7.33%	-13.73%	1.74%	5.07%	34.56%	-15.82%	-0.61%	-20.22%	27.65%	-9.53%	-12.61%	2.51%	5.99%	46.67%	-0.93%	-14.19%	-5.45%	-4.82%	-4.29%	-0.84%
Charge d'intérêts ¹	-3,523	-	-3,398	-	-3,777	-	-9,591	-	-13,764	-	-14,055	-13,955	-41,304	-28,353	-12,865	-	-19,643	-	-17,260	-	-15,848	-20,100	-20,800	-19,900	-20,100	-18,300	-16,600	-14,900
Earnings before Tax (EBT) ¹	106,043	113,802	207,424	216,188	277,865	348,329	383,193	403,056	367,995	328,490	223,477	341,438	372,923	340,293	335,196	250,399	335,359	309,625	266,859	261,630	291,352	419,050	416,400	350,450	336,000	322,100	310,300	309,500
Change	-	7.32%	82.27%	4.23%	28.53%	25.36%	10.01%	5.18%	-8.7%	-10.74%	-31.97%	52.78%	9.22%	-8.75%	-1.5%	-25.3%	33.93%	-7.67%	-13.81%	-1.96%	11.36%	43.83%	-0.63%	-15.84%	-4.12%	-4.14%	-3.66%	-0.26%
Net income ¹	38,183	13,799	85,740	85,326	94,087	90,375	82,967	170,847	151,475	102,780	26,137	91,139	121,829	90,757	76,836	137,922	126,293	97,234	69,883	100,426	109,414	128,417	127,750	127,625	111,700	107,100	103,200	102,900
Change	-	-63.86%	521.35%	-0.48%	10.27%	-3.95%	-8.2%	105.92%	-11.34%	-32.15%	-74.57%	248.7%	33.67%	-25.5%	-15.34%	79.5%	-8.43%	-23.01%	-28.13%	43.71%	8.95%	17.37%	-0.52%	-0.1%	-12.48%	-4.12%	-3.64%	-0.29%
Announcement Date	5/13/21	8/10/21	11/5/21	2/9/22	5/11/22	8/8/22	11/8/22	2/9/23	5/10/23	8/9/23	11/9/23	2/13/24	5/14/24	8/8/24	11/12/24	2/13/25	5/13/25	8/8/25	11/13/25	2/12/26	5/13/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	1,098,476	1,078,789	1,190,861	1,074,976	1,048,867	1,255,950	1,442,600	1,093,600	1,026,800
Change	-	-1.79%	10.39%	-9.73%	-2.43%	19.74%	14.86%	-24.19%	-6.11%
EBITDA ¹	-	-	-	-	-	878,300	1,037,300	801,700	751,200
Change	-	-	-	-	-	-	18.1%	-22.71%	-6.3%
EBIT ¹	584,493	570,534	700,071	-	616,882	705,300	862,900	640,200	595,100
Change	-	-2.39%	22.7%	-	-	14.33%	22.35%	-25.81%	-7.04%
Charge d'intérêts ¹	-9,934	-27,972	-69,657	-	-41,952	-35,900	-40,800	-38,400	-31,500
Earnings before Tax (EBT) ¹	626,194	696,485	713,216	585,595	644,984	722,100	878,400	658,100	619,900
Change	-	11.23%	2.4%	-17.89%	10.14%	11.96%	21.65%	-25.08%	-5.8%
Net income ¹	184,462	254,255	212,586	214,758	223,527	238,425	292,100	218,800	206,100
Change	-	37.84%	-16.39%	1.02%	4.08%	6.66%	22.51%	-25.09%	-5.8%
Announcement Date	8/8/22	8/9/23	8/8/24	2/13/25	8/8/25	-	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Inpex Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	978,449	1,042,418	855,832	822,236	1,076,338	1,332,384	1,186,024	1,120,358
Change	-	6.54%	-17.9%	-3.93%	30.9%	23.79%	-10.98%	-5.54%
Announcement Date	2/9/22	2/9/23	2/13/24	2/13/25	2/12/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Inpex Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	171,282	314,870	215,455	301,061	390,000	809,250	616,067	698,567
Change	-	83.83%	-31.57%	39.73%	29.54%	107.5%	-23.87%	13.39%
Free Cash Flow (FCF) ¹	274,175	225,710	570,869	353,676	25,159	295,033	316,050	300,150
Change	-	-17.68%	152.92%	-38.05%	-92.89%	1,072.68%	7.12%	-5.03%
Announcement Date	2/9/22	2/9/23	2/13/24	2/13/25	2/12/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Inpex Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	63.79%	66.2%	63.45%	71.98%	73.92%	70.31%	70.86%	70.41%
EBIT Margin (%)	47.47%	53.62%	51.8%	56.13%	56.45%	59.19%	57.58%	56.64%
EBT Margin (%)	51.71%	60.76%	58.24%	57.32%	58.34%	62.22%	61.09%	58.01%
Net margin (%)	17.92%	18.85%	17.16%	18.86%	19.58%	19.93%	19.88%	19.53%
FCF margin (%)	22.03%	9.71%	26.36%	15.61%	1.25%	12.3%	13.49%	13.26%
FCF / Net Income (%)	122.92%	51.5%	153.65%	82.76%	6.39%	61.74%	67.83%	67.88%
Profitability
ROA	4.56%	25.19%	21.12%	6.05%	5.21%	6.01%	5.8%	5.03%
ROE	7.6%	12.7%	9.4%	9.5%	8.2%	9.6%	9.24%	8.27%
Financial Health
Leverage (Debt/EBITDA)	1.23x	0.68x	0.72x	0.5x	0.72x	0.79x	0.71x	0.7x
Debt / Free cash flow	3.57x	4.62x	1.72x	2.32x	42.78x	4.52x	3.75x	3.73x
Capital Intensity
CAPEX / Current Assets (%)	13.76%	13.54%	9.95%	13.29%	19.39%	33.74%	26.29%	30.86%
CAPEX / EBITDA (%)	21.58%	20.46%	15.68%	18.46%	26.23%	47.99%	37.09%	43.83%
CAPEX / FCF (%)	62.47%	139.5%	37.74%	85.12%	1,550.14%	274.29%	194.93%	232.74%
Items per share
Cash flow per share ¹	294	534.8	607.5	635.6	626	749.6	676	521.4
Change	-	81.88%	13.6%	4.62%	-1.51%	19.74%	-9.82%	-22.87%
Dividend per Share ¹	48	62	74	86	100	110.7	117.9	123.2
Change	-	29.17%	19.35%	16.22%	16.28%	10.67%	6.5%	4.55%
Book Value Per Share ¹	2,253	2,892	3,290	4,026	4,073	4,376	4,679	4,986
Change	-	28.35%	13.76%	22.39%	1.17%	7.43%	6.93%	6.55%
EPS ¹	153.9	320.7	287	345.3	330.8	415.6	413.8	400.7
Change	-	108.42%	-10.49%	20.3%	-4.2%	25.63%	-0.43%	-3.17%
Nbr of stocks (in thousands)	1,386,518	1,305,994	1,258,244	1,197,663	1,172,825	1,162,190	1,162,190	1,162,190
Announcement Date	2/9/22	2/9/23	2/13/24	2/13/25	2/12/26	-	-	-