Financials Inpex Corporation

Equities

1605

JP3294460005

Oil & Gas Exploration and Production

Market Closed - Japan Exchange Other stock markets 12:00:00 13/02/2026 pm IST			5-day change	1st Jan Change
3,473.00 ^JPY	-13.13%		-5.24%	+11.06%

13/02	Japan's Nikkei tracks Wall Street decline, SoftBank Group tanks nearly 9%	RE
13/02	Japan's Nikkei tracks Wall Street decline, SoftBank Group falls	RE

Projected Income Statement: Inpex Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	7,71,046	12,44,369	23,24,660	21,65,702	22,65,837	20,11,351	19,56,281	19,90,028
Change	-	61.39%	86.81%	-6.84%	4.62%	-11.23%	-2.74%	1.73%
EBITDA ¹	4,22,569	7,93,841	15,38,968	13,74,129	16,31,019	14,86,812	10,61,000	13,88,258
Change	-	87.86%	93.86%	-10.71%	18.69%	-8.84%	-28.64%	30.84%
EBIT ¹	2,48,471	5,90,657	12,46,408	11,21,844	12,71,789	11,35,440	10,20,939	10,74,423
Change	-	137.72%	111.02%	-9.99%	13.37%	-10.72%	-10.08%	5.24%
Interest Paid ¹	-19,092	-13,777	-32,446	-55,982	-1,22,469	-82,161	-29,179	-20,000
Earnings before Tax (EBT) ¹	67,394	6,43,457	14,12,443	12,61,400	12,98,811	11,73,473	10,76,640	11,03,078
Change	-	854.77%	119.51%	-10.69%	2.97%	-9.65%	-8.25%	2.46%
Net income ¹	-1,11,699	2,23,048	4,38,276	3,71,531	4,27,344	3,93,836	3,71,837	3,61,710
Change	-	299.69%	96.49%	-15.23%	15.02%	-7.84%	-5.59%	-2.72%
Announcement Date	10/02/21	09/02/22	09/02/23	13/02/24	13/02/25	12/02/26	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	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
Net sales ¹	2,01,115	1,78,248	2,43,697	2,54,700	3,50,817	3,95,155	4,85,391	6,13,085	6,00,267	6,25,917	5,78,476	5,00,313	5,23,046	5,63,867	5,96,800	5,94,061	5,56,696	5,18,280	5,36,899	5,11,968	4,71,780	4,89,333	5,04,050	4,69,200	5,28,650	5,55,300
Change	-	-11.37%	36.72%	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%	3.72%	3.01%	-6.91%	12.67%	5.04%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	3,29,082	3,50,654	4,72,102	4,16,559	4,00,683	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	6.56%	34.63%	-11.77%	-3.81%	-	-	-	-	-	-	-	-	-
EBIT ¹	67,499	57,173	1,06,054	1,17,619	1,78,703	1,88,281	2,28,315	3,56,178	3,31,399	3,30,516	3,06,300	2,64,234	2,68,838	2,82,472	3,80,102	3,19,969	3,18,008	2,53,710	3,23,873	2,93,009	2,56,061	2,52,250	3,02,000	3,02,000	3,02,000	3,02,000
Change	-	-15.3%	85.5%	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%	-1.49%	19.72%	0%	0%	0%
Charge d'intérêts	-4,089	-	-3,523	-	-3,398	-	-3,777	-	-9,591	-	-13,764	-	-14,055	-13,955	-41,304	-28,353	-12,865	-	-19,643	-	-17,260	-	-	-	-	-
Earnings before Tax (EBT) ¹	50,876	-	1,06,043	1,13,802	2,07,424	2,16,188	2,77,865	3,48,329	3,83,193	4,03,056	3,67,995	3,28,490	2,23,477	3,41,438	3,72,923	3,40,293	3,35,196	2,50,399	3,35,359	3,09,625	2,66,859	2,50,350	3,14,000	3,14,000	3,14,000	3,14,000
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%	-6.19%	25.42%	0%	0%	0%
Net income ¹	-4,628	13,728	38,183	13,799	85,740	85,326	94,087	90,375	82,967	1,70,847	1,51,475	1,02,780	26,137	91,139	1,21,829	90,757	76,836	1,37,922	1,26,293	97,234	69,883	1,04,000	98,350	91,400	1,03,200	1,08,500
Change	-	396.63%	178.14%	-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%	48.82%	-5.43%	-7.07%	12.91%	5.14%
Announcement Date	06/11/20	10/02/21	13/05/21	10/08/21	05/11/21	09/02/22	11/05/22	08/08/22	08/11/22	09/02/23	10/05/23	09/08/23	09/11/23	13/02/24	14/05/24	08/08/24	12/11/24	13/02/25	13/05/25	08/08/25	13/11/25	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2026 S1
Net sales ¹	4,98,397	10,98,476	10,78,789	11,90,861	10,74,976	10,48,867	9,14,400
Change	-	120.4%	-1.79%	10.39%	-9.73%	-2.43%	-12.82%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT	2,23,673	5,84,493	5,70,534	7,00,071	-	6,16,882	-
Change	-	161.32%	-2.39%	22.7%	-	-	-
Charge d'intérêts	-6,961	-9,934	-27,972	-69,657	-	-41,952	-
Earnings before Tax (EBT)	2,19,845	6,26,194	6,96,485	7,13,216	5,85,595	6,44,984	-
Change	-	184.83%	11.23%	2.4%	-17.89%	10.14%	-
Net income ¹	51,982	1,84,462	2,54,255	2,12,586	2,14,758	2,23,527	1,81,300
Change	-	254.86%	37.84%	-16.39%	1.02%	4.08%	-18.89%
Announcement Date	10/08/21	08/08/22	09/08/23	08/08/24	13/02/25	08/08/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Inpex Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	10,51,868	9,78,449	10,42,418	8,55,832	8,22,236	8,96,393	7,59,340	6,04,942
Change	-	-6.98%	6.54%	-17.9%	-3.93%	9.02%	-15.29%	-20.33%
Announcement Date	10/02/21	09/02/22	09/02/23	13/02/24	13/02/25	12/02/26	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Inpex Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,64,784	1,71,282	3,14,870	2,15,455	3,01,061	4,22,314	8,50,000	4,67,360
Change	-	3.94%	83.83%	-31.57%	39.73%	40.28%	101.27%	-45.02%
Free Cash Flow (FCF) ¹	1,28,131	2,74,175	2,25,710	5,70,869	3,53,676	2,59,299	2,78,919	3,20,443
Change	-	113.98%	-17.68%	152.92%	-38.05%	-26.68%	7.57%	14.89%
Announcement Date	10/02/21	09/02/22	09/02/23	13/02/24	13/02/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Inpex Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	54.8%	63.79%	66.2%	63.45%	71.98%	73.92%	54.24%	69.76%
EBIT Margin (%)	32.23%	47.47%	53.62%	51.8%	56.13%	56.45%	52.19%	53.99%
EBT Margin (%)	8.74%	51.71%	60.76%	58.24%	57.32%	58.34%	55.04%	55.43%
Net margin (%)	-14.49%	17.92%	18.85%	17.16%	18.86%	19.58%	19.01%	18.18%
FCF margin (%)	16.62%	22.03%	9.71%	26.36%	15.61%	12.94%	14.26%	16.1%
FCF / Net Income (%)	-114.71%	122.92%	51.5%	153.65%	82.76%	65.91%	75.01%	88.59%
Profitability
ROA	-3.56%	4.56%	25.19%	21.12%	6.05%	5.25%	6.25%	4.84%
ROE	-3.9%	7.6%	12.7%	9.4%	9.5%	8.2%	7.8%	7.5%
Financial Health
Leverage (Debt/EBITDA)	2.49x	1.23x	0.68x	0.72x	0.5x	0.6x	0.72x	0.44x
Debt / Free cash flow	8.21x	3.57x	4.62x	1.72x	2.32x	3.46x	2.72x	1.89x
Capital Intensity
CAPEX / Current Assets (%)	21.37%	13.76%	13.54%	9.95%	13.29%	21.07%	43.45%	23.49%
CAPEX / EBITDA (%)	39%	21.58%	20.46%	15.68%	18.46%	28.12%	80.11%	33.67%
CAPEX / FCF (%)	128.61%	62.47%	139.5%	37.74%	85.12%	162.87%	304.75%	145.85%
Items per share
Cash flow per share ¹	200.6	294	534.8	607.5	635.6	626	582.1	565.1
Change	-	46.57%	81.88%	13.6%	4.62%	-1.51%	-1.6%	-2.92%
Dividend per Share ¹	24	48	62	74	86	105.8	130.1	119.9
Change	-	100%	29.17%	19.35%	16.22%	23.04%	22.99%	-7.89%
Book Value Per Share ¹	1,874	2,253	2,892	3,290	4,026	4,073	4,285	4,795
Change	-	20.23%	28.35%	13.76%	22.39%	1.17%	1.25%	11.89%
EPS ¹	-76.5	153.9	320.7	287	345.3	330.8	321.1	308.8
Change	-	301.14%	108.42%	-10.49%	20.3%	-4.2%	-1.63%	-3.84%
Nbr of stocks (in thousands)	14,60,205	13,86,518	13,05,994	12,58,244	11,97,663	11,62,177	11,62,177	11,62,177
Announcement Date	10/02/21	09/02/22	09/02/23	13/02/24	13/02/25	12/02/26	-	-