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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Interoil Exploration and Production
Interoil Exploration and Production (IOX) investor relations material
Interoil Exploration and Production Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Aug, 2026
Executive summary
Completed strategic exit from Argentine operations in February 2026, now fully focused on Colombian assets.
Production volumes declined significantly year-over-year due to the divestment and natural field decline.
Achieved a net profit of $24.1 million for H1 2026, driven by a $25.7 million gain on disposal of discontinued operations.
Ongoing efforts to optimize Colombian production and evaluate new growth opportunities.
Financial highlights
Revenue for H1 2026 was $5.8 million, down from $9.6 million in H1 2025.
Net result of $24.1 million in H1 2026, compared to a net loss of $8.8 million in H1 2025.
Gross profit increased to $2.4 million in H1 2026 from $1.0 million in H1 2025.
Net finance expenses totaled $2.6 million in H1 2026.
Cash and cash equivalents (unrestricted) at period end were $34,000, down from $265,000 at year-end 2025.
Outlook and guidance
Focus remains on optimizing Colombian production and strict cost discipline.
Evaluating strategic opportunities, including acquisitions or partnerships, to strengthen the asset base.
Continued dialogue with bondholders to implement a sustainable long-term capital structure before bond maturity in January 2027.
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Latest events from Interoil Exploration and Production
- Argentine exit finalized; H2 2025 net loss deepens to USD 20.2M as focus shifts to Colombia.IOX
Q4 2025 - Production and revenue fell sharply amid operational setbacks and lower oil prices, driving losses.IOXQ2 2025
- Revenue rose despite production decline, but net loss widened and liquidity remains a concern.IOXQ1 2025
- Production and revenue fell sharply, with losses deepening amid operational disruptions.IOXQ3 2024
- Production and revenue growth offset by higher losses and new high-price contracts in Argentina.IOXQ2 2024
- Production and revenue fell amid operational challenges, with a net loss of USD 13.8 million.IOXQ4 2024
Interoil Exploration and Production
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Frequently asked questions
Interoil Exploration and Production is an oil and gas exploration and production company. It focuses on the identification, development, and operation of hydrocarbon resources, primarily in Latin America. The company is involved in upstream activities, which include the exploration, drilling, and extraction of crude oil and natural gas. Interoil works on optimizing its asset portfolio through both conventional and unconventional oil and gas operations. It operates across various fields and basins, partnering with local and international companies to enhance its production capabilities. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.