Interoil Exploration and Production (IOX) Q2 2025 earnings summary

Executive summary

• Total operated production in Q2 2025 was 63,467 boe, down from 100,364 boe in Q2 2024 due to operational disruptions in Argentina and lower oil prices.

• Revenue for Q2 2025 declined to $3.9 million from $5.3 million year-over-year, reflecting both lower production and weaker oil prices.

• The company is focused on restoring production, optimizing costs, and reviewing strategic alternatives to strengthen liquidity.

Financial highlights

• Q2 2025 sales were $3.9 million, down from $5.3 million in Q2 2024; gross profit was negative at -$1.5 million versus $0.3 million a year earlier.

• Net loss for Q2 2025 was $3.9 million, compared to a net loss of $3.4 million in Q2 2024.

• For the first half of 2025, net loss was $8.8 million, compared to $5.1 million in the first half of 2024.

• Cash and cash equivalents (non-collateral) at June 30, 2025, were $0.2 million, down from $1.2 million at year-end 2024.

Outlook and guidance

• Strategy centers on restoring production in Argentina and Colombia, optimizing lifting costs, and strict control of discretionary spending.

• The company is reviewing strategic alternatives for its asset portfolio and seeking to strengthen liquidity through targeted actions.