Interoil Exploration and Production (IOX) Q2 2026 earnings summary

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.