Interoil Exploration and Production (IOX) Q4 2025 earnings summary

Executive summary

• Divested all Argentine assets in February 2026, marking a strategic exit from Argentina to focus on Colombia and new growth opportunities.

• Total operated production for H2 2025 was 312,937 boe, down from 346,001 boe in H2 2024 due to operational disruptions in Argentina.

• Revenue for H2 2025 rose to USD 9.9 million from USD 6.1 million in H2 2024, supported by higher gas prices in Argentina despite lower production.

Financial highlights

• Net result for H2 2025 was a loss of USD 20.2 million, compared to a loss of USD 12.1 million in H2 2024.

• For the full year 2025, net loss widened to USD 29.0 million from USD 17.2 million in 2024.

• Sales for H2 2025 were USD 4.3 million, up from USD 3.8 million in H2 2024.

• Operating activities generated a net cash outflow of USD 2.8 million in H2 2025, compared to USD 3.2 million outflow in H2 2024.

Outlook and guidance

• Post-divestment, the company will focus on optimizing Colombian operations and evaluating new asset opportunities.

• Measures are being implemented to enhance operational and financial stability, including cost discipline and capital structure initiatives.