International Petroleum Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	681.5	793.04	848.74	1,129	666.41
Revenue Growth (YoY)	-14.06%	-6.56%	-24.84%	69.46%	105.58%
Cost of Revenue	423.24	443.47	486.14	476.99	325.01
Gross Profit	258.27	349.57	362.6	652.31	341.4
Selling, General & Admin	15.38	14.81	16.89	14.44	12.36
Other Operating Expenses	15.85	13.83	13.41	10.76	11.49
Operating Expenses	162.78	169.28	143.95	160.8	154.93
Operating Income	95.49	180.29	218.65	491.51	186.47
Interest Expense	-46.35	-37.96	-27.24	-22.92	-14.94
Interest & Investment Income	3.16	17.72	21.77	6.97	0.25
Currency Exchange Gain (Loss)	14.65	-12.65	-1.91	-7.87	-1.99
Other Non Operating Income (Expenses)	-20.73	-12.25	-1.95	-2.55	-2.05
EBT Excluding Unusual Items	46.22	135.14	209.32	465.14	167.74
Gain (Loss) on Sale of Assets	0.1	0.4	19.02	-	-
Pretax Income	46.32	135.54	228.34	465.14	167.74
Income Tax Expense	17.38	33.33	55.36	127.41	21.68
Earnings From Continuing Operations	28.94	102.22	172.98	337.73	146.06
Minority Interest in Earnings	-0	-0.02	-0.03	-0.04	-0.03
Net Income	28.94	102.2	172.95	337.68	146.03
Net Income to Common	28.94	102.2	172.95	337.68	146.03
Net Income Growth	-71.69%	-40.91%	-48.78%	131.24%	-
Shares Outstanding (Basic)	115	124	132	147	155
Shares Outstanding (Diluted)	117	126	135	150	158
Shares Change (YoY)	-7.43%	-6.69%	-9.75%	-5.34%	1.27%
EPS (Basic)	0.25	0.82	1.31	2.30	0.94
EPS (Diluted)	0.25	0.81	1.28	2.25	0.92
EPS Growth	-69.14%	-36.72%	-43.11%	144.56%	-
Free Cash Flow	-152.21	-168.99	32.92	444.01	236.95
Free Cash Flow Per Share	-1.30	-1.34	0.24	2.96	1.50
Gross Margin	37.90%	44.08%	42.72%	57.76%	51.23%
Operating Margin	14.01%	22.73%	25.76%	43.52%	27.98%
Profit Margin	4.25%	12.89%	20.38%	29.90%	21.91%
Free Cash Flow Margin	-22.34%	-21.31%	3.88%	39.32%	35.56%
EBITDA	240.73	332.51	342.48	635.99	328.06
EBITDA Margin	35.32%	41.93%	40.35%	56.32%	49.23%
D&A For EBITDA	145.24	152.23	123.83	144.48	141.59
EBIT	95.49	180.29	218.65	491.51	186.47
EBIT Margin	14.01%	22.73%	25.76%	43.52%	27.98%
Effective Tax Rate	37.52%	24.59%	24.25%	27.39%	12.93%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.