International Petroleum Balance Sheet

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
Cash & Equivalents	7.04	246.59	517.07	487.24	18.81
Cash & Short-Term Investments	7.04	246.59	517.07	487.24	18.81
Cash Growth	-97.15%	-52.31%	6.12%	2490.32%	189.47%
Accounts Receivable	73.25	94.27	97.26	112.7	91.06
Other Receivables	19.95	22.35	7.96	4.35	13.61
Receivables	93.19	116.62	105.23	117.04	104.67
Inventory	19.99	20.07	21.81	15.96	20.2
Prepaid Expenses	8.44	12.35	10.99	6.59	6.33
Other Current Assets	1.64	3.22	35.5	11.74	1.16
Total Current Assets	130.3	398.85	690.6	638.57	151.16
Property, Plant & Equipment	1,798	1,504	1,307	997.97	1,020
Other Intangible Assets	11.67	13.88	15.35	-	-
Long-Term Deferred Tax Assets	1.64	1.67	1.83	1.96	67.19
Other Long-Term Assets	35.83	34.79	48.54	41.13	35.75
Total Assets	1,978	1,954	2,063	1,680	1,274
Accounts Payable	39.38	42.63	42.76	20.55	9.04
Accrued Expenses	94.41	119.32	118.91	78.21	45.33
Current Portion of Long-Term Debt	1.94	3.4	3.59	3.43	1.81
Current Portion of Leases	0.93	0.57	0.81	0.75	0.68
Current Income Taxes Payable	0.22	1.15	0.26	17.79	5.09
Other Current Liabilities	23.37	41.01	36.56	29.18	33.02
Total Current Liabilities	160.25	208.08	202.89	149.91	94.98
Long-Term Debt	481.03	441.58	440.48	304.15	109.22
Long-Term Leases	2.96	2.73	2.09	0.51	0.98
Pension & Post-Retirement Benefits	3.37	3.69	0.55	1.48	4.45
Long-Term Deferred Tax Liabilities	122.01	92.75	86.35	56.33	22.14
Other Long-Term Liabilities	280.83	265.39	250.37	201.91	194.36
Total Liabilities	1,050	1,014	982.73	714.29	426.13
Common Stock	40.91	141.17	243.36	338.72	528.76
Retained Earnings	896.69	875.95	795.49	635.9	298.21
Comprehensive Income & Other	-10.57	-77.81	41.22	-9.47	20.41
Total Common Equity	927.03	939.32	1,080	965.14	847.39
Minority Interest	0.15	0.16	0.19	0.19	0.16
Shareholders' Equity	927.18	939.47	1,080	965.33	847.54
Total Liabilities & Equity	1,978	1,954	2,063	1,680	1,274
Total Debt	486.86	448.28	446.97	308.84	112.69
Net Cash (Debt)	-479.83	-201.69	70.11	178.4	-93.88
Net Cash Growth	-	-	-60.70%	-	-
Net Cash Per Share	-4.10	-1.60	0.52	1.19	-0.59
Filing Date Shares Outstanding	112.16	117.27	126.38	136.83	154.04
Total Common Shares Outstanding	112.16	119.06	126.99	136.83	154.04
Working Capital	-29.95	190.77	487.71	488.66	56.18
Book Value Per Share	8.27	7.89	8.51	7.05	5.50
Tangible Book Value	915.36	925.44	1,065	965.14	847.39
Tangible Book Value Per Share	8.16	7.77	8.38	7.05	5.50

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