Filing Flows › Imperial Oil (IMO) › Q1 2025
Imperial Oil (IMO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Imperial Oil (IMO) reported revenue of $12.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -0.7% from the quarter before. Operating margin was 13.5%, net earnings $1.3B (10.3% of revenue).
Imperial Oil, Q1 2025: revenue $12.5B (+2% year over year), operating margin 13.5%, net earnings $1.3B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.5B | -0.7% | +2% |
| Operating profit | $1.7B | +7% | +7% |
| Net earnings | $1.3B | +5% | +8% |
| Operating cash flow | $1.5B | -15% | +42% |
| Free cash flow | $1.1B | -17% | +95% |
What changed
Revenue was C$12.5B in Q1 2025, up 2% year over year and down 1% from the previous quarter.
Operating profit was C$1.7B, a 13.5% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 13% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were C$1.3B, up 8% year over year. The effective tax rate was 23.7%.
Operating cash flow was C$1.5B (up 42% year over year), 119% of net earnings. Non-cash charges added back C$0.53B of depreciation and amortization. Working capital and other items used C$0.29B. Capital expenditures of C$0.40B left free cash flow of C$1.1B.
Questions
What was Imperial Oil's revenue in the first quarter 2025?
Imperial Oil (IMO) reported revenue of $12.5B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -0.7% from the quarter before.
Was Imperial Oil profitable in the first quarter 2025?
Operating profit was $1.7B (13.5% of revenue) and net earnings $1.3B.
Source: Imperial Oil 10-Q on SEC EDGAR.