Filing Flows › Imperial Oil (IMO) › Q2 2025
Imperial Oil (IMO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Imperial Oil (IMO) reported revenue of $11.2B for the second quarter 2025 (Q2 2025), -16% from a year earlier and -10% from the quarter before. Operating margin was 11.1%, net earnings $949M (8.4% of revenue).
Imperial Oil, Q2 2025: revenue $11.2B (-16% year over year), operating margin 11.1%, net earnings $949M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.2B | -10% | -16% |
| Operating profit | $1.2B | -26% | -16% |
| Net earnings | $949M | -26% | -16% |
| Operating cash flow | $1.5B | -4% | -10% |
| Free cash flow | $994M | -12% | -15% |
What changed
Revenue was C$11.2B in Q2 2025, down 16% year over year and down 10% from the previous quarter.
Operating profit was C$1.2B, a 11.1% margin (down 0.1 points year over year). Total costs fell 16% while revenue fell 16%. The fastest-growing cost line was SG&A (+14%). Net earnings were C$0.95B, down 16% year over year. The effective tax rate was 23.7%.
Operating cash flow was C$1.5B (down 10% year over year), 154% of net earnings. Non-cash charges added back C$0.48B of depreciation and amortization. Capital expenditures of C$0.47B left free cash flow of C$1.0B.
Questions
What was Imperial Oil's revenue in the second quarter 2025?
Imperial Oil (IMO) reported revenue of $11.2B for the second quarter 2025 (Q2 2025), -16% from a year earlier and -10% from the quarter before.
Was Imperial Oil profitable in the second quarter 2025?
Operating profit was $1.2B (11.1% of revenue) and net earnings $949M.
Source: Imperial Oil 10-Q on SEC EDGAR.