Filing Flows › Imperial Oil (IMO) › Q3 2025
Imperial Oil (IMO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Imperial Oil (IMO) reported revenue of $12.0B for the third quarter 2025 (Q3 2025), -9% from a year earlier and +7% from the quarter before. Operating margin was 5.8%, net earnings $539M (4.5% of revenue).
Imperial Oil, Q3 2025: revenue $12.0B (-9% year over year), operating margin 5.8%, net earnings $539M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0B | +7% | -9% |
| Operating profit | $701M | -44% | -56% |
| Net earnings | $539M | -43% | -56% |
| Operating cash flow | $1.8B | +23% | +21% |
| Free cash flow | $1.3B | +30% | +29% |
What changed
Revenue was C$12.0B in Q3 2025, down 9% year over year and up 7% from the previous quarter.
Operating profit was C$0.70B, a 5.8% margin (down 6.3 points year over year). Total costs fell 3% while revenue fell 9%. The fastest-growing cost line was SG&A (+179%). Net earnings were C$0.54B, down 56% year over year. The effective tax rate was 23.1%.
Operating cash flow was C$1.8B (up 21% year over year), 334% of net earnings. Non-cash charges added back C$0.91B of depreciation and amortization. Working capital and other items added C$0.35B. Capital expenditures of C$0.50B left free cash flow of C$1.3B.
Questions
What was Imperial Oil's revenue in the third quarter 2025?
Imperial Oil (IMO) reported revenue of $12.0B for the third quarter 2025 (Q3 2025), -9% from a year earlier and +7% from the quarter before.
Was Imperial Oil profitable in the third quarter 2025?
Operating profit was $701M (5.8% of revenue) and net earnings $539M.
Source: Imperial Oil 10-Q on SEC EDGAR.