Filing Flows › Imperial Oil (IMO) › Q4 2025
Imperial Oil (IMO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Imperial Oil (IMO) reported revenue of $11.3B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -6% from the quarter before. Operating margin was 5.6%, net earnings $492M (4.4% of revenue).
Imperial Oil, Q4 2025: revenue $11.3B (-10% year over year), operating margin 5.6%, net earnings $492M, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.3B | -6% | -11% |
| Operating profit | $629M | -10% | -60% |
| Net earnings | $492M | -9% | -60% |
| Operating cash flow | $1.9B | +7% | +7% |
| Free cash flow | $1.3B | -0.6% | -6% |
What changed
Revenue was C$11.3B in Q4 2025, down 11% year over year and down 6% from the previous quarter.
Operating profit was C$0.63B, a 5.6% margin (down 6.9 points year over year). Total costs fell 3% while revenue fell 11%. Net earnings were C$0.49B, down 60% year over year. The effective tax rate was 21.8%.
Operating cash flow was C$1.9B (up 7% year over year), 390% of net earnings. Non-cash charges added back C$0.66B of depreciation and amortization. Working capital and other items added C$0.77B. Capital expenditures of C$0.63B left free cash flow of C$1.3B.
Questions
What was Imperial Oil's revenue in the fourth quarter 2025?
Imperial Oil (IMO) reported revenue of $11.3B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -6% from the quarter before.
Was Imperial Oil profitable in the fourth quarter 2025?
Operating profit was $629M (5.6% of revenue) and net earnings $492M.
Source: Imperial Oil 10-K on SEC EDGAR.