International Petroleum Corporation concludes share buyback program

International Petroleum Corporation (IPC) successfully completed its normal course issuer bid (NCIB), repurchasing a total of 107,588 common shares between September 1 and 5, 2025. This brought the total repurchases under the NCIB to 7,165,962 shares since December 5, 2024, nearing the maximum target of 7,465,356 shares by December 4, 2025. The repurchased shares will be cancelled, leaving 112,830,502 common shares outstanding with voting rights as of September 5, 2025.

The repurchases during this period included 82,288 shares on Nasdaq Stockholm via Pareto Securities AB and 25,300 shares on the TSX via ATB Securities Inc.

This strategic move is part of IPC's broader commitment to delivering shareholder value, reflecting confidence in its high-quality asset portfolio in Canada, Malaysia, and France, which supports both organic and inorganic growth. The company continues to manage its capital structure effectively.