ENEOS swings to loss amid oil price decline
ENEOS Holdings reported a Q1 2025 net loss of 145 million yen, compared with an 81.6 billion yen profit in Q1 2024. Revenue declined 4.2% to 2.87 trillion yen, while operating profit fell 59.7% to 50.3 billion yen.
The company attributed the poor performance to sharp oil price declines, resulting in an 848 million yen inventory valuation loss. Despite the challenging quarter, ENEOS maintains its full-year operating profit forecast of 360 billion yen.
The company classified its metals business as a discontinued operation following the partial sale of JX Metals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Jxtg Holdings publishes news
Free account required • Unsubscribe anytime