ENEOS : Consolidated Financial Results for the Third Quarter of Fiscal Year 2025 （374KB） （374KB）

February 13, 2026

Company name: ENEOS Holdings, Inc. Stock Exchange Listings: Tokyo and Nagoya Code number: 5020 URL: https://www.hd.eneos.co.jp

Representative: Miyata Tomohide Representative Director, CEO

Contact person: Ose Takashi Group Manager, Investor Relations Group, Investor Relations Department Telephone: +81-3-6257-7075

Scheduled date of commencement of dividend payments: -

Supplemental materials for the financial results: Yes

Financial results presentation: Yes (for institutional investors and analysts)

(Amounts of less than 1 million yen are rounded off.)

1. Consolidated Results for the Third Quarter of FY2025 (From April 1, 2025 to December 31, 2025)

   1. Operating Results (Percentage figures represent changes from same period in the previous fiscal year.)

      	Revenue		Operating profit		Profit before tax		Profit attributable to owners of the parent		Total comprehensive income
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      3Q of FY2025	8,722,379	(4.0)	270,785	26.6	258,900	28.1	129,238	(24.3)	212,831	(19.6)
      3Q of FY2024	9,088,986	-	213,953	-	202,092	-	170,691	(17.4)	264,824	(15.4)

      	Basic profit per share	Diluted profit per share
      	Yen	Yen
      3Q of FY2025	48.04	47.95
      3Q of FY2024	59.56	59.45

      Note: In the fourth quarter of the previous fiscal year, the Metals Business consisting of the Company's former subsidiary JX Advanced Metals Corporation("JXAM"), its subsidiaries and other such entities was classified as discontinued operations.

      Accordingly, revenue, operating profit, and profit before tax for the consolidated cumulative third quarter of the previous fiscal year have also been restated based on the amounts from continuing operations, excluding the discontinued operations.

      Therefore, the percentage of year-on-year change of each amount for the previous fiscal year is not shown. In addition, share of profit of investments accounted for using the equity method related to the Metals Business is included in continuing

      operations from the consolidated cumulative third quarter of the current fiscal year.

   2. Financial Position

   	Total assets	Total equity	Total equity attributable to owners of the parent	Equity ratio attributable to owners of the parent
   	Millions of yen	Millions of yen	Millions of yen	%
   3Q of FY2025	9,031,538	3,561,128	3,187,452	35.3
   FY2024	8,789,377	3,470,563	3,100,660	35.3

2. Dividends

   	Annual cash dividends per share
   	End of 1st quarter	End of 2nd quarter	End of 3rd quarter	Year-End	Total
   	Yen	Yen	Yen	Yen	Yen
   FY2024	-	13.00	-	13.00	26.00
   FY2025	-	17.00	-
   FY2025 (Forecast)				17.00	34.00

   Note: Revision to the most recent dividend forecast: No

3. Forecasts of Consolidated Results for Fiscal Year 2025 (From April 1, 2025 to March 31, 2026)

(Percentage figures represent changes from the previous fiscal year.)

Note: Revision to the most recent consolidated earnings forecast: No

The forecasts of consolidated results for the full fiscal year of 2025 remain unchanged from the previous forecasts announced on November 12, 2025.

Average number of shares issued during the period that forms the basis for the calculation of basic profit per share specified above is calculated with the number of issued shares (excluding treasury stock) as of December 31, 2025.

As for the forecast of operating profit excluding inventory valuation factors*, please see the following. Operating profit excluding inventory valuation factors:

Forecast for FY2025: 420,000 million yen (percentage change from the previous fiscal year: 156.6%) (Reference) Actual results for FY2024: 163,670 million yen

(*) The impact of inventory valuation on the cost of sales by using the weighted-average method and by writing down the book value.

1. Significant changes in the scope of consolidation during the term under review: None

2. Changes in accounting policies and in accounting estimates

   1. Changes in accounting policies required by the IFRS: None

   2. Changes in accounting policies other than (i) above: None

   3. Changes in accounting estimates: None

3. Number of shares issued (Common stock)

   1. Number of issued shares at the end of the period (including treasury stock) Third Quarter of FY2025 ended December 31, 2025: 2,706,766,549 shares FY2024 ended March 31, 2025: 3,032,850,649 shares

   2. Number of shares of treasury stock at the end of the period

      Third Quarter of FY2025 ended December 31, 2025: 16,850,089 shares FY2024 ended March 31, 2025: 342,480,503 shares

   3. Average number of shares issued during the period

      Third Quarter of FY2025 ended December 31, 2025: 2,689,983,807 shares Third Quarter of FY2024 ended December 31, 2024: 2,865,637,950 shares

      • Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes (voluntary)

      • Explanation regarding appropriate use of forward-looking statements on results, and other specific comments (Note on Statements Regarding Prospective Matters)

        This material contains forward-looking statements; however, actual results may differ materially from those reflected in such forward-looking statements, due to various factors, including the following, but not limited to:

        (1) changes in macroeconomic conditions or changes in the competitive environment in the energy, resources and materials industries; (2) revisions to laws and strengthening of regulations; and (3) litigation and other similar risks.

      • Changes from the previous fiscal year (or corresponding period in the previous fiscal year) are not presented ("-") if either or both of the fiscal year (or period) under review and the previous fiscal year (or corresponding period) are negative, or if the percentage change is 1,000% or greater.

      Condensed Quarterly Consolidated Financial Statements and Major Explanatory Notes Thereto
      1. Condensed Quarterly Consolidated Statements of Financial Position

         (Millions of yen)

         	FY2024 (As of March 31, 2025)	3Q of FY2025 (As of December 31, 2025)
         ASSETS
         Current assets
         Cash and cash equivalents	846,563	775,385
         Trade and other receivables	1,404,083	1,555,732
         Inventories	1,589,786	1,622,359
         Other financial assets	86,988	158,989
         Other current assets	180,565	185,982
         Sub total	4,107,985	4,298,447
         Assets held for sale	99,553	-
         Total current assets	4,207,538	4,298,447
         Non-current assets
         Property, plant and equipment	3,037,260	3,163,085
         Goodwill	74,201	74,201
         Intangible assets	432,251	407,300
         Investments accounted for using the equity method	610,388	676,289
         Other financial assets	344,803	325,710
         Other non-current assets	36,945	39,525
         Deferred tax assets	45,991	46,981
         Total non-current assets	4,581,839	4,733,091
         TOTAL ASSETS	8,789,377	9,031,538

         (Millions of yen)

         	FY2024 (As of March 31, 2025)	3Q of FY2025 (As of December 31, 2025)
         LIABILITIES
         Current liabilities
         Trade and other payables	1,570,172	1,770,698
         Bonds and borrowings	535,456	580,946
         Income taxes payable	39,097	67,275
         Lease liabilities	59,769	73,441
         Other financial liabilities	16,629	20,268
         Provisions	9,479	10,555
         Other current liabilities	297,213	303,520
         Sub total	2,527,815	2,826,703
         Liabilities directly associated with assets held for sale	69,751	-
         Total current liabilities	2,597,566	2,826,703
         Non-current liabilities
         Bonds and borrowings	1,801,327	1,645,018
         Liabilities for retirement benefits	102,319	91,696
         Lease liabilities	279,475	342,563
         Other financial liabilities	23,448	26,451
         Provisions	132,550	156,612
         Other non-current liabilities	44,537	47,961
         Deferred tax liabilities	337,592	333,406
         Total non-current liabilities	2,721,248	2,643,707
         Total liabilities	5,318,814	5,470,410
         EQUITY
         Common stock	100,000	100,000
         Capital surplus	935,428	687,174
         Retained earnings	2,072,028	2,131,744
         Treasury stock	(257,659)	(9,806)
         Other components of equity	250,863	278,340
         Total equity attributable to owners of the parent	3,100,660	3,187,452
         Non-controlling interests	369,903	373,676
         Total equity	3,470,563	3,561,128
         TOTAL LIABILITIES AND EQUITY	8,789,377	9,031,538

      2. Condensed Quarterly Consolidated Statements of Profit or Loss and Condensed Quarterly Consolidated Statements of Comprehensive Income or Loss

         (Condensed Quarterly Consolidated Statements of Profit or Loss)

         (Millions of yen)

         	3Q of FY2024 (From April 1, 2024 to December 31, 2024)	3Q of FY2025 (From April 1, 2025 to December 31, 2025)
         Continuing operations
         Revenue	9,088,986	8,722,379
         Cost of sales	8,285,216	7,944,943
         Gross profit	803,770	777,436
         Selling, general and administrative expenses	632,630	638,415
         Share of profit of investments accounted for using the equity method	8,569	45,752
         Other operating income	48,598	121,947
         Other operating expenses	14,354	35,935
         Operating profit	213,953	270,785
         Finance income	22,264	17,495
         Finance costs	34,125	29,380
         Profit before tax	202,092	258,900
         Income tax expense	48,704	88,884
         Profit from continuing operations	153,388	170,016
         Discontinued operations
         Profit from discontinued operations	58,298	-
         Profit	211,686	170,016

         Profit attributable to:
         Owners of the parent	170,691	129,238
         Non-controlling interests	40,995	40,778
         Profit	211,686	170,016
         		(Yen)
         Basic profit per share
         Continuing operations	42.40	48.04
         Discontinued operations	17.16	-
         Basic profit per share	59.56	48.04
         Diluted profit per share
         Continuing operations	42.32	47.95
         Discontinued operations	17.13	-
         Diluted profit per share	59.45	47.95

         (Condensed Quarterly Consolidated Statements of Comprehensive Income or Loss)

         3Q of FY2024

         (From April 1, 2024

         to December 31, 2024)

         (Millions of yen)

         3Q of FY2025

         (From April 1, 2025

         to December 31, 2025)

         Profit 211,686 170,016

         Other comprehensive income (loss), net of tax

Items that will not be reclassified to profit or loss

Changes in fair value of financial assets measured at fair

value through other comprehensive income (loss)

(3,713)

2,635

(Applied Framework for Financial Reporting)

The Company's condensed quarterly consolidated financial statements (condensed quarterly consolidated statements of financial position, condensed quarterly consolidated statements of profit or loss, condensed quarterly consolidated statements of comprehensive income or loss, condensed quarterly consolidated statements of changes in equity, condensed quarterly consolidated statements of cash flows, and notes) have been prepared in accordance with Article 5, Paragraph 2 of the Standards for the Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. and Nagoya Stock Exchange, Inc. (however, omission of description specified in Article 5, Paragraph 5 of the said standards is applied), and some of disclosure items and notes required by IAS 34 "Interim Financial Reporting" are omitted.

(Notes on a Going Concern Assumption) Not applicable

(Segment Information)

1. Outline of the Reporting Segments

   The ENEOS Group's business segments consist of those constituent units of the ENEOS Group for which separate financial information is available that are subject to periodic review for the board of directors (the chief operating decision maker) to determine the distribution of management resources and to evaluate business performance. The ENEOS Group treats "Petroleum Products," "Oil and Natural Gas Exploration and Production ("E&P")," "High Performance Materials," "Electricity," and "Renewable Energy" as business segments and reporting segments. The business activities not included in the reporting segments are collectively contained in the "Other" category. During the fourth quarter of the previous fiscal year, JXAM was listed on the Tokyo Stock Exchange Prime Market. In connection with the listing of shares, the Company sold a portion of its shares in JXAM and classified it from a subsidiary to an equity method affiliate. As a result, the Metals Business was classified as discontinued operations in the fourth quarter of the previous fiscal year.

   Accordingly, segment information for the consolidated cumulative third quarter of the previous fiscal year has been restated to exclude the Metals Business and include only continuing operations, and segment information for the consolidated cumulative third quarter of the current fiscal year includes share of profit of investments accounted for using the equity method for the Metals Business as continuing operations in the "Other" category.

   The details of the main products and services or business activities of each reporting segment and the "Other" category are as follows:

   Petroleum Products	Petroleum refining & marketing, basic chemical products, lubricants, gas, and hydrogen
   Oil and Natural Gas E&P	Exploration and development of oil, natural gas, or other mineral and energy resources; recovery, processing, storage, purchase, sale and transport of oil, natural gas, or other mineral and energy resources or their by-products; and capture, transport, storage, and utilization of carbon dioxide
   High Performance Materials	Synthetic rubber, special synthetic rubber, rechargeable buttery materials, emulsion, thermoplastic elastomer, high performance monomer, and high performance polymer
   Electricity	Power generation business, procurement and sale of electricity, city gas, overseas renewable energy, and VPP
   Renewable Energy	Wind power generation, solar power generation, and biomass power generation
   Other	Asphalt paving, civil engineering work, construction work, manufacturing and marketing of non-ferrous metal products, functional materials, and thin-film materials, non-ferrous metal recycling, real estate leasing business, and affairs common to ENEOS Group companies, including fund procurement

2. Information on Revenue, Profit or Loss and Other Items from Each Reporting Segment

   Third Quarter of FY2024 (April 1, 2024 - December 31, 2024)

   (Millions of yen)

   	Petroleum Products	Oil and Natural Gas E&P	High Performance Materials	Electricity
   Revenue
   Revenue from external customers (Note 1)	8,050,543	184,054	257,608	218,166
   Inter-segment revenue or transfers (Note 2)	55,247	-	2,071	4,272
   Total	8,105,790	184,054	259,679	222,438
   Segment profit (loss) (Note 3)	73,414	72,738	13,840	20,633

   (Millions of yen)

   	Renewable Energy	Total reporting segments	Other	Adjustments (Note 4)	Recorded amount on consolidated financial statements
   Revenue
   Revenue from external customers (Note 1)	32,286	8,742,657	346,329	-	9,088,986
   Inter-segment revenue or transfers (Note 2)	360	61,950	19,292	(81,242)	-
   Total	32,646	8,804,607	365,621	(81,242)	9,088,986
   Segment profit (loss) (Note 3)	405	181,030	35,156	(2,233)	213,953

   (Notes) 1. Revenue from external customers includes income generated from contracts with customers as well as income generated from other sources.

   1. Inter-reporting segment revenue or transfers are based on actual market prices.

   2. Segment profit (loss) is stated as operating profit in the condensed quarterly consolidated statements of profit or loss.

   3. The segment profit (loss) adjustment of (2,233) million yen includes the net amount of 1,552 million yen, which is the income and

expenses of the entire Company not allocated to the reporting segments or the "Other" category.

Third Quarter of FY2025 (April 1, 2025 - December 31, 2025)

(Millions of yen)

(Millions of yen)

(Notes) 1. Revenue from external customers includes income generated from contracts with customers as well as income generated from other sources.

1. Inter-reporting segment revenue or transfers are based on actual market prices.

2. Segment profit (loss) is stated as operating profit in the condensed quarterly consolidated statements of profit or loss.

3. The segment profit (loss) adjustment of (1,768) million yen includes the net amount of 796 million yen, which is the income and

   expenses of the entire Company not allocated to the reporting segments or the "Other" category.

4. The segment profit (loss) of 70,082 million yen under "Other" includes share of profit of investments accounted for using the equity method for the Metals Business consisting of JXAM, which became an affiliated company accounted for using the equity method, as well as its subsidiaries and other such entities.

Adjustments from the total amount of segment profit (loss) to profit (loss) before tax are as follows.

(Millions of yen)