Petro Matad (LSE:MATD) Operating Income: £-2.43 Mil (TTM As of Dec. 2025)

What is Petro Matad Operating Income?

Petro Matad LSE:MATD Operating Income is £-2.43 Mil as of Dec. 2025. The stock has 2 warning signs investors should review.

Petro Matad's Operating Income for the six months ended in Dec. 2025 was £-1.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was £-2.43 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Petro Matad's Operating Income for the six months ended in Dec. 2025 was £-1.20 Mil. Petro Matad's Revenue for the six months ended in Dec. 2025 was £1.18 Mil. Therefore, Petro Matad's Operating Margin % for the quarter that ended in Dec. 2025 was -102.30%.

Good Sign:

Petro Matad Ltd operating margin is expanding. Margin expansion is usually a good sign.

Petro Matad's 5-Year average Growth Rate for Operating Margin % was 48.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Petro Matad's annualized ROC % for the quarter that ended in Dec. 2025 was -19.83%. Petro Matad's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -21.01%.

Petro Matad (LSE:MATD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Petro Matad's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-2.404 * ( 1 - 0% )	/	( (11.835	+	12.408)	/ 2 )
=	-2.404	/	12.1215
=	-19.83 %

where

	Invested Capital		(Q: Jun. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14.555	-	1.155	-	( 1.748	-	max(0, 1.183	-	2.748	+	1.748	))
=	11.835

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16.167	-	1.571	-	( 2.31	-	max(0, 1.658	-	3.846	+	2.31	))
=	12.408

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Petro Matad's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.404	/	( ( (11.452 + max(-0.155, 0))	+	(11.433 + max(-1.309, 0)) )	/	2 )
=	-2.404	/	( ( 11.452	+	11.433 )	/	2 )
=	-2.404	/	11.4425
=	-21.01 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.73	+	0.159	+	0.111)	-	(1.155	+	0	+	0)
=	-0.155

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.157	+	0.105)	-	(1.571	+	0	+	0)
=	-1.309

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Petro Matad's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	-1.202	/	1.175
	=	-102.30 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Petro Matad Operating Income Related Terms

Petro Matad Operating Income Historical Data

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The historical data trend for Petro Matad's Operating Income can be seen below:

Petro Matad Operating Income Chart

Petro Matad Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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-1.59

-2.42

-4.68

-7.26

-2.45

Petro Matad Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															-3.18	-2.02	-5.23	-1.23	-1.20

Petro Matad Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-2.43 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of £-2.43 Mil mean?

Petro Matad (LSE:MATD) has a Operating Income of £-2.43 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Petro Matad and its competitors.

Is Petro Matad's Operating Income too high?

Petro Matad's current Operating Income is £-2.43 Mil.

How does Petro Matad's Operating Income compare to COP and EOG?

Petro Matad's Operating Income of £-2.43 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for an Oil & Gas company?

A good Operating Income depends on the Oil & Gas industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Petro Matad and its competitors. Petro Matad's current Operating Income is £-2.43 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petro Matad stock overvalued right now?

Petro Matad (LSE:MATD) has a current Operating Income of £-2.43 Mil. The current Operating Income is £-2.43 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Petro Matad (LSE:MATD), the current Operating Income is £-2.43 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Petro Matad Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:PMG LSE:PRD LSE:QHE LSE:BLOE LSE:PXEN LSE:RBD LSE:JOG LSE:ORCA LSE:ZEN LSE:CAD HKSE:00883 COP TSX:CNQ EOG FANG OXY DVN MIC:NVTK ASX:WDS EQT

Other Exchanges PRTDF:USA HA3:Germany

Address Victory House, Prospect Hill, Douglas, IMN, IM1 1EQ

Website https://www.petromatadgroup.com

Petro Matad Ltd is engaged in the exploration, development, and production of oil reserves in Mongolia. The company's only geographical segment includes Mongolia.