<span item_type="fundamental" item_id="c0cfa3321092f6ffc553181c9b2564a3" counter_id="ST/US/INVX" env="prod"></span><span item_type="announcement" item_id="546187806156719105" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 224 M.</p><p></p><h3>Financial Data and Outlook Summary</h3><h4>Revenue</h4><ul><li>Revenue of $224 million, down 7% quarter over quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Net Income</h4><ul><li>Net Income of $15 million, net income margin of 7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Adjusted EBITDA</h4><ul><li>Adjusted EBITDA of $47 million and Adjusted EBITDA Margin of 21%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities of $59 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li><li>Free Cash Flow of $52 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Income from Operations</h4><ul><li>Income from Operations of $58 million (twelve months ended June 30, 2025).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Return on Capital Employed (ROCE)</h4><ul><li>Return on Capital Employed of 13%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Share Repurchase</h4><ul><li>Repurchased 624,531 shares of Innovex common stock at an average price of $14.89 per share as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Acquisition</h4><ul><li>Closed on acquisition of Citadel Casing Solutions, LLC.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Balance Sheet</h4><ul><li>Ended the quarter with $69 million of cash and cash equivalents and $41 million of total debt.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li><li>$110 million of availability under its revolving credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h4>Capital Expenditures</h4><ul><li>Capital expenditures were $7 million (approximately 3% of revenue) for the second quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Innovex expects to generate $230 - $240 million in total revenue in the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li><li>Innovex expects to generate Adjusted EBITDA of $40 - $45 million in the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1042893/000095017025103133/invx-ex99_1.htm"></span></li></ul>

Innovex | 8-K: FY2025 Q2 Revenue: USD 224 M