IFRS 18 for analysts

IFRS 18 Presentation and Disclosure in Financial Statements replaces IAS 1 for annual periods beginning on or after 1 January 2027, and the comparative year is restated. It defines operating profit for the first time, adds two required subtotals and brings management-defined performance measures into an audited note. These articles cover what moves in the income statement, what it does to EBIT, EBITDA and long series, and why it does not make peers comparable on its own.

IFRS 18 Watch

What Would an IFRS 18 Operating Profit Look Like for the Oil Majors?

Part 3 of 3 · 9 min

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IFRS 18 Watch

What Happens to "Adjusted" Profit When It Has to Go Through the Audit?

Part 2 of 3 · 7 min

IFRS 18

IFRS 18 Explained for the People Who Read Financial Statements

Guide · 7 min

IFRS 18 Watch

IFRS 18 will standardize your P&L. It will not standardize your peers.

Part 1 of 3 · 6 min

IFRS 18 Watch

What Would an IFRS 18 Operating Profit Look Like for the Oil Majors?

Shell and BP will present an IFRS 18 operating profit from 2027; ExxonMobil and Chevron will publish none. All four on one IFRS 18 basis, 2025 figures.

Part 3 of 39 min readOct 23, 2026

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More from the desk03 / 03

IFRS 18 Watch

What Happens to "Adjusted" Profit When It Has to Go Through the Audit?

Part 2 of 3 · 7 min

IFRS 18

IFRS 18 Explained for the People Who Read Financial Statements

Guide · 7 min

IFRS 18 Watch

IFRS 18 will standardize your P&L. It will not standardize your peers.

Part 1 of 3 · 6 min