diff --git a/src/hotspot/share/opto/inlinetypenode.cpp b/src/hotspot/share/opto/inlinetypenode.cpp
index e9733559652..303cc993c3b 100644
--- a/src/hotspot/share/opto/inlinetypenode.cpp
+++ b/src/hotspot/share/opto/inlinetypenode.cpp
@@ -1012,7 +1012,7 @@ Node* InlineTypeNode::Ideal(PhaseGVN* phase, bool can_reshape) {
   //   future, we can move them around more freely such as hoisting out of loops. This is not true
   //   for the old allocation since larval value objects do have unique identities.
   Node* base = is_loaded(phase);
-  if (base != nullptr && !base->is_InlineType() && !phase->type(base)->maybe_null() && AllocateNode::Ideal_allocation(base) == nullptr) {
+  if (base != nullptr && !base->is_InlineType() && !phase->type(base)->maybe_null() && phase->C->allow_macro_nodes() && AllocateNode::Ideal_allocation(base) == nullptr) {
     if (oop != base || phase->type(is_buffered) != TypeInt::ONE) {
       set_oop(*phase, base);
       set_is_buffered(*phase);
diff --git a/test/hotspot/jtreg/compiler/valhalla/inlinetypes/TestMissingOptUseBaseOop.java b/test/hotspot/jtreg/compiler/valhalla/inlinetypes/TestMissingOptUseBaseOop.java
new file mode 100644
index 00000000000..1f142fce7e7
--- /dev/null
+++ b/test/hotspot/jtreg/compiler/valhalla/inlinetypes/TestMissingOptUseBaseOop.java
@@ -0,0 +1,69 @@
+/*
+ * Copyright (c) 2025, Oracle and/or its affiliates. All rights reserved.
+ * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
+ *
+ * This code is free software; you can redistribute it and/or modify it
+ * under the terms of the GNU General Public License version 2 only, as
+ * published by the Free Software Foundation.
+ *
+ * This code is distributed in the hope that it will be useful, but WITHOUT
+ * ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or
+ * FITNESS FOR A PARTICULAR PURPOSE.  See the GNU General Public License
+ * version 2 for more details (a copy is included in the LICENSE file that
+ * accompanied this code).
+ *
+ * You should have received a copy of the GNU General Public License version
+ * 2 along with this work; if not, write to the Free Software Foundation,
+ * Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA.
+ *
+ * Please contact Oracle, 500 Oracle Parkway, Redwood Shores, CA 94065 USA
+ * or visit www.oracle.com if you need additional information or have any
+ * questions.
+ */
+
+package compiler.valhalla.inlinetypes;
+
+/*
+ * @test
+ * @summary When an InlineType has a larval oop and its <init> method is
+ *          not inlined, it prevents the Allocate node of the larval oop
+ *          to be eliminated. This ends up causing the report of a missed
+ *          optimization (InlineTypeNode::Ideal) after macro expansion.
+ *          That optimization should not be carried out, which is what this
+ *          test ensures.
+ * @enablePreview
+ * @modules java.base/jdk.internal.value
+ *          java.base/jdk.internal.vm.annotation
+ * @run main/othervm -XX:+IgnoreUnrecognizedVMOptions
+ *      -Xcomp -XX:-TieredCompilation
+ *      -XX:CompileCommand=compileonly,*TestMissingOptUseBaseOop::test*
+ *      -XX:VerifyIterativeGVN=1110
+ *      compiler.valhalla.inlinetypes.TestMissingOptUseBaseOop
+ * @run main compiler.valhalla.inlinetypes.TestMissingOptUseBaseOop
+ */
+
+public class TestMissingOptUseBaseOop {
+    static class MyClass {}
+
+    static value class MyValue {
+        MyClass obj;
+
+        public MyValue(MyClass obj) {
+            this.obj = obj;
+        }
+    }
+
+    static MyValue field;
+
+    public static void test() {
+        field = new MyValue(null);
+    }
+
+    public static void main(String[] args) {
+        // We want to force inlining failure for MyValue::<init>,
+        // so we need 'new MyValue(...)' but not 'new MyClass()'
+        new MyValue(null);
+        test();
+    }
+}
+