diff --git a/ipc/util.c b/ipc/util.c
index 594871610d45..1821b6386d3b 100644
--- a/ipc/util.c
+++ b/ipc/util.c
@@ -764,21 +764,21 @@ static struct kern_ipc_perm *sysvipc_find_ipc(struct ipc_ids *ids, loff_t pos,
 			total++;
 	}
 
-	*new_pos = pos + 1;
+	ipc = NULL;
 	if (total >= ids->in_use)
-		return NULL;
+		goto out;
 
 	for (; pos < ipc_mni; pos++) {
 		ipc = idr_find(&ids->ipcs_idr, pos);
 		if (ipc != NULL) {
 			rcu_read_lock();
 			ipc_lock_object(ipc);
-			return ipc;
+			break;
 		}
 	}
-
-	/* Out of range - return NULL to terminate iteration */
-	return NULL;
+out:
+	*new_pos = pos + 1;
+	return ipc;
 }
 
 static void *sysvipc_proc_next(struct seq_file *s, void *it, loff_t *pos)