Petron nets P9.7B in Jan. – Sept. 2025

Ramon Ang-led fuel retailer Petron Corp. on Tuesday reported a 37% growth in its net income for the first nine months of the year, on the back of higher domestic sales, lower costs, and improved plant efficiency during the period.

In a regulatory filing, Petron said its net income increased to P9.7 billion, while its operating income grew 20% to P26.6 billion. Revenues for the period declined 10% to P594.9 billion due to lower international prices.

The company’s combined sales volume increased by 3% to 84.7 million barrels. Philippine retail sales grew 11%, with domestic volumes and the higher productivity at refineries in Limay, Bataan and Port Dickson, Malaysia offsetting the impact of weak regional refining cracks.

“As a refiner, we’ve had to balance financial resilience with delivering value across every aspect of our business. This year, the market has presented even greater challenges, yet we’re proud of how we’ve stood against external pressures and even competition,” Petron president and chief executive officer Ramon Ang said.

“Our performance over the past three quarters has been a testament to this, and we remain optimistic about maintaining this momentum through the rest of the year,” he added. — Jon Viktor D. Cabuenas/RSJ, GMA Integrated News