Petron posts record net income in 2025

Petron Corp., the fuel retail and refinery arm of San Miguel Corp., posted a record net income in 2025.

In a disclosure to the Philippine Stock Exchange on Tuesday, Petron reported a net income of P15.6 billion, up 84% from P8.5 billion in 2024.

The record earnings were driven by sustained domestic volume growth, improved productivity at its local and Malaysia refineries, savings on financing costs, and efficient capital management.

Total volumes in the Philippines and Malaysia reached 113.4 million barrels, a 3% increase from 110 million barrels year-on-year.

While revenues fell to P810 billion, down 7% from P868 billion in 2024 due to lower international prices, this was offset by a 28% rise in operating income to P37.3 billion from P29.2 billion.

“Despite external challenges, we achieved growth across the business and emerged stronger in an unpredictable market,” said Petron president and CEO Ramon Ang.

He said the company’s strong 2025 performance reflects the resilience of its strategy and its commitment to growth, industry leadership, and nation-building.

“Our historic performance in 2025 highlights the resilience of our strategy, which not only sustains our growth but also defies industry trends," Ang said.

"We will continue to strengthen our supply chain, strategically expand our footprint, and make a meaningful contribution to nation-building as we solidify our leadership in the industry,” he added.—MCG, GMA Integrated News