Petron enjoys 37% profit growth in Jan.-Sept. 2025

MANILA: Petron Corporation’s net income for the first nine months of 2025 has reached P9.7 billion — a 37-percent growth compared to P7.1 billion profit for the same period last year.

The homegrown fuel company attributed the strong earnings to higher domestic sales, lower costs, and improved plant efficiency.

According to the Philippines remaining oil refiner, the positive output was achieved amid an international oil market pressured by geopolitical tensions, shifting policies, and lifting of supply cuts, all of which significantly impacted oil prices.

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For January-September, Petron sales for Philippines and Malaysia reached 84.7 million barrels — a three-percent growth against the 82.6 million barrels delivered in 2024. This growth, the company shared, was largely driven by the 11-percent increase in Philippine retail sales as Petron continued to corner the bigger share of the market.

Further, the growth in domestic volumes — together with higher productivity at Petron’s refineries in Limay, Bataan and Port Dickson, Malaysia — helped reduce the impact of weak regional refining cracks, which dropped 11 percent in the first nine months.

Due to lower international prices, revenues for the initial three quarters of the year slid down by 10 percent — from P657.9 billion last year to P594.9 billion this year.

Petron also claimed that despite the external challenges, it was able to experience P26.6 billion operating incoming — 20-percent more than last year’s P22.2 billion.

“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. 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,” Petron President and CEO Ramon Ang was quoted as saying.

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