Petron records higher revenues, sales despite market challenges

MANILA: Petron has recorded higher revenues and sales amid a challenging market climate.

According to the local fuel company, the first nine months of 2025 produced consolidated revenues of P657.93 billion. Last year — in the same period — the company’s overall sales registered P587.28 billion, which reflected a year-on-year growth of 12 percent.

Petron noted that the improvement “was driven by the company’s sustained volume growth in January-September 2024 of 12 percent to 104.4 million barrels from 93.6 million barrels in 2023.”

The oil player added that the sales from its Philippine operations and Singapore trading arm posted a combined 16 percent increase to 67.8 million barrels, while sales volume from the company’s Malaysian subsidiaries rose four percent to 36.6 million barrels.

Further, the brand’s service station operations in the Philippines fueled the consolidated 7 percent increase in total retail sales driven by Petron’s strong brand attributes and strategic marketing efforts.

Sales from Petron’s commercial and export trades also showed consistent improvements at 7 percent and 11 percent, respectively.

“Amid this challenging business environment, Petron managed an operating income of P22.3 billion in the first nine months from P27.0 billion in the same period last year. The strong performance of the company’s marketing segment was weighed down by the correction in refining margins resulting in a net income for the nine-month period of P7.1 billion from P9.5 billion in 2023,” the company wrote in a press release.

Not too long ago, Petron listed on the Philippine Stock Exchange the P16.83 billion the company raised from its latest preferred shares offering. In addition, it also launched the Tapat Sa’Yo campaign recently.

“Our resilience, while repeatedly tested, continues to carry us through challenging market dynamics. We are grateful for the steady support of our customers and other stakeholders, allowing us to still deliver growth despite temporary setbacks,” Petron President and Chief Executive Officer Ramon Ang was quoted saying.

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