Back 15 May 2025

Petron Corporation Starts 2025 Strong with P4 Billion Net Income in Q1

Link: https://links.sgx.com/1.0.0/corporate-announcements/UJJ1E1SA28N75XAE/820950b835fba28721fea491478109b2bec0e5e488557cb464822e3c18025be1

Summary:

  • Petron Corporation reported a net income of P4,025 million for the first quarter ended March 31, 2025.
  • Gross revenue for the quarter was P194,828 million, with gross expense at P185,356 million.
  • Basic earnings per share for the quarter were P0.39.
  • As of March 31, 2025, the company's financial position included total assets of P453,609 million, total liabilities of P347,881 million, total debt of P243,729 million, and stockholders' equity of P105,728 million.
  • Petron Corporation operates as an oil refining and marketing company in the Philippines, with revenues primarily from the sale of petroleum products across its segments.