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Manila Bulletin devider Business devider The Stock Market devider Petron hits record P15.6-billion profit in 2025 as sales volumes rise

Petron hits record P15.6-billion profit in 2025 as sales volumes rise

Published Mar 3, 2026 04:46 pm
Petron Corp., the country’s largest oil refiner and retailer, posted a record net income for 2025 as higher sales volumes and refinery efficiencies offset the decline in global crude prices.
In a disclosure to the Philippine Stock Exchange, the company reported a net income of ₱15.6 billion for the year, an 84 percent surge from the ₱8.5 billion recorded in 2024.
The record profit was driven by the three percent increase in total sales volumes in its Philippine and Malaysian operations, which reached 113.4 million barrels compared with 110 million barrels a year earlier.
While the company faced a seven percent drop in annual revenue to ₱810 billion from ₱868 billion in 2024, the decline was largely attributed to softer pricing environment.
Dubai crude, the regional benchmark, averaged $69 per barrel in 2025, a 13 percent decrease from the previous year driven by geopolitical shifts and international policy changes.
Despite the lower top-line figure, Petron’s operating income jumped 28 percent to ₱37.3 billion, bolstered by what the company described as favorable refining economics and a focus on cutting financing costs.
Petron, which operates the only remaining refinery in the Philippines, benefited from optimized plant utilization at its facilities in Bataan and Malaysia. The company managed to capture a larger slice of the domestic market even as competition intensified.
According to data from the Department of Energy, Petron’s market share in the Philippines rose to 27.8 percent in the first half of 2025, from 25 percent in the prior year. It also maintained its lead in the liquefied petroleum gas sector with a 25.1 percent market share.
Ramon S. Ang, Petron president and chief executive officer, said the 2025 results highlight a strategy that has allowed the company to defy broader industry trends.
He noted that the company emerged stronger from an unpredictable market by focusing on supply chain strength and strategic footprint expansion.
Ang added that the firm remains committed to its leadership position while contributing to national economic development.
The company’s ability to grow its bottom line amid falling oil prices underscores a shift toward higher-margin products and tighter working capital management.
In Malaysia, volumes remained stable despite a demand correction triggered by changes in the government’s regulated fuel pricing mechanism.
Moving into 2026, the company's focus remains on sustaining its market dominance and navigating the volatility of the global energy landscape.
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