PETRON Corp. on Tuesday said it closed 2025 with its strongest performance to date as net income surged 84 percent to P15.6 billion, from P8.5 billion a year earlier, on the back of sustained domestic volume growth.
Other factors said to have supported the bottom line were improved productivity at its Philippine and Malaysian refineries, savings on financing cost and effective working capital management.
The solid profits came despite a seven-percent decline in revenues to P810 billion from P868 billion, which Petron attributed to lower international prices with the average price of Dubai crude falling 13 percent year-on-year to $69 per barrel in 2025 amid geopolitical events and policy changes.
Petron said that total volumes in the Philippines and Malaysia reached 113.4 million barrels, three percent higher than 2024’s 110 million, although volumes in Malaysia remained steady despite a demand correction following a change in the government-regulated fuel pricing mechanism.
“Despite external challenges, we achieved growth across the business and emerged stronger in an unpredictable market. Our historic performance in 2025 highlights the resilience of our strategy, which not only sustains our growth but also defies industry trends,” Petron President and CEO Ramon S. Ang said in a statement.
“Moving forward, we will continue to strengthen our supply chain, strategically expand our footprint, and make a more meaningful contribution to nation-building as we continue to solidify our leadership position in the industry,” he added.
Petron cited Department of Energy figures showing that it grew its market share as the leading oil company in the Philippines to 27.8 percent in the first half of 2025, up from 25 percent in 2024.
The oil firm said it also retained its dominant position in the liquefied petroleum gas sector, capturing 25.1 percent of the market.
Petron shares on Tuesday surged P0.22, or 7.14 percent, to close at P3.30 each amid a 0.29 percent uptick for the benchmark Philippine Stock Exchange index.
