Petron Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	861,409	809,766	867,966	801,027	857,638	438,057
Revenue Growth (YoY)	3.20%	-6.71%	8.36%	-6.60%	95.78%	53.15%
Cost of Revenue	810,513	755,895	823,632	756,389	825,412	408,987
Gross Profit	50,896	53,871	44,334	44,638	32,226	29,070
Selling, General & Admin	19,406	18,852	17,214	15,911	14,454	13,329
Other Operating Expenses	-2,029	-1,909	-1,560	-1,457	-1,322	-1,021
Operating Expenses	17,377	16,943	15,654	14,454	13,132	12,308
Operating Income	33,519	36,928	28,680	30,184	19,094	16,762
Interest Expense	-15,150	-16,283	-18,328	-16,927	-11,108	-8,134
Interest & Investment Income	1,214	1,182	1,201	1,284	898	564
Earnings From Equity Investments	157	167	114	89	66	11
Currency Exchange Gain (Loss)	-	-	-	-	-3,678	-1,242
Other Non Operating Income (Expenses)	-3,258	-2,589	1,327	-1,520	3,079	-687
EBT Excluding Unusual Items	16,482	19,405	12,994	13,110	8,351	7,274
Gain (Loss) on Sale of Investments	-	-	-	-	54	23
Pretax Income	16,482	19,405	12,994	13,110	8,405	7,297
Income Tax Expense	3,102	3,778	4,523	2,998	1,480	1,161
Earnings From Continuing Operations	13,380	15,627	8,471	10,112	6,925	6,136
Minority Interest in Earnings	-455	-875	-2	-883	-973	-767
Net Income	12,925	14,752	8,469	9,229	5,952	5,369
Preferred Dividends & Other Adjustments	4,620	4,620	5,664	6,684	5,589	4,936
Net Income to Common	8,305	10,132	2,805	2,545	363	433
Net Income Growth	52.42%	74.19%	-8.24%	55.06%	10.86%	-
Shares Outstanding (Basic)	-	9,008	9,375	9,375	9,375	9,375
Shares Outstanding (Diluted)	-	9,008	9,375	9,375	9,375	9,375
Shares Change (YoY)	-	-3.91%	-	-	-	-
EPS (Basic)	-	1.12	0.30	0.27	0.04	0.05
EPS (Diluted)	-	1.12	0.30	0.27	0.04	0.05
EPS Growth	-	275.93%	10.22%	601.10%	-16.16%	-
Free Cash Flow	56,096	61,634	3,248	13,269	-28,058	-19,863
Free Cash Flow Per Share	-	6.84	0.35	1.42	-2.99	-2.12
Dividend Per Share	0.150	0.150	0.100	0.100	0.100	-
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	5.91%	6.65%	5.11%	5.57%	3.76%	6.64%
Operating Margin	3.89%	4.56%	3.30%	3.77%	2.23%	3.83%
Profit Margin	0.96%	1.25%	0.32%	0.32%	0.04%	0.10%
Free Cash Flow Margin	6.51%	7.61%	0.37%	1.66%	-3.27%	-4.53%
EBITDA	47,749	51,496	42,343	43,702	31,315	26,067
EBITDA Margin	5.54%	6.36%	4.88%	5.46%	3.65%	5.95%
D&A For EBITDA	14,230	14,568	13,663	13,518	12,221	9,305
EBIT	33,519	36,928	28,680	30,184	19,094	16,762
EBIT Margin	3.89%	4.56%	3.30%	3.77%	2.23%	3.83%
Effective Tax Rate	18.82%	19.47%	34.81%	22.87%	17.61%	15.91%
Advertising Expenses	-	841	837	530	464	318

Source: S&P Global Market Intelligence. Standard template. Financial Sources.