Petron Corporation (PSE:PRF3A)

Petron Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Revenue	834,705	867,966	801,027	857,638	438,057	286,033
Revenue Growth (YoY)	-0.62%	8.36%	-6.60%	95.78%	53.15%	-44.39%
Cost of Revenue	791,041	823,632	756,389	825,412	408,987	278,497
Gross Profit	43,664	44,334	44,638	32,226	29,070	7,536
Selling, General & Admin	17,274	17,181	15,911	14,454	13,329	13,453
Other Operating Expenses	-1,585	-1,560	-1,457	-1,322	-1,021	-970
Operating Expenses	15,689	15,621	14,454	13,132	12,308	12,483
Operating Income	27,975	28,713	30,184	19,094	16,762	-4,947
Interest Expense	-18,044	-18,328	-16,927	-11,108	-8,134	-10,255
Interest & Investment Income	1,207	1,201	1,284	898	564	780
Earnings From Equity Investments	123	114	89	66	11	4.16
Currency Exchange Gain (Loss)	-1,771	-1,771	-509	-3,678	-1,242	2,363
Other Non Operating Income (Expenses)	3,457	2,995	-1,048	3,079	-687	-4,265
EBT Excluding Unusual Items	12,947	12,924	13,073	8,351	7,274	-16,320
Gain (Loss) on Sale of Investments	70	70	37	54	23	-9
Gain (Loss) on Sale of Assets	-	-	-	-	-	95
Other Unusual Items	-	-	-	-	-	23
Pretax Income	13,017	12,994	13,110	8,405	7,297	-16,211
Income Tax Expense	4,470	4,523	2,998	1,480	1,161	-4,798
Earnings From Continuing Operations	8,547	8,471	10,112	6,925	6,136	-11,413
Minority Interest in Earnings	-67	-2	-883	-973	-767	33
Net Income	8,480	8,469	9,229	5,952	5,369	-11,380
Preferred Dividends & Other Adjustments	5,636	5,664	6,684	5,589	4,936	3,394
Net Income to Common	2,844	2,805	2,545	363	433	-14,774
Net Income Growth	-14.52%	-8.24%	55.06%	10.86%	-	-
Shares Outstanding (Basic)	9,357	9,375	9,375	9,375	9,375	9,375
Shares Outstanding (Diluted)	9,357	9,375	9,375	9,375	9,375	9,375
EPS (Basic)	0.30	0.30	0.27	0.04	0.05	-1.58
EPS (Diluted)	0.30	0.30	0.27	0.04	0.05	-1.58
EPS Growth	-47.44%	10.22%	601.10%	-16.16%	-	-
Free Cash Flow	14,666	3,248	13,269	-28,058	-19,863	-5,634
Free Cash Flow Per Share	1.57	0.35	1.42	-2.99	-2.12	-0.60
Dividend Per Share	0.100	0.100	0.100	0.100	-	-
Gross Margin	5.23%	5.11%	5.57%	3.76%	6.64%	2.63%
Operating Margin	3.35%	3.31%	3.77%	2.23%	3.83%	-1.73%
Profit Margin	0.34%	0.32%	0.32%	0.04%	0.10%	-5.17%
Free Cash Flow Margin	1.76%	0.37%	1.66%	-3.27%	-4.53%	-1.97%
EBITDA	41,681	42,376	43,702	31,315	26,067	3,691
EBITDA Margin	4.99%	4.88%	5.46%	3.65%	5.95%	1.29%
D&A For EBITDA	13,706	13,663	13,518	12,221	9,305	8,638
EBIT	27,975	28,713	30,184	19,094	16,762	-4,947
EBIT Margin	3.35%	3.31%	3.77%	2.23%	3.83%	-1.73%
Effective Tax Rate	34.34%	34.81%	22.87%	17.61%	15.91%	-
Advertising Expenses	-	837	530	464	318	421

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.