Petron Corporation (PSE: PRF3A)

Petron Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	871,677	801,027	857,638	438,057	286,033	514,362
Revenue Growth (YoY)	7.11%	-6.60%	95.78%	53.15%	-44.39%	-7.72%
Cost of Revenue	831,018	756,389	825,412	408,987	278,497	483,855
Gross Profit	40,659	44,638	32,226	29,070	7,536	30,507
Selling, General & Admin	16,737	15,903	14,776	13,329	13,453	16,150
Other Operating Expenses	-1,516	-1,457	-1,322	-1,021	-970	-1,409
Operating Expenses	15,221	14,446	13,454	12,308	12,483	14,741
Operating Income	25,438	30,192	18,772	16,762	-4,947	15,766
Interest Expense	-18,870	-16,927	-11,108	-8,134	-10,255	-12,134
Interest & Investment Income	1,139	1,284	898	564	780	1,340
Earnings From Equity Investments	90	89	66	11	4.16	1.81
Currency Exchange Gain (Loss)	-509	-509	-3,678	-1,242	2,363	2,609
Other Non Operating Income (Expenses)	2,058	-1,061	3,097	-687	-4,265	-3,876
EBT Excluding Unusual Items	9,346	13,068	8,047	7,274	-16,320	3,707
Gain (Loss) on Sale of Investments	37	37	54	23	-9	30
Gain (Loss) on Sale of Assets	33	33	-	-	95	-
Other Unusual Items	-	-	-	-	23	-
Pretax Income	9,416	13,138	8,101	7,297	-16,211	3,737
Income Tax Expense	1,681	3,004	1,404	1,161	-4,798	1,434
Earnings From Continuing Operations	7,735	10,134	6,697	6,136	-11,413	2,303
Minority Interest in Earnings	-416	-893	-970	-767	33	-602
Net Income	7,319	9,241	5,727	5,369	-11,380	1,701
Preferred Dividends & Other Adjustments	5,312	6,684	5,589	4,936	3,394	3,275
Net Income to Common	2,007	2,557	138	433	-14,774	-1,574
Net Income Growth	-0.26%	61.36%	6.67%	-	-	-72.64%
Shares Outstanding (Basic)	9,375	9,375	9,375	9,375	9,375	9,375
Shares Outstanding (Diluted)	9,375	9,375	9,375	9,375	9,375	9,375
EPS (Basic)	0.21	0.27	0.01	0.05	-1.58	-0.17
EPS (Diluted)	0.21	0.27	0.01	0.05	-1.58	-0.17
EPS Growth	85.15%	1752.89%	-68.13%	-	-	-
Free Cash Flow	5,026	12,969	-28,058	-19,863	-5,634	7,815
Free Cash Flow Per Share	0.54	1.38	-2.99	-2.12	-0.60	0.83
Dividend Per Share	0.100	0.100	0.100	-	-	0.100
Gross Margin	4.66%	5.57%	3.76%	6.64%	2.63%	5.93%
Operating Margin	2.92%	3.77%	2.19%	3.83%	-1.73%	3.07%
Profit Margin	0.23%	0.32%	0.02%	0.10%	-5.17%	-0.31%
Free Cash Flow Margin	0.58%	1.62%	-3.27%	-4.53%	-1.97%	1.52%
EBITDA	36,649	41,226	28,716	26,067	3,691	28,165
EBITDA Margin	4.20%	5.15%	3.35%	5.95%	1.29%	5.48%
D&A For EBITDA	11,211	11,034	9,944	9,305	8,638	12,399
EBIT	25,438	30,192	18,772	16,762	-4,947	15,766
EBIT Margin	2.92%	3.77%	2.19%	3.83%	-1.73%	3.07%
Effective Tax Rate	17.85%	22.86%	17.33%	15.91%	-	38.37%
Advertising Expenses	-	530	464	318	421	696

Source: S&P Capital IQ. Standard template. Financial Sources.