Petron Corporation (PCOR) investor relations material

Executive summary

• Group achieved strong profitability and operational resilience for the nine months ending September 2025, despite a 7% decline in consolidated revenues to PHP 1.1 trillion due to lower crude and commodity prices and deconsolidation of certain power assets.

• Margin expansion and cost discipline drove a 13% increase in operating income to PHP 137.4 billion and a significant rise in net income to PHP 78.6 billion, aided by fair value and forex gains.

• Core net income (excluding one-offs and forex) improved 54% to PHP 60.3 billion; consolidated EBITDA rose 16% to PHP 194.3 billion.

• Consolidated net income for the first nine months of 2025 rose 37% year-over-year to P9.67 billion, driven by higher domestic sales, lower costs, and improved refinery productivity despite lower prices and refining margins.

• Sustainability and ESG initiatives were integrated into capital expenditure reviews and recognized by multiple awards.

Financial highlights

• Consolidated revenues down 7% year-over-year to PHP 1.1 trillion.

• Operating income up 13% to PHP 137.4 billion; margin expanded from 10.3% to 12.6%.

• Net income rose to PHP 78.6 billion, with core net income up 54% to PHP 60.3 billion.

• EBITDA increased 16% to PHP 194.3 billion.

• Net income: P9.67 billion for Jan–Sep 2025, up from P7.07 billion in the same period last year.

Outlook and guidance

• Petron continues growth and expansion amid political and economic challenges.

• Power segment expects full-year contributions from battery projects and further renewable energy expansion.

• Food and beverage segments anticipate strong Q4 volumes due to seasonal demand.

• Crude oil prices expected to remain stable around $60–$65 per barrel into early 2026.

• The company expects continued growth in domestic sales, supported by increased government consumption and a rebound in exports, but remains cautious due to weak capital formation and subdued industrial activity.