StocksMedium•3 November 2026•
1 min read
Petron 9-Month Profit Drops 44% to P5.4 Billion Despite Revenue Surge
Key Facts
1Petron reported a 44% drop in nine-month net income to P5.4 billion.
2Consolidated revenue surged 56% to P928.2 billion, driven by higher sales volumes and oil prices.
Petron reported a 44% drop in net income for the first nine months of 2026, falling to P5.4 billion. Bilyonaryo Business reported that consolidated revenue surged 56% to P928.2 billion, supported by higher international oil prices and increased sales volumes.
Profitability was squeezed by rising import premiums and higher freight costs, which caused operating income to fall 28% to P19.1 billion. Chairman and CEO Ramon Ang stated that the company's diversified portfolio and financial discipline provide resilience, even as Singapore trading operations saw a 33% increase in sales volumes.