Petron H1 FY26 net income drops 27% to P3.8 billion; revenue jumps 57% to P605.9 billion
Reuters2026/08/04 04:09- Petron posts first-half net income of PHP 3.8 billion, down 27% year on year amid Middle East-driven cost pressures.
- Revenue jumps 57% to PHP 605.9 billion; operating income falls 17% to PHP 12.6 billion on higher product and operating costs.
- Consolidated sales volume rises 6% to 67.9 million barrels, led by an 86% surge in Singapore trading transactions.
- Philippines and Malaysia combined volume slips 6% to 52.9 million barrels, hit by Port Dickson shutdown and Bataan maintenance.
- Petron says Port Dickson replacement jetty is on track for commissioning in Q1 2027; CME plant nears completion as Ang cites financial discipline.
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