Petron (PCOR) Q4 2024 earnings summary

Executive summary

• Petron Corporation submitted its Amended General Information Sheet for 2024, reflecting updated corporate and shareholding information as of March 26, 2025.

• The amendment includes the cessation of directorship of Mr. Horacio C. Ramos, who passed away on April 17, 2025.

• The company remains a leading player in the oil industry, with a diversified portfolio and significant domestic and international operations.

Capital allocation and financing

• Total assets as of the latest audited financial statements stand at PHP 372.76 billion.

• Total debt outstanding as of December 31, 2024, is PHP 256.35 billion (consolidated).

• Paid-up capital is PHP 8.95 billion, with additional paid-in capital of PHP 57.70 billion.

• Unrestricted retained earnings as of end-2024 are PHP 12.86 billion.

• Treasury shares include 89.4 million preferred and 459.2 million common shares.

Key financial ratios and metrics

• Percentage of foreign equity is 2.06%, with the majority of shares held by Filipino nationals.

• Top three shareholders: SEA Refinery Corp. (52.68%), PCD Nominee Corp. (21.16%), and San Miguel Corp. (19.10%).