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Brix Lelis - The Philippine Star
March 27, 2026 | 12:00am
In a stock exchange filing yesterday, the company reported a net income of P2.1 billion in 2025, up by 69 percent from P1.25 billion a year ago.
Philstar.com / Irra Lising
MANILA, Philippines — Oil giant Shell Pilipinas Corp. (SPC) ended 2025 with robust earnings, driven by increased fuel demand and prudent capital management.
In a stock exchange filing yesterday, the company reported a net income of P2.1 billion in 2025, up by 69 percent from P1.25 billion a year ago.
Core earnings likewise improved, rising by 28 percent year-on-year to P3.3 billion.
“The strategic priorities we sharpened — integrated channel growth, disciplined working capital and tighter cost control — are translating into more consistent performance across our portfolio,” SPC president and CEO Lorelie Quiambao Osial said.
“These results demonstrate that our strategy is delivering as intended and that the business is becoming more resilient and better able to navigate a dynamic operating environment,” she added.
In the fuel business, SPC saw a two-percent uptick in volumes on the back of stronger contributions from the business-to-business and commercial segments.
This reinforces the company’s position as the country’s second-largest downstream player in the domestic market despite persistent hypercompetition and aggressive pricing.
The non-fuel businesses, meanwhile, posted a four-percent volume improvement, supported by the modest growth in lubricants and bitumen.
“We remain focused on the fundamentals that matter most – safety, disciplined operations, business continuity and support for our customers and partners through uncertainty,” Osial said.
Amid market challenges, she said SPC would continue to navigate risks prudently and ensure that every decision is guided by “safety, responsibility and long-term resilience.”
SPC, majority owned by the Netherlands’ Shell Overseas Investments BV, is engaged in importing, manufacturing, refining and storing all kinds of petroleum products.
