Petroperú foresees a net profit of US $ 137 million for this year

After completing 100 days of management, Petroperú President Alejandro Narváez presented the financial results of 2024. Although it was estimated that the state oil company reached a net loss of US $ 1,030 million at the end of last year, the truth is that the figure has been lower: US $ 804.9 million.

“There is a difference of approximately US $ 200 million less loss. If the same management policy had been maintained as it was in force until November 8 that I assumed the Directorate of Petroperú, the year would have ended with a loss of more than US $ 1,030, and even more. This is an important difference for the projected this year. ”Narváez emphasized before the media.

For him President of Petroperúthe measures promoted by the Board of Directors such as the reduction of costs and expenses, reactivating the refineries of Conchan and Iquitos, maximizing the profitability of the refining business and reviewing the commercial policy allowed to advance in the company’s financial stabilization. In that line, he clarified that “they will put their best effort” not to ask for more financial support from the State because the figures in blue see a better future.

And for this 2025, the state oil company It would achieve a net profit of US $ 137 million, confirming a positive trend in the company’s performance. However, the president of Petroperú confirmed that January was a month with losses of US $ 24 million due to anomalous waves and raw escape.

“January has been an atypical month, a very bad month for the issue of anomalous waves that have prevented us from doing trade for the state of the sea. And also the issue of crude oil that we had weeks ago that has also hit us and that has meant a graduation of money for the company, ”he said.

Petroperú: 2025 in blue

In addition to the usefulness of PetroperúAlejandro Narváez referred to Ebitda, which is the financial indicator that allows evaluating the capacity to generate surpluses of a company. As reported to the press, the state company closed 2024 with this indicator at -us $ 296 million. However, projections are better for this year.

A positive Ebitda of US $ 667 million in 2025 is estimated, accompanied by total revenues projected by US $ 4,794 million and an increase in market share that will go from 25% to 38%. Similarly, in this report, it is observed that in February, a gain of US $ 47 million would be achieved, while April, July August and December would be the months with higher utilities.

“It is a rather challenging goal considering that it is a competitive market. Ebitda will behave better and we are already turning to show that this indicator will be positive throughout the year. This is what really matters to us because They are the figures that concern our financial creditors. 2025, “he explained.

Finally, Narváez estimated that sales destined for the domestic market could reach 108,000 barrels per day, which would require the three refineries to operate to their maximum production capacity.

Audit of Financial Studies

• As Narváez reported, Petroperú is waiting for the PWC company to provide an answer regarding its decision to be the auditor of its financial statements.