Shell Pilipinas Corp. reported a 44.7 percent decline in net income for the first half of 2025, totaling P965.32 million, down from P1.7 billion in the same period last year, according to its quarterly filing to the Philippine Stock Exchange.
Net sales also fell by 9 percent year-on-year to P114.1 billion, driven by lower global oil prices and reduced marketing volumes, the company said.
Despite the downturn, Shell Pilipinas noted commercial gains, with new accounts secured in the construction and manufacturing sectors, and an 11 percent volume increase in aviation fuel sales amid the continuing recovery of travel activity.
“We are on track with our Defend, Grow, Deliver strategy,” said President and CEO Lorelie Quiambao Osial, underscoring resilience despite external headwinds.
In a separate filing, the company disclosed securing a P6-billion medium-term loan from the Bank of the Philippine Islands, intended for refinancing, though further details were not disclosed.
The results underscore both the pressures of global market volatility and Shell Pilipinas’ efforts to stabilize through commercial expansion and strategic financing.
