Petroperú reports positive EBITDA of $4 million at the end of the first quarter of 2025.

In line with the company's policy of good corporate governance and transparency, Petroperú's Chairman of the Board, Alejandro Narváez Liceras, presented the company's economic and financial results for the first quarter of 2025. These results include the company's institutional and operational strengthening to drive economic growth, increase market share, improve refinery operational efficiency, and consolidate vertical integration.

During his presentation, Narváez emphasized that the company has been recording an improvement in its operating and financial results, in contrast to the high level of debt inherited from previous administrations. Key indicators such as EBITDA, which reached $4 million, and the operating margin reflect an encouraging outlook. "Petroperú is on the path to sustainability, and we project to close the year with positive figures," he stated. He also noted that a gross profit of $1 million was achieved in this first quarter, following two consecutive years of losses: $359 million in 2023 and $292 million in 2024.

Among the main measures adopted to reverse the financial situation, Narváez Liceras highlighted that progress has been made in reducing costs and expenses by 30%, equivalent to $227 million, in line with the provisions of Emergency Decree No. 013-2024. These savings will be achieved through budget optimization, strengthening synergies with key suppliers, improving the management of crude oil and product purchases, diversifying the origin of imports, and renegotiating key contracts. The Chairman of the Board also reported that progress is being made in improving the company's operational efficiency, in accordance with the decree, through four strategic fronts: the stabilization and optimization of the Talara, Conchán, and Iquitos refineries, the efficient importation of hydrocarbons, increased sales, and cost reduction across all operations.

He also highlighted the new commercial policy being implemented by the company to boost sales and recover the country's fuel market by attracting new strategic business partners. This is already yielding positive results, with Petroperú's growth in fuel sales, reaching a 29% market share at the end of the first quarter.

"The current Board of Directors' management is focused on the company's operational and financial efficiency, through a clear roadmap, framed by transparency and productivity that guarantees the company's sustainability," said Narváez Liceras.

Likewise, as part of its vertical integration strategy, the company announced that Petroperú seeks to consolidate its presence in exploration and production, given that this activity generates the highest profit margins. Along these lines, a public call has been launched to incorporate a new operating partner for Block 192, and the search for a strategic partner for Block 64 will continue, with the goal of strengthening production and boosting the company's revenue.

Regarding the comprehensive transformation process, the company confirmed that it is still underway, fulfilling the government's mandate. It reported that an international public competition will be launched this year to hire a prestigious company to lead this transformation, based on the recommendations of two specialized international firms. In addition, it announced that the forensic audit of the Talara Refinery will be conducted in the second half of May, and 55 non-strategic assets will be put up for sale as part of the recovery plan, through the Private Investment Promotion Agency (Proinversión).