Petróleos Mexicanos (Pemex) reduced its debt in 2025 to the lowest level in 11 years, while significantly reducing losses compared to those reported in 2024, the company reported yesterday.
He confirmed that the balance of the debt went from 97,632 million dollars in 2024 to 85,248 million dollars at the end of last year, according to the report to the Mexican Stock Exchange (BMV).
“As of December 31, 2025, the balance of financial debt decreased 13 percent compared to the end of 2024, and 19 percent compared to 2018. This is a product of the successful management of the financial operations schemes implemented in conjunction with the Secretariats of Finance and Energy,” said Víctor Rodríguez, general director of Pemex, in the conference with investors.
“This improved the maturity profile, reduced the cost of financing and strengthened the company’s liquidity. This is a new path of debt relief based on responsible management of liabilities, with financial operations that improve the maturity profile, reduce short-term pressures and optimize the cost structure,” said Juan Carlos Carpio Fragoso, Pemex’s finance director.
Carpio Fragoso indicated that in the second half of 2025, through the financial vehicle designed by the Ministry of Finance and executed by the National Bank of Works and Services, 192 billion pesos in debts to suppliers and contractors were settled.
The data published by Pemex indicates that the debt with suppliers went from 505,989 million pesos at the end of 2024 to 434,474 million pesos, which meant a reduction of 14.1 percent annually.
“We will maintain timely, continuous and permanent payment to clean up balance sheets, protect employment, reactivate regional economies and reduce operational risks by ensuring stable operations and cost containment.”
In 2025, Pemex recorded losses of 45,201 million pesos, an amount that was 94.20 percent lower compared to the 780,587 million pesos reported in 2024.
In the fourth quarter, the company reported losses of 146 million 484 thousand pesos, a figure that is less than the 350 thousand 485 million in the same period of the previous year.
In 2025, total revenue from sales and services amounted to one trillion 529 billion pesos.
The cost of sales decreased 13 percent compared to 2024 and the company’s operating profit was 60 billion pesos.
With the payment of the Petroleum Right for Welfare, Pemex contributed 195 billion pesos to the country’s finances.
The production of liquid hydrocarbons was 1,635,000 barrels per day, data that showed a contraction of 7.04 percent compared to the 1,759,000 barrels reported at the end of 2024.