The National Petroleum Company (ENAP) reported its consolidated financial results as of March 31, 2025, highlighting A utility of US $ 129.4 million.
That figure – said the state – exceeds US $ 110.5 million obtained in the first quarter of the previous year, which represents an increase in 17,1%equivalent to US $ 18.9 million.
The company registered a consolidated Ebitda of US $ 296.3 million at the close of the first quarter of 2025.
This result is higher in US $ 48.3 million (20%) compared to US $ 247.9 million reached in the same period of 2024.
The best financial performance, enap explained in a statement, is related to “The increase in consolidated gross margin, which reached US $ 293.6 million in the first quarter of 2025, compared to US $ 229.2 million generated in the first quarter of 2024 ″.
“This increase is, to a large extent, by the Greater sale of own valuable production of the refining and marketing line (R&C), which contributed an increase equivalent to US $ 82 million. This operational management allowed to compensate for the reduction of international refining margins and a higher cost in the raw basket, ”said the company.
Julio Friedmann, general manager of ENAP, described as “excellent” the results of the first quarter of 2025.
“They reflect our operational and strategic management, with improvements in the production of high margin products, import reduction and optimization of logistics costs, among others. Despite a challenging market environment, with lower international refining margins and fluctuations in crude oil prices, we have managed to improve our results (…),” he said.
As for the result for business lines, refining and marketing (R&C), it reached a US $ 143.3 million, exceeding US $ 123.3 million from the previous year.
This increase is mainly explained by the Greater sales of own valuable production, due to a change in the sales mix and an optimization of logistics costs.
“For 80 years we have been the energy that moves Chile and in the future we will continue to be. We know that as Enap we are part of an industry that has complexities throughout the world, but we are also aware that we are indispensable, strategic and that without us the country cannot work,” Friedmann concluded.
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