Shell Pilipinas Corporation posted to the Philippine Stock Exchange solid financial results for the first half of 2025, with core earnings climbing 38% year-on-year to PHP2 billion. Net income reached PHP970 million, while free cash flow improved to PHP5 billion, bringing gearing down to 51%.

The company credited the performance to higher sales volumes, a balanced product mix across different price points, disciplined pricing, enhanced loyalty engagement, and supply chain efficiency. President and CEO Lorelie Quiambao Osial said these gains show the company’s strategy and agility in delivering value despite market volatility.

In the fuels segment, volumes remained stable, with Fleet Solutions recording 18% growth. Non-Fuel Retail, which includes Shell Select and Shell Café, posted a 5% increase. Shell Go+, the company’s loyalty program, saw membership rise 17% in the first half, with a refreshed app rolled out to boost digital engagement and brand loyalty.

SPC also advanced its electric mobility initiatives through a partnership with Evro, integrating Shell Recharge into the platform to give EV drivers app-based access to more than 30 charging points nationwide. In commercial fuels, new accounts in construction and manufacturing contributed to significant growth in Shell FuelSave Diesel (+17%), Shell Fuel Oil Plus (+7%), and Industrial Fuel Oil. Aviation volumes rose 11% as travel demand continued to recover.

The non-fuels business also posted gains. Lubricants recorded a 6% volume increase, aided by new distribution partnerships, a shift to premium products, and stronger links with automotive brands. E-commerce lubricant sales tripled year-on-year, while the launch of Shell-exclusive auto service centers – now in three locations with over 10 planned by year-end – expanded the company’s after-sales reach. The Bitumen business showed resilience, rebounding in the second quarter as public infrastructure activity resumed.

The recently inaugurated Davao Import Facility bolstered Shell’s presence in South Mindanao, supporting higher regional sales and improving supply chain efficiency.

SPC reaffirmed its “Defend, Grow, Deliver” strategy for 2025, focusing on safeguarding market share, expanding its businesses, and meeting external commitments. Osial emphasized that Shell’s global market leadership in mobility retail and lubricants continues to strengthen the company’s performance and customer offerings in the Philippines.

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