Maputo, 14 Jul (AIM) – Mozambique’s state-owned fuel company, Petromoc, recorded a positive net result of 341.7 million meticais (5.4 million US dollars at the current exchange rate) in 2025.
According to the company’s financial statement, carried out by the British account manager Ernst & Young (EY), this amount was recorded despite a reduction in company’s sales at the order to 10.4 percent, corresponding to 26.1 million meticais.
“This result reflects the decrease in sales of diesel, gasoline, and condensate gas. However, the company closed 2025 with a positive net result of 341,729,832 meticais, against 127,076,705 meticais recorded in 2024”, reads the document.
The report explains that the company’s operations, when it comes to imports and distributions of fuel, increased from 893 million meticais to 1.2 billion.
“The improvement was driven by the category of other operating gains and losses, which grew to 1,984 million meticais. The category of reversals amounted to 2,061 million, including customer impairments, in the amount of 2,057,846,336 meticais”, reads the document.
The company also maintained liabilities related to the State of 19,262 million meticais, including 12,996 million meticais in customs duties and 4,434 million meticais in special tax on fuels.
“In 2025, Petromoc invested 815.6 million meticais in tangible assets, with emphasis on expansion and modernization projects for the fuel terminals in Pemba, Matola, and Nacala. The company also plans to carry out investments valued at 971 million meticais in 2026, including the construction and rehabilitation of tanks, filling stations, and other infrastructures”, explains the report.
According to the financial statement, the company’s equity remains below half of its share capital. “Petromoc ended 2025 with equity of 1,214 million meticais, above the 872 million meticais recorded in the previous year, but still far below the share capital of 8,300 million meticais.
In the same document, the company’s board of directors claimed that it is “monitoring the situation and evaluating the implementation of appropriate measures to strengthen the capital structure.”
Am/
