PEMEX to Clear MX$220 Billion in Supplier Debt Through Banobras

Pemex reported total supplier debt of MX$517 billion as of Sept. 30, 2025, up 2.2% from the MX$505 billion recorded at the end of 2024, while confirming plans to settle MX$220 billion in outstanding payments over the coming months under its 2025 Investment Financing Program.

The balance includes supplier liabilities registered through the Payment and Debt Coding (COPADE) system, accounting provisions for goods and services under reconciliation, and debts from subsidiary companies.

The state-owned oil company said it has paid MX$299 billion to suppliers and contractors during the first nine months of the year. To accelerate payment flows, PEMEX is leveraging resources from the Banobras-coordinated financing program, which disbursed MX$2.9 billion in September and MX$26.3 billion in October.

Management said the plan reflects ongoing efforts to strengthen liquidity, improve operational efficiency, and reinforce fiscal discipline. The company’s third-quarter report also highlighted continued progress in operational, financial, and strategic performance, underscoring what PEMEX described as a sustained commitment to efficiency, institutional responsibility, and long-term sustainability.