What were Puma Energy's first-quarter net profit and EBITDA, and how do they compare year-on-year?

Puma Energy posted $59 million in net profit for the first quarter ending March 31 — triple the amount a year ago — and achieved a record quarterly EBITDA of $149 million, up 62% year-on-year, driven by strong margin performance and a stable cost structure.

What factors contributed to Puma Energy's improved financial performance in Q1, and what challenges affected its operating cash flow?

Puma Energy's improved financial performance was driven by strong margin performance, a stable cost structure, a 5% year-on-year increase in trading volumes to 3.91 million cubic metres (led by retail, commercial, and aviation segments), and a 25% year-on-year rise in gross profits to $307 million; however, operating cash flow was only $27 million due to a $101 million working capital outflow linked to margin calls and elevated fuel prices.

Trafigura's Puma Energy posts record quarterly EBITDA

May 27, 2026

Puma Energy reported record quarterly EBITDA of $149 million and tripled net profit to $59 million, driven by strong margins and volume growth despite volatile macroeconomic conditions.

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Trafigura's Puma Energy posts record quarterly EBITDA

Trafigura's Puma Energy posts record quarterly EBITDA

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