Overview
- In a Form 6-K filed on December 15, Pemex disclosed modified agreements to recalendar 2025 supplier and contractor balances recorded through October 31 into quarterly payments of principal and interest over as long as eight years.
- The deferred amount totals 29,236 million pesos, a structure that eases short-term payment pressure for vendors but raises total financing costs and stretches cash flows for smaller firms.
- As of September 30, 2025, total debt stood at 1.8435 trillion pesos (about 100.3 billion dollars), with 51.9%—roughly 957.4 billion pesos—coming due between 2026 and 2028.
- Pemex states its ability to meet obligations depends on operating cash flow, federal capital injections, available credit lines, and refinancing while cautioning about risks from peso depreciation and tighter credit.
- Mexico’s Treasury reported 392 billion pesos in transfers to Pemex from January to November 2025, which analysts say helped push public spending above the program for the first time that year.