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LatinNews Daily - 8 May 2025
In brief: Argentine state oil firm YPF posts net loss in Q1
*Argentina’s state oil company Yacimientos Petrolíferos Fiscales (YPF) has released its financial results for the first quarter of 2025, showing a net loss of US$10m. This loss is smaller than the net loss of US$284m in Q4 2024 but contrasts with the net profit of US$657m in Q1 2024. YPF’s operating income in Q1 this year was US$192m, which is lower than the operating income of US$666m in the same quarter last year but marks a recovery from the negative result of US$530m operating loss registered for Q4 last year. The company’s financial expenses showed a net loss of US$256m in Q1 2025, a greater loss that the US$112m loss registered in Q4 2024 but slightly lower than the loss of US$259m in Q1 2024.
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- In brief: Argentine state oil firm YPF posts net loss in Q1