v3.26.1
Customers and Other Financing and Non-Financing Accounts Receivable
 12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
Customers and Other Financing and Non-Financing Accounts Receivable CUSTOMERS AND OTHER FINANCING AND NON-FINANCING ACCOUNTS RECEIVABLE
As of December 31, 2025 and 2024, accounts receivable and other receivables were as follows:
A.    Customers
20252024
Domestic customersPs.90,666,378 Ps.86,225,287 
Export customers21,328,100 40,507,888 
Total customers, netPs.111,994,478 Ps.126,733,175 
Customers and other accounts receivable, net are presented separately in the statement of financial position to conform the financial position more clearly.
The following table shows a breakdown of accounts receivable based on their credit history at December 31, 2025 and 2024, as well as the relation between the breakdown and the impaired amount:
Domestic customers
20252024
CurrentPs.89,172,793 Ps.84,445,056 
1 to 30 days548,374 437,409 
31 to 60 days114,307 219,618 
61 to 90 days9,679 164,720 
More than 90 days12,428,293 9,117,181 
Total102,273,446 94,383,984 
Impaired (reserved)(11,607,068)(8,158,697)
Total domestic customers, netPs.90,666,378 Ps.86,225,287 
Export customers
20252024
CurrentPs.21,088,823 Ps.33,799,362 
1 to 30 days8,237 5,673,672 
31 to 60 days130 259,797 
61 to 90 days118 56,352 
More than 90 days25,952,371 16,956,672 
Total47,049,679 56,745,855 
Impaired (reserved)(25,721,579)(16,237,967)
Total export customers, netPs.21,328,100 Ps.40,507,888 
As of December 31, 2025 and 2024, PEMEX has exposure to credit risk related to accounts receivable, see contractual payment terms in Note 7.
Additionally, the reconciliation for impaired accounts receivable is as follows:
Domestic customers
202520242023
Balance at the beginning of the yearPs.(8,158,697)Ps.(8,752,400)Ps.(5,637,756)
Impairment of accounts receivable(3,448,371)593,703 (3,114,644)
Balance at the end of the yearPs.(11,607,068)Ps.(8,158,697)Ps.(8,752,400)
Export customers
202520242023
Balance at the beginning of the yearPs.(16,237,967)Ps.(167,546)Ps.(190,779)
(Increase) cancellation (1)
(9,504,395)(16,032,261)1,320 
Translation effects20,783 (38,160)21,913 
Balance at the end of the yearPs.(25,721,579)Ps.(16,237,967)Ps.(167,546)
(1) The impairment of export customers recognized in 2025 and 2024 was mainly in uncollectible export accounts due to the lack of a reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the fact that the debtor does not suggest a payment plan.

Methodology to determine the estimation of the impairment of the accounts receivable
PEMEX uses a simplified approach in determining the impairment of accounts receivable. Under this approach, a risk analysis is assigned to each customer level, based on historical data used to predict the loss risk, applying a experienced credit judgment. Credit risk rating is defined using qualitative and quantitative factors that are indicative of the risk of default. Exposures within each credit risk rate are segmented by commercial business lines, so the expected credit loss rate is calculated for each segment based on actual credit loss experienced over the past three years. Additionally, PEMEX considers qualitative factors in determining the expected credit loss.
As of December 31, 2025, the expected percentage of credit loss for accounts receivable was: 7.40% for Industrial Processes and Energy Transformation activities, 8.18% for Corporate activities, 27.50% for Logistics activities, 0.15% for PMI CIM and 0.07% for PMI TRD. Following the dissolution of the subsidiary entities on March 19, 2025, the Logistics
and Corporate activities are included within the Other Operating Subsidiary Companies segment (see Note 6); however,
expected credit loss rates continue to be determined separately for these business lines. As of December 31, 2024, the expected percentage of credit loss for accounts receivable for each Subsidiary Entity and Subsidiary Company was: 4.69% for Pemex Industrial Transformation, 4.94% for Pemex Corporate, 1.64% for Pemex Logistics, 0.13% for PMI CIM and 0.47% for PMI TRD.
The amount of (impairment) of domestic and export customers recognized in the statement of comprehensive income for 2025, 2024 and 2023 was Ps. (12,931,983), Ps. (15,438,558) and Ps. (3,113,324), respectively.

B.    Other financing and non-financing receivables
20252024
Other financing receivables:
Sundry debtors (1)
Ps.18,378,494 Ps.26,789,620 
Employees and officers5,342,168 5,541,324 
Total other financing receivablesPs.23,720,662 Ps.32,330,944 
Other non-financing receivables:
Taxes to be recovered and prepaid taxesPs.46,811,990 Ps.63,432,179 
Special Tax on Production and Services12,951,835 6,135,511 
Other accounts receivable4,706,004 4,965,223 
Total other non-financing receivablesPs.64,469,829 Ps.74,532,913 
(1)Includes Ps. (5,466,747) and Ps. (788,453) of impairment, as of December 31, 2025 and 2024, respectively.