v3.25.2
Government Bonds, And Other Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Disclosure Of Notes Receivable Government Bonds And Other Long Term Assets [Abstract]  
Summary of Balance of Government Bonds
The following table sets forth the balance of Mexican Government local bonds (the “Government Bonds”) held by Petróleos Mexicanos valued at amortized cost as of March 31, 2025 and December 31, 2024:
March 31,December 31,
20252024
Government bonds (1)
Ps.32,278,935 Ps.35,875,353 
Less: current portion of Government Bonds, net of expected credit losses32,278,935 14,740,032 
Total long-term notes receivablePs.— Ps.21,135,321 
(1)As of March 31, 2025 and December 31, 2024, includes an expected credit loss of Ps. 2,869 for both periods.
Summary of Roll forward of the Mexican Bonds
The roll-forward of the Government Bonds is as follows:
As of March 31,
20252024
Balance as of the beginning of the yearPs.35,875,353 Ps.64,132,418 
Government Bonds collected (1)
(3,586,058)(3,579,085)
Accrued interests620,211 1,407,533 
Interests received from bonds(980,870)(1,928,811)
Amortized cost348,609 469,059 
Reversal of impairment of bonds1,690 — 
Balance at the end of the periodPs.32,278,935 Ps.60,501,114 
(1)On February 20, 2025, one series of Government Bonds was collected.
Summary of Other Assets
As of March 31, 2025 and December 31, 2024, the balance of other assets was as follows:
March 31,December 31,
20252024
Restricted cash (1)
Ps.21,705,766 Ps.17,119,599 
Other4,681,299 4,657,144 
Payments in advance (2)
4,278,568 4,029,445 
Insurance1,870,395 1,922,587 
Total other assetsPs.32,536,028 Ps.27,728,775 

(1)As of March 31, 2025 and December 31, 2024, restricted cash mainly consists of collateral for a financing transaction maturing in November 2026, amounting to Ps.19,485,154 and Ps.14,972,193, respectively, as well as cash related to court-ordered seizures amounting to Ps.2,220,612 and Ps.2,147,406, respectively.
(2)Mainly advance payments to contractors for the construction of the Olmeca Refinery in Dos Bocas, Paraíso, Tabasco, through PTI ID.