Paratus Energy Services Ltd. announced it has received a payment of approximately $58mn through its subsidiary Fontis Holdings Ltd., marking a notable step in settling overdue receivables in Mexico. The amount comes from a fund established by the Mexican government aimed at supporting investment initiatives and ensuring timely supplier payments by Fontis Energy’s local client.
This transaction forms part of a broader effort to recover outstanding receivables this year. With the latest payment, the total amount collected by the group since January now stands at $271mn. Paratus, whose operations largely depend on offshore service activities through its subsidiaries, prioritises rigorous cash flow management as part of its strategic agenda.
A public mechanism to restore payments to subcontractors
The received payment reflects the beginning of the government-backed mechanism implemented to safeguard continuity of energy investment projects in Mexico. The fund was designed to prevent operational disruptions caused by delayed payments from major companies to their suppliers.
Fontis Energy, a wholly owned entity of Paratus, focuses on technical services for oil and gas projects. The activation of the Mexican fund suggests a political intent to uphold financial commitments towards international partners in a sensitive investment environment.
Ongoing collection efforts throughout 2025
Paratus stated it is continuing efforts to recover its remaining receivables in Mexico, without specifying a timeline for future payments. The company noted that while this initial collection is encouraging, uncertainties remain regarding the pace of future remittances.
Management expressed confidence that the payment aligns with its risk management and liquidity strategy. Monitoring incoming flows from Mexico will remain critical to the company’s financial outlook through the end of the year.
