[10] Its candidate, incumbent vice president José Gabriel Carrizo, came in sixth place with 5.88% of the vote; and the party suffered significant losses in the legislative and local elections, losing the mayorships of the most populated districts of the country, including Panamá District,[11] San Miguelito,[12] Colón,[13] Arraiján,[14] La Chorrera,[15] David,[16] and Santiago de Veraguas.

Realizing Goals, the party of the president-elect, which was founded in 2021 by former president Ricardo Martinelli, gained 14 seats in the National Assembly.

Another Way Movement, founded in late 2019 by Ricardo Lombana, became the most-voted opposition party by gaining a fourth of the presidential vote, three members of the National Assembly and numerous local governments, including the mayorship of Santiago.

[30][31] The three independent presidential nominations were won by Zulay Rodríguez,[32] a two-term Assembly member for the Democratic Revolutionary Party, Maribel Gordón, an economist and 2019 vice-presidential candidate of the now-defunct Broad Front for Democracy,[33][34][35] and Melitón Arrocha, a former Commerce Minister and member of the Assembly for the Panameñista Party.

[52] Ábrego, an Assembly member, ran promising to celebrate an electoral alliance with Martinelli and Realizing Goals.

[72] His conviction was upheld by the Supreme Court on 2 February 2024, making him ineligible to run again for president in elections that he wanted to contest later in the year.

[73] On 4 March his candidacy was formally revoked by the Electoral Tribunal, which declared his running-mate, former foreign minister José Raúl Mulino, as the replacement presidential candidate in his place without a vice-president.

[77][76] Since his conviction in February 2024, Martinelli has insisted that he would continue his presidential campaign, but has since sought asylum at the Nicaraguan embassy in Panama City.

One poll found an 86% disapproval rating for the incumbent president, Nito Cortizo, and that 9 out of 10 of Panamanians thought the country was on the wrong path.

[5] The closure of the Cobre Panamá copper mine in 2023 was also a significant issue, with all candidates supporting the Supreme Court's decision to annul a 20-year contract awarded to First Quantum Minerals as unconstitutional.

[83] Lombana opposed closing the Darién Gap and instead proposed to improve security conditions for migrants transiting the country.

[84] On 30 April, presidential candidate Melitón Arrocha announced that he was supporting former president Martín Torrijos, but did not formally withdraw his candidacy.

[87] However, inconsistencies in vote counting were reported in Bocas del Toro, Panamá Province, Penonomé, and Veraguas.

[95] The legislative elections produced no majority in the Assembly, necessitating the formation of coalitions in order to control the body.

Nineteen of these are affiliated with the Coalición Vamos,[98] a political organization dedicated to helping political independents be elected to positions across the country, led by Juan Diego Vásquez and Gabriel Silva[99] and which was endorsed by musician and former tourism minister, Rubén Blades.

[100] Eduardo Gaitán, who was elected in the multi-member constituency based in San Miguelito, received the most votes of any candidate for the Assembly in the country.

[124][125] The tensions caused by the result in the constituency and the Santiago de Veraguas mayoral election prompted the Electoral Tribunal to call for calm.

[126] In the 2–3 constituency, the eligibility of the apparent winner, Dana Castañeda, was the subject of a legal challenge presented before the Electoral Tribunal since before the election.

[129] In the 8-2 constituency, based in San Miguelito District, preliminary results showed Zulay Rodríguez winning a seat as an independent.

[142] In the 8-6 constituency, in eastern Panama City, the Electoral Prosecutor's Office challenged the election of Alaín Cedeño, designated leader of the Realizing Goals legislative grouping, alleging he exceeded campaign spending limits.

[145][146] In the 13-4 constituency, based in La Chorrera, PRD candidate Eliécer Montenegro filed a challenge to the election of the contituencies three deputies, citing "alterations and errors" in the vote count records.

[147][148] Mayer Mizrachi, candidate of the People's Party, won the Panama City mayoral election with 32.5% of the vote, defeating Edison Broce, an independent Assembly member backed by the Another Way Movement, who took 27.4%.

Willie Bermudez, head of the local government of the Don Bosco corregimiento backed by the alliance of the Panameñista Party and Democratic Change, won 18.9%.

[150] Sergio "Chello" Gálvez, an Assembly member nominated by the alliance of Realizing Goals and the Alliance Party, came in fourth with 11.4%,[151] while incumbent PRD mayor José Luis Fábrega, also nominated by the PRD's electoral allies, the Nationalist Republican Liberal Movement, came in fifth with 7.4% of the vote.

[153]Irma Hernández, an independent affiliated with the Coalición Vamos por Panamá, won the San Miguelito mayoral election with just over 50%, defeating her closest rival Zulay Rodríguez (who also ran for president and reelection to the Assembly), nominated by RM and the Alliance Party, who won 31.1%.

[156]Stefany Dayan Peñalba, an independent endorsed by the PP, won the Arraiján mayoral election, defeating PRD incumbent Rollyns Rodríguez.

[159] Diógenes Galván, an independent backed by Democratic Change, won the Colón mayoral election with 30.5% of the vote.

Luz Omaira, nominated by RM and Alliance, came in second place, while incumbent PRD mayor Alex Lee came in third.

The vote count, where Eric Jaén of the Another Way Movement and Itzela García of the PRD emerged as the primary contenders, generated tensions between supporters of the PRD and the MOCA, with Juan Diego Vásquez, leader of the Vamos Coalition, asking independent candidates to guard the votes.

[167] Fellow candidate Ricardo Lombana congratulated Mulino on his victory,[168] followed by Martín Torrijos and Rómulo Roux.