Listed fuel distributor and retailer Top Line Business Development Corp. sustained its double-digit growth momentum in the first quarter of 2026, driven by strong commercial fuel demand and rapid retail expansion across the Visayas.
The Cebu-based company reported consolidated revenues of P1.76 billion, up 75 percent from P1 billion in the same period last year. Net income climbed 64.3 percent to P62.27 million from P37.89 million, while gross profit jumped 84 percent to P169.90 million from P92.16 million.
Total fuel sales volume rose 43 percent to 31.26 million liters from 21.80 million liters year-on-year, supported by sustained demand from commercial clients and growing contributions from its retail business.
“Our first-quarter performance shows the strength and resilience of our business model,” said chairman, president, and chief executive officer Eugene Erik Lim during a media briefing.
Commercial fuel trade remained the company’s primary revenue source, contributing P1.62 billion, or 92.2 percent of total revenues. The segment grew 67 percent from P970 million a year earlier, while volume increased 38 percent to 29.24 million liters.
Meanwhile, the retail segment under Light Fuels posted triple-digit growth as the company expanded its footprint in underserved markets. Retail revenues surged 332 percent to P137.20 million from P31.74 million, while retail volume rose 220 percent to 2.03 million liters.
Senior vice president and chief operating officer Brigitte Carmel Lim said proceeds from the company’s initial public offering helped accelerate station rollouts and market penetration.
First vice president and chief financial officer Constance Marie Lim said disciplined inventory management and strategic capital deployment would support long-term shareholder value while maintaining reliable access to fuel in underserved communities.
