TOP Line Business Development Corp. on Wednesday said net income rose 21 percent to P120.29 million last year from P99.44 million in 2024, driven by higher fuel volume sales and rapid retail market penetration.
Consolidated revenues grew 24 percent to P4.19 billion from P3.37 billion in 2024 supported by the solid performance of its commercial fuel trading business.
“Our 2025 performance affirms the strength of our vertical integration strategy,” said Eugene Erik Lim, Top Line chairman, president and CEO.
“By reinforcing our commercial trading operations while expanding our retail presence, we are building a more diversified and scalable business,” he added, noting that cost optimization initiatives were also applied to safeguard margins.
“For this year, we are preparing for a capital-raising initiative to support supply chain enhancements, including direct fuel importation, expanded storage infrastructure, and retail network expansion.
Top Line said aggregate fuel sales rose 31 percent to 96.26 million liters last year from 73.45 million liters in 2024.
Commercial fuel sales grew 28 percent to 92.65 million liters, translating to full-year revenues of P3.98 billion from P3.29 billion in 2024.
Its retail subsidiary, Light Fuels Corp., saw volume sales surge to 3.63 million liters from 1.60 million liters, resulting in retail revenues climbing to P205.73 million.
“While commercial fuel trading remains the core revenue driver of our business, the triple-digit growth in retail underscores the strong demand potential of light fuels,” Top Line Senior Vice President and Chief Operating Officer Brigitte Carmel Lim said.
“As we continue to renovate the acquired stations, we are also positioning ourselves for sustained and resilient growth,” she added.
Top Line shares shed P0.10 to close at P1.62 per share on Wednesday.