TOP Line Business Development Corp. on Monday reported that its net income for the first quarter of 2026 rose to P62.27 million from P37.89 million last year.
The company said the increase was mostly due to the surge in revenues, rising to P1.76 billion from P1 billion.
"Our first-quarter performance shows the strength and resilience of our business model. Commercial fuel trade remains our anchor, providing recurring income while ensuring reliable fuel supply to industrial clients that keep goods moving, equipment running, and supply chains operating across the Visayas,” Top Line Chairman, President and CEO Eugene Erik Lim said.
For her part, Top Line Senior Vice President and COO Brigitte Carmel Lim said, “Our retail performance validates the strategic use of the IPO (initial public offering) proceeds we raised last year for market penetration. We moved quickly when opportunities became available, and that accelerated our station rollout and revenue contribution.”
Commercial fuel trade remained as its main revenue driver, contributing P1.62 billion from P970 million, while volume from the segment also grew to 29.24 million liters from 21.17 million liters last year.
The firm’s retail segment under light fuels posted triple-digit growth as it continued to expand its retail footprint in underserved and emerging growth areas in the Visayas.
Retail revenues surged to P137.20 from P31.74 million, while retail volume rose to 2.03 million liters.
On Monday, Top Line’s share price slightly fell by a centavo to close at P1.39 each.
