Cebu-based fuel distributor Top Line Business Development Corp. reported a 21-percent increase in its 2025 net income to P120.29 million on the back of higher fuel sales volume and an expanding retail footprint.
The company saw revenues climb 24 percent to P4.19 billion from P3.37 billion in 2024. The growth was supported by a 31-percent jump in total fuel sales volume, which reached 96.26 million liters compared to 73.45 million liters the previous year.
Top Line chairman and chief executive Eugene Erik Lim said the performance validates the company’s vertical integration strategy. Lim said reinforcing commercial trading while expanding retail presence is building a more diversified and scalable business.
Gross profit margin improved to 9.34 percent in 2025 from 8.57 percent in 2024. Commercial fuel sales, the company’s primary revenue driver, rose 28 percent to 92.65 million liters, generating P3.98 billion in revenues.
The group’s retail subsidiary, Light Fuels Corp., recorded a 126-percent surge in volume to 3.63 million liters. Retail revenues for the unit jumped 153 percent to P205.73 million as the company expanded its station network.
Top Line senior vice-president and chief operating officer Brigitte Carmel Lim said that while commercial trading remains the core driver, the triple-digit retail growth underscores the demand potential for Light Fuels.
She said the company is positioning itself for resilient growth as it renovates acquired stations.
In the fourth quarter of 2025, Top Line generated P1.10 billion in revenues, up 17 percent from P936.40 million in the same period in 2024. Total fuel volume for the quarter reached 27.52 million liters.
Looking ahead, the company plans to pursue cost optimization to protect margins.
Erik Lim said the company is preparing for a capital-raising initiative in 2026 to support supply chain enhancements, including direct fuel importation and expanded storage infrastructure.
