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Manila Bulletin devider Business devider The Stock Market devider Strategic expansion fuels Top Line's strong first quarter performance

Strategic expansion fuels Top Line's strong first quarter performance

Published May 15, 2025 07:16 pm
Strategic expansion fuelled the robust revenue and bottomline growth of Cebu-based Top Line Business Development Corporation in the first quarter of the year.
In a disclosure to the Philippine Stock Exchange, the firm said its net income jumped by 38 percent year-on-year to ₱37.9 million in the first quarter of 2025 compared to ₱27.5 million in the same period last year.
Top Line also reported a 36 percent year-on-year increase in gross revenues, reaching ₱1 billion in the first quarter of 2025 from ₱738.7 million in the corresponding period last year.
Meanwhile, Top Line’s net earnings growth reflects robust inventory management and a sustained rise in fuel volume sales across its commercial and retail segments.
The Company sold approximately 21.8 million liters of liquid fuels in the first quarter compared to 14.9 million liters in the same period last year, showing a 46% year-on-year increase.
This growth stems from strategic expansion, including an expanded distribution network with new commercial client acquisitions, high retention rates among existing customers, and improved retail market penetration.
Top Line has also posted a net income margin of 3.8 percent and gross income margin 9.2 percent in the first quarter of 2025, slightly higher than 3.7 percent and nine percent in the corresponding period last year, respectively.
“This demonstrates consistent, positive modest improvement in margins year-on-year. Competitive and responsive pricing strategies have contributed to sustaining these healthy margins,” the firm said.
Less than a month after its listing at the PSE, the company also declared cash dividends of ₱0.0032 per common share on May 5, 2025. These dividends will be payable on June 18, 2025, to all stockholders of record as of May 22, 2025.
“Our solid first-quarter performance and the decision to declare dividends reflect Top Line’s resilience and growth-oriented strategy amid current volatile market conditions.
“This salvo also underscores our unwavering commitment to sustainable growth and operational excellence,” said Top Line Chairman, President and CEO Eugene Erik Lim.
He noted that, “We are dedicated to sustaining this momentum and maximizing shareholder value as we pursue our strategic initiatives. With a clear vision for growth, we are well-positioned to capture emerging opportunities ahead.”

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