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Manila Bulletin devider Business devider The Stock Market devider Top Line net climbs to ₱109 million as fuel volume expands

Top Line net climbs to ₱109 million as fuel volume expands

Published Nov 13, 2025 04:07 pm
Listed fuel distributor and retailer Top Line Business Development Corp. (TOP) reported a 21 percent jump in earnings in the first nine months of the year, driven by robust sales growth in both its retail and commercial fuel trade segments.
In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, TOP said that it posted a net income of ₱109.57 million from January to September, up from ₱90.51 million in the same period last year.
Gross revenues also expanded significantly, climbing 26.9 percent to ₱3.09 billion from ₱2.44 billion, signaling steady financial performance.
Light Fuels Corp., TOP’s retail fuel subsidiary, registered its revenues surged 125 percent to ₱132.08 million, fueled by a substantial 168 percent expansion in sales volume to 2.73 million liters. Meanwhile, the commercial fuel trading arm generated a 24 percent increase in revenues, from ₱2.4 billion to ₱2.96 billion. Overall sales volume in this segment jumped 32.8 percent to 68.74 million liters.
TOP Chairman, President, and Chief Executive Officer Eugene Erik Lim attributed the financial growth to the company’s expanding market presence.
“Our performance reflects higher volume turnover and deeper retail market penetration, underscoring our strategy of reaching underserved and unserved communities across the Visayas, where demand for reliable and accessible fuel continues to rise,” Lim said.
For the third quarter alone, the fuel company’s net income grew nine percent to ₱32.7 million, while gross revenues rose 28.3 percent to ₱1.12 billion. Commercial fuel revenues were up 23 percent to ₱1.1 billion from July to September, and the retail segment posted an exceptional expansion of 282 percent in revenues to ₱68.1 million.
TOP’s import subsidiary, Topline Logistics and Development Corp., has been awarded a Certificate of Registration by the Bureau of Customs, which allows the unit to engage in fuel importation activities.
“Once our systems and processes are fully in place, we will commence importation, which will enhance our pricing strategy through better cost and operational efficiencies,” Lim concluded. “Efforts are underway to expand our current depot storage capacity to match the scale of our import activities.”
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