Singapore: Uni-Fuels Holdings Limited (Uni-Fuels) has announced a robust 64 percent increase in its first-quarter (Q1) revenue, reaching US$83.2 million for the period ending March 31, 2026. This growth was largely driven by heightened marine fuel trading volumes and expanded commercial activities. As a result, the company has also revised its full-year revenue guidance upward. (US$1 = RM3.96)

According to BERNAMA News Agency, Koh Kuan Hua, the Chief Executive Officer of Uni-Fuels, expressed optimism about the company's performance, noting a 'promising start' to the year 2026, attributed to the continual execution of its growth strategy. The operational performance during the quarter remained strong, although a net loss was reported, primarily due to corporate communication expenses.

Koh emphasized the company's commitment to maintaining momentum through disciplined execution of growth initiatives, ensuring consistent performance, and enhancing returns on capital. The company's gross profit saw an 85 percent increase, reaching US$1.8 million, with an improved gross profit margin of 2.2 percent, compared to 1.9 percent from the previous year.

The report also highlighted a significant 58 percent increase in marine fuel volumes year-on-year, surpassing 140,000 metric tonnes (MT). This surge is attributed to increased commercial activities and enhanced customer engagement across key markets.

Given the stronger-than-anticipated performance in the first quarter, Uni-Fuels has revised its full-year 2026 revenue guidance to a range of US$320 million to US$340 million, up from the previous forecast of US$310 million to US$330 million. Uni-Fuels, a global provider of marine fuel solutions, serves the international shipping industry, operating in major shipping hubs such as Singapore, Seoul, Dubai, Shanghai, Limassol, and Bangkok.