KUALA LUMPUR: Uni-Fuels Holdings Limited (Uni-Fuels) reported a 64 per cent year-on-year increase in first-quarter (Q1) revenue to US$83.2 million for the period ended March 31, 2026, driven by stronger marine fuel trading volumes and expanded commercial activities, while also raising its full-year revenue guidance. (US$1 = RM3.96)
Its chief executive officer, Koh Kuan Hua said the company saw a “promising start” to 2026 with continued execution of its growth strategy.
He said operational performance remained strong during the quarter, though results were affected by a net loss mainly due to corporate communication expenses.
“We remain focused on building on this momentum through disciplined execution of our growth initiatives, driving consistent performance, and improving returns on capital,” Koh added in a statement.
Gross profit rose 85 per cent to US$1.8 million, with gross profit margin improving to 2.2 per cent from 1.9 per cent a year earlier, the company said.
Meanwhile, marine fuel volumes increased 58 per cent year-on-year to more than 140,000 metric tonnes (MT), reflecting higher commercial activities and customer engagement across key markets.
Following the stronger-than-expected first-quarter performance, Uni-Fuels raised its full-year 2026 revenue guidance to a range of US$320 million to US$340 million, from a prior forecast of US$310 million to US$330 million.
Uni-Fuels is a global provider of marine fuel solutions serving the international shipping industry, with operations across major shipping hubs including Singapore, Seoul, Dubai, Shanghai, Limassol and Bangkok.
— BERNAMA
