UFG

SINGAPORE, May 26, 2026 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial and Operational Highlights Revenue increased 64% year-over-year to US$83.2 million, supported primarily by higher marine fuel trading volumes and expanded commercial activities. Gross profit increased 85% year-over-year to US$1.8 million. Gross profit margin improved to 2.2% in the first quarter of 2026 from 1.9% in the same period last year. Marine fuel volumes increased 58% year-over-year to over 140,000MT, reflecting increased commercial activities and customer engagements across key markets. First Quarter 2026 Financial Summary 2026 Outlook Following a stronger-than-expected first quarter 2026 performance and improved visibility on commercial activities, the Company is increasing its full-year 2026 revenue guidance to a range of US$320 million to US$340 million up from its prior guidance of US$310 million to US$330 million. Management Commentary “We are encouraged by a promising start to 2026, which reflects the continued execution of our growth strategy,” said Mr. Koh Kuan Hua, Chief Executive Officer of Uni-Fuels. “During the quarter, we delivered year-over-year growth in revenue and marine fuel volumes, and improved gross margins. Operational performance remained strong, although quarterly results were impacted by a net loss primarily attributable to corporate communication expenses incurred during the period. We remain focused on building on this momentum through disciplined execution of our growth initiatives, driving consistent performance, and improving returns on capital. Based on our strong first quarter performance and improving commercial visibility, we are pleased to raise our full year 2026 revenue outlook to US$320 million – US$340 million.” About Uni-Fuels Holdings Limited Uni-Fuels is a fast-growing global provider of marine fuel solutions with a growing presence across major shipping hubs, including Singapore, Seoul, Dubai, Shanghai, Limassol, and Bangkok. Established in 2021, Uni-Fuels has evolved into a dynamic, forward-thinking company delivering customer-centric, compliant, and reliable fuel solutions across global markets and ti...

Marine fuel volumes increased 112% in 2025 Revenue increased 70% year over year to US$263.9 million Gross profit rose 47% year over year to US$4.7 million Global footprint expanded to 156 ports (+79% YoY) SINGAPORE, April 22, 2026 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its audited financial results for the fiscal year ended December 31, 2025. FY2025 Financial and Operational Highlights Uni-Fuels delivered continued growth in 2025, driven by increased trading activity, an expanded global footprint, and a growing customer base. Revenue increased 70% year over year to US$263.9 million, driven by core marine fuel trading activities. Marine fuel volumes increased 112% year over year to over 535,000 MT. Port coverage expanded to 156 locations (+79% YoY), reflecting broader global reach. Gross profit increased to US$4.7 million, while gross profit margin moderated to 1.8%. Working capital increased to US$10.1 million, supporting higher trading volumes. Strategic Developments In FY 2025, Uni-Fuels achieved several strategic milestones: Enhanced its credentials to supply biofuels compliant with the European Union Renewable Energy Directive (“RED II”), including Proof of Sustainability (“PoS”), following the receipt of ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification (“ISCC”). Strengthened its international presence through the establishment of subsidiaries in Dubai, Shanghai, and Limassol, enhancing its ability to access a broader customer base and improve proximity to suppliers across key regions. Diversified its sources of capital, including raising US$3 million via ADDX, a private market platform regulated by the Monetary Authority of Singapore, and through the issuance of its 3M USD Commercial Paper Series 001 and Series 002, both fully repaid upon maturity in 2025. Secured a three-year Letter of Award to supply marine fuels to a leading engineering, procurement, construction, and installation (“EPCI”) contractor in the Asia Pacific offshore oil and gas sector, effective January 1, 2026. Performance Indicators These metrics reflect strong growth in trading activity, customer expansion, and geographic coverage during the year. Financial Position and Efficiency Metrics The Co...

By Thomas Kerr, CFA NASDAQ:UFG READ THE FULL UFG RESEARCH REPORT Interim 6-Month Financial Results On October 28, 2025, Uni-Fuels (NASDAQ:UFG) reported interim financial and operating results for the 6-month period ending June 30, 2025, which exceeded our expectations. Total revenues increased 54% from $74.1 million in the 6-month period ending June 30, 2024, to $114.6 million. This substantial increase was primarily driven by stronger sales momentum across key markets and expanded business activities. The expansion of the company’s sales and marketing department through additional hiring has enabled the company to conduct its own marine fuels sales. As a result, the company substantially broadened its customer base and increased the number of ports to 103, which almost doubled from 52 ports a year ago. The number of customers for marine fuel sales increased to 179 compared to 87 a year ago. Consolidated gross profit increased from $2.07 million compared to $1.46 million in the prior year period. Consolidated gross margin for the 6-month period was approximately 1.8%, compared to 2.0% for the prior year period. This decline was partially driven by a strategic focus on expanding market presence and capturing additional market share for the reselling business. As part of the company’s stated growth strategy, resources were dedicated to acquiring new customers by offering competitive prices in line with market conditions to increase market share. By offering more competitive pricing and strategically allocating resources, the company is able to strengthen its market position and enhance profitability over the long term. We believe future gross margins for the company will be in the 1.5%-2.5% range going forward. SG&A expenses increased to $1.89 million in the 6-month period compared to $1.35 million in the prior year period. Personnel were added in the sales and marketing department to strengthen customer relationships. Additionally, efforts in building and developing relationships with customers and business partners increased, along with business travel and marketing activities. Pre-tax income increased to $198,477 compared to $114,785 in the prior year period. Net income decreased slightly to $90,987 from $101,972 in the prior year period due to high pre-tax income at Uni-Fuels Singapore. Cash balances as of 6/30/25 were $6.7 million, and net working capital...

Strong Operational Performance Drives Revenue and Gross Profit Growth SINGAPORE, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its interim financial results for the six months ended June 30, 2025. Key Strategic Developments On February 12, 2025, the Company’s wholly owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), received ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification (“ISCC”). The ISCC certifications ensure that the biofuels traded by Uni-Fuels Singapore meet the requirements of the European Union’s (“EU”) Renewable Energy Directive (“RED II”), including the provision of Proof of Sustainability (“POS”). On April 2, 2025, the Company, as part of its global expansion strategy, announced the establishment of Uni-Fuels Middle East FZCO (“Uni-Fuels Dubai”), a wholly owned subsidiary of the Company, in the United Arab Emirates and the opening of a new office in Dubai. On June 30, 2025, the Company announced the opening of a new office in Shanghai. The formation of the wholly owned subsidiary, Uni-Fuels (Shanghai) Co Ltd (“Uni-Fuels Shanghai”), reinforces the Company’s commitment to strengthening its Asian market presence. On July 21, 2025, the Company announced Uni-Fuels Singapore has successfully completed the Company’s first-ever commercial paper (“CP”) issuance, raising US$3 million through ADDX Exchange, a private market platform regulated by the Monetary Authority of Singapore. The Company’s 3M USD Commercial Paper Series 001 has since been fully repaid on October 17, 2025. Subsequently, on October 17, 2025, the Company announced that Uni-Fuels Singapore has successfully closed its 3M USD Commercial Paper Series 002 on the ADDX Exchange, and that it has raised US$3 million in gross proceeds. The Series 002 tokens were listed on the ADDX Exchange on October 18, 2025. Through the issuance of the CPs, the Company seeks to reinforce its liquidity position and enhance its capital structure, positioning it to pursue new growth opportunities. Both the offerings were oversubscribed, reflecting strong demand from accredited investors. Key Operational Highlights During the six months ended June 30, 2025, the Company’s marine fuels business delivered strong...

Revenue: US$155.2m (up 119% from FY 2023). Net income: US$171.6k (down 86% from FY 2023). Profit margin: 0.1% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$0.006 (down from US$0.04 in FY 2023). We've discovered 1 warning sign about Uni-Fuels Holdings. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period The primary driver behind last 12 months revenue was the Singapore segment contributing a total revenue of US$58.4m (38% of total revenue). Notably, cost of sales worth US$152.0m amounted to 98% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.31m (77% of total expenses). Explore how UFG's revenue and expenses shape its earnings. Uni-Fuels Holdings shares are down 20% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Uni-Fuels Holdings that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Year-Over-Year increases in Sales of Marine Fuels, Total Revenues and Gross Profit SINGAPORE, April 22, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its financial results for year ended December 31, 2024. Recent Developments On January 15, 2025, the Company closed its initial public offering (the “Offering”) of 2,100,000 Class A Ordinary Shares at a public offering price of $4.00 per share, for total gross proceeds of $8.4 million, before deducting underwriting discounts and commissions. All of the Class A Ordinary Shares are offered by Uni-Fuels. The Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 14, 2025, under the ticker symbol “UFG”. On February 4, 2025, the Underwriter exercised the over-allotment option (the “Over-Allotment Option”) in full to purchase additional 315,000 Class A Ordinary Shares from the Company at the public offering price of $4.00 per share, generated gross proceeds of $1.26 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of Class A Ordinary Shares sold by the Company in the Offering increased to 2,415,000 Class A Ordinary Shares and the gross proceeds increased to $9.66 million, before deducting underwriting discounts and commissions. Main Highlights: In 2024, Sales of Marine Fuels reached US$155.2 million, an increase of US$85.0 million, 121% Year-Over-Year, compared to approximately US$70.2 million in 2023. As a result, Total Revenues reached US$155.2 million an increase of US$84.4 million, 119% YOY, versus US$70.8 million in 2023. Cost Of Revenues increased approximately US$83.5 million or 122% from approximately US$68.5 million in 2023 to US$152.0 million in 2024, mainly due to growth in sales of marine fuels with increasing cost to acquire marine fuels for sales. Gross Profit was US$2.3 million in 2023 and increased YOY in 2024 by US$0.9 million, 40%, to US$3.2 million. Total Operating Expenses rose from US$0.9 million in 2023 to approximately US$3.0 million, a YOY increase of US$2.1 million or 236%. As a result of these factors, Net Income decreased from US$1.2 million in 2023 to US$0.2 million in 2024, a YOY decrease of approximately US$1.0 million or 86%. Management Commentary “We are pleased to present our f...