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Cebu-based fuel firm sustains strong growth in first 9 months
The Freeman
|November 14, 2025
Cebu-based listed fuel distributor and retailer Top Line Business Development Corp. (TOP) sustained its strong growth trajectory in the first nine months of 2025, driven by robust retail fuel expansion and steady gains in commercial fuel trading.
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Gross revenues rose 26.9 percent year-on-year to P3.09 billion from P2.44 billion, while net income climbed 21.1 percent to P109.57 million from P90.51 million, according to a company disclosure.
“We have already surpassed our full-year 2024 net income, and we remain optimistic heading into the final quarter,” said Eugene Erik Lim, chairman, president, and CEO.
“As we continue to renovate and integrate our newly acquired retail stations, we expect stronger and more diversified revenues,” Lim added.
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