Singapore-based marine fuels trading firm Uni-Fuels Holdings Limited has raised its full-year 2026 revenue guidance following stronger first-quarter performance.
The company increased its 2026 revenue outlook to $320 million-$340 million, up from its previous guidance of $310 million-$330 million.
Uni-Fuels said first-quarter revenue rose 64% year-over-year to $83.2 million, while marine fuel volumes increased 58% to more than 140,000 mt.
Gross profit climbed 85% to $1.8 million and gross margin improved to 2.2% from 1.9% a year earlier.
The company reported a net loss of $376,087 for the quarter, compared with net income of $83,513 a year earlier. Uni-Fuels said the quarterly result was “primarily attributable to corporate communication expenses incurred during the period.”
“We are encouraged by a promising start to 2026, which reflects the continued execution of our growth strategy,” CEO Koh Kuan Hua said
