Uni-Fuels Q1 Revenue Up 64% to $83.2M; 2026 Guidance Rises to $320–$340M
UFG•Uni-Fuels’ first-quarter revenue jumped 64% year-over-year to US$83.2 million, while gross profit climbed 85% to US$1.8 million and volumes rose 58% to over 140,000 MT, despite a US$0.4 million net loss. The company raised full-year revenue guidance to US$320 million–US$340 million from US$310 million–US$330 million.
1. First-Quarter Financial Performance
Uni-Fuels reported US$83.2 million in revenue for the quarter, a 64% increase from US$50.7 million a year earlier, while gross profit rose 85% to US$1.8 million and gross margin improved to 2.2% from 1.9%.
2. Operational Volume Growth
Marine fuel trading volumes grew 58% to over 140,000 MT as expanded commercial activities in key markets bolstered throughput.
3. Net Loss and Expense Drivers
The company recorded a net loss of US$376,087 and an operating loss of US$231,798, primarily driven by corporate communication expenses during the period.
4. Full-Year Guidance Raised
In response to stronger performance and improved visibility, full-year 2026 revenue guidance was increased to US$320–340 million from US$310–330 million.
