Singapore: Uni-Fuels Holdings Limited (Uni-Fuels), a Singapore-based provider of marine fuel solutions, announced a remarkable 1,415 per cent increase in net income to US$1.4 million for the six months ended June 30, 2026, compared to US$0.1 million in the same period the previous year. (US$1 = RM4.06)

According to BERNAMA News Agency, the company revealed in a statement that its revenue surged by 72 per cent, reaching US$197.1 million from US$114.6 million, while gross profit saw a significant rise of 158 per cent, climbing to US$5.3 million from US$2.1 million. Koh Kuan Hua, the Chief Executive Officer of Uni-Fuels, attributed these results to the company's robust commercial execution and adaptable business model, emphasizing its capability to navigate changing market dynamics which bolstered revenue, profitability, and operating performance.

Koh remarked that ongoing geopolitical developments and market volatility continue to shape the global oil markets, but Uni-Fuels remains committed to providing reliable supply solutions and value-added services to its customers. The company's income from operations increased by 936 per cent to US$1.9 million from US$0.2 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 598 per cent to US$2.1 million from US$0.3 million.

Uni-Fuels also reported an improvement in its gross profit margin, which increased to 2.7 per cent from 1.8 per cent in the previous year. Additionally, the company raised its full-year 2026 revenue guidance to a range of US$340 million to US$360 million, up from the previous range of US$320 million to US$340 million. This adjustment reflects a stronger-than-expected first-half performance and sustained commercial momentum.

The company stated that the enhanced first-half performance and upwardly revised revenue guidance will support its continued progress into the second half of 2026.