Gross revenues climbed 36 percent to P1 billion, driven largely by higher fuel sales and stronger demand across its commercial and retail segments.
Management’s view
“Our solid first-quarter performance and the decision to declare dividends reflect Top Line’s resilience and growth-oriented strategy amid current volatile market conditions. This salvo also underscores our unwavering commitment to sustainable growth and operational excellence,” Eugene Erik Lim, chair, president, and CEO of Top Line, said in a statement.
Headline figures
• Fuel sales rose 46 percent year-on-year to 21.8 million liters, driven by expanded distribution and new clients.
• Net income margin reached 3.8 percent; gross income margin improved to 9.2 percent.
• Better inventory control and pricing supported strong operational efficiency.
• Declared cash dividend of P0.0032 per share, payable in June from 2024 retained earnings.
