The Lim family-led company grew nine-month net income 77 percent to P194.22 million, already surpassing its full-year 2025 earnings, while revenues more than doubled to P6.42 billion.
The latest payout brings total dividends declared since Top Line's April 2025 stock market debut to P186.67 million, even as the company continues investing in its fuel trading and retail operations.
Shareholders get a bigger payout
Top Line's board approved the special dividend equivalent to roughly 30 percent of its nine-month profit, extending a series of payouts less than two years after its stock market debut.
Shareholders on record as of December 1 will receive P0.005424 per common share on December 18.
Stronger finances support expansion
Top Line's expansion has required significant spending on fuel supplies and new retail stations, but its cash holdings still climbed to P1.57 billion as of September from P237 million at the end of 2025.
Its debt relative to shareholder equity also improved, with the ratio falling to 1.04 from 2.00 as total equity nearly doubled to P3.31 billion.
The company had P898 million in advance payments to fuel suppliers, P544 million tied to station construction and P905 million in fuel inventories, reflecting the scale of its growing operations.
—Edited by Miguel R. Camus
