The profit surge was largely driven by rising fuel demand and improved operational efficiency following its public listing.
The company sold 72.45 million liters of liquid fuel in 2024, a 29 percent increase from 56.2 million liters the year before, underscoring its fast-growing retail footprint.
“Our record performance reflects Top Line’s commitment to sustaining value creation through efficient operations, strong inventory management, and steadily expanding our customer base,” said company chair, president, and CEO Eugene Erik Lim.
Top Line maintained clean inventory books for the year, reporting no write-downs, a result of disciplined inventory management.
The company earlier P732.6 million through its Philippine Stock Exchange listing, which it will use to grow its retail and operations network.
