The transaction supports the nationwide rollout of its Light Fuels brand through Light Fuels Corp..
“As part of our flexible strategy for expansion, we explored opportunistic acquisitions of retail fuel stations to fast-track the growth of our Light Fuels brand,” Top Line chair, president and CEO Eugene Erik Lim said in a statement on Tuesday.
While Cebu remains a core market, the deal marks Top Line’s first major push beyond its home province with new locations in Leyte, Siquijor, and Negros Oriental.
The expansion strengthens the company’s footprint across key Visayas growth areas and supports future fuel volume growth.
The new two-million-liter depot in San Jose, Negros Oriental will serve as a supply hub for nearby provinces, while the additional 15 tanker trucks will boost Top Line’s logistics fleet, which currently includes 22 trucks.
The company expects the new stations to contribute at least 36.5 million liters in annual liquid fuel sales. In 2024, Top Line sold 72.45 million liters across both commercial and retail segments.
“With the new Negros Oriental depot, additional depot space recently secured in our Mandaue terminal, and our expanded tanker fleet, we are well-positioned for rapid expansion,” Lim said.
“Our systems are in place for prudent inventory management and efficient fuel deliveries to our new stations as we grow our footprint,” said Brigitte Carmel Lim, senior vice president and chief operating officer,” he added.
—Edited by Miguel R. Camus
