Singapore-based Uni-Fuels H1 2026 net income jumps 1,415% to USD 1.4 million

Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions headquartered in Singapore, on Wednesday (9 September) announced its unaudited interim financial results for the first half of 2026, ending on 30 June.

The company delivered record first-half financial results, achieving its highest first-half revenue, gross profit, income from operations, net income and EBITDA since its inception.

The company’s net income increased 1,415% to USD 1.4 million for the first half of 2026, compared to USD 0.1 million in the corresponding period of 2025.

Revenue increased 72% year-over-year to USD 197.1 million, from USD 114.6 million in the corresponding period of 2025 while gross profit also increased 158% year-over-year to USD 5.3 million, from USD 2.1 million in the corresponding period of 2025.

Gross profit margin expanded to 2.7% in the first half of 2026, from 1.8% in the corresponding period of 2025, representing a 50% improvement. 

For its 2026 outlook, the company is raising its full-year 2026 revenue guidance to a range of USD 340 million to USD 360 million, from its previous guidance range of USD 320 million to USD 340 million, reflecting stronger-than-expected first-half performance and continued commercial momentum.

Koh Kuan Hua, Chief Executive Officer of Uni-Fuels, said: “Our first-half 2026 results demonstrate the strength of our commercial execution and the agility of our business model.” 

“As geopolitical developments and market volatility continued to influence global oil markets, we remained focused on delivering reliable supply solutions and value-added services to our customers. 

“Our ability to respond quickly to changing market dynamics while maintaining disciplined execution contributed to significant improvements in revenue, profitability and operating performance. 

“We believe this momentum positions us well for the remainder of the year, as reflected in our increased full-year 2026 revenue guidance of USD 340 million to USD 360 million.”

Photo credit: Uni-Fuels
Published: 10 September, 2026