Top Line Business Development Corp. (“Top Line”) starts 2025 with impressive earnings, posting a 36% year-on-year increase in gross revenues, reaching P1 billion in the first quarter of 2025.
This is up from P738.7 million in the same period last year. Net income for the quarter also surged by 38%, reaching P37.9 million, compared to P27.5 million during the same period in 2024.
According to its news release, Top Line attributes the strong performance to the company’s effective inventory management and a significant rise in fuel volume sales across both commercial and retail sectors.
In the first quarter, Top Line sold approximately 21.8 million liters of liquid fuels, marking a 46% year-on-year increase from 14.9 million liters in 2024.
This growth has been driven by strategic expansions, including a broader distribution network, the acquisition of new commercial clients, high retention rates from existing customers, and enhanced retail market penetration.
Top Line also reported positive margins, with net income margin at 3.8% and gross income margin at 9.2% in Q1 2025, showing slight improvements from last year’s 3.7% and 9%, respectively.
These figures reflect the company’s ability to maintain competitive pricing strategies while ensuring healthy margins.
In a move to reward its shareholders, Top Line declared cash dividends of P0.0032 per common share on May 5, 2025.
The dividends, payable on June 18, 2025, are set to benefit stockholders of record as of May 22, 2025.
The payout is sourced from the company’s unrestricted retained earnings as of December 31, 2024.
Eugene Erik Lim, Chairman, President, and CEO of Top Line, expressed confidence in the Company’s continued growth.
“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,” said Lim.
“We are dedicated to sustaining this momentum and maximizing shareholder value as we pursue our strategic initiatives. With a clear vision for growth, we are well-positioned to capture emerging opportunities ahead,” he added.
Top Line Business Development Corp. is a Cebu-based company engaged in commercial fuel trading, depot operations, and retail fuel services in the Visayas region. It operates two subsidiaries: Topline Logistics and Development Corp., focused on petroleum-based product importation and distribution, and Light Fuels Corporation, which handles the retail fuel business.
