Bolsters supply chain, expands retail network, delivers steady investor returns
Under the leadership of TOP’s Chairman, President, and CEO, the company is charting a new growth path, starting with a major capital-raising initiative. Shareholders recently approved the reclassification of 800 million unissued common shares into preferred shares, giving the board the authority to explore funding options such as private placements, follow-on offerings, or debt issuance. Analysts see the move as a decisive step in reinforcing the company’s balance sheet and accelerating its vertical integration strategy.
“Issuing preferred shares provides steady returns through fixed dividends while strengthening our financial position. Our growth trajectory is clear, and we plan to begin capital-raising activities in 2026,” the CEO said.
Proceeds will fund direct fuel importation through subsidiary Topline Logistics and Development Corp. (TLDC), improving pricing, supply stability, and margins. TOP also plans to expand depot infrastructure and storage to handle increased volumes, supporting growth for its retail arm, Light Fuels Corp., across the Visayas.
“These initiatives are designed to enhance operational efficiency, reduce costs, and build long-term shareholder value. By integrating further up the supply chain and expanding our retail network, TOP is positioned to deliver more resilient income streams and higher margins,” the CEO added.