Light Fuels Corp., the retail fuel subsidiary of listed Top Line Business Development Corp. (TOP), has been recognized as an Outstanding Liquid Fuels Retail Outlet by the Department of Energy (DOE)–Visayas Field Office, reinforcing the company’s strong compliance culture and supporting its expansion-driven growth strategy.
The award, conferred on December 10, 2025, affirms Light Fuels’ consistent adherence to DOE standards on product quality, safety, operational discipline, and customer service. For TOP, the recognition signals reduced regulatory execution risk as the company accelerates its footprint in the Visayas fuel retail market.
From an investor standpoint, regulatory credibility is a critical enabler of scalable growth in the downstream energy sector. The DOE citation is expected to facilitate smoother coordination with regulators, particularly in routine compliance reviews and in securing permits, accreditations, and approvals for new stations and site upgrades—key factors that influence rollout timelines, capital efficiency, and return on invested capital.
“Having commenced operations just five years ago, this recognition affirms that our systems, processes, and operating discipline are aligned with regulatory expectations,” said Brigitte Carmel Lapasaran Lim, Senior Vice President and Chief Operating Officer of TOP. “As we continue to upgrade acquired sites and expand our network, the award further strengthens our engagement with regulators and supports a more efficient permitting process.”
Light Fuels’ focus on underserved market segments in the Visayas allows the group to build volume-led growth while maintaining compliance-led operations—an approach that supports stable cash generation and mitigates operational disruptions common in fuel retail.
Light Fuels currently has more than 50 stations in various stages of development, forming a core component of TOP’s vertical integration strategy in downstream fuel distribution. As network scale increases, management expects operating leverage and regulatory alignment to further enhance the sustainability of earnings growth.