Uni-Fuels lifts full-year outlook as Q1 revenue jumps 64%

Uni-Fuels Holdings (NASDAQ:UFG) raised its full-year revenue guidance after reporting sharp top-line expansion and volume growth for the first quarter of 2026, driven by a broad scale-up in global marine fuel trading and commercial market capture.

The Singapore-based maritime energy logistics provider announced that its unaudited revenue for the three months ended March 31, 2026, climbed 64% year-over-year to US$83.2 million.

On the back of higher shipping demand, marine fuel transaction volumes advanced 58% to exceed 140,000 metric tons for the quarter.

The volume surge boosted the company's first-quarter gross profit by 85% to US$1.8 million.

Gross margin experienced a slight improvement, edging upward to 2.2% compared to 1.9% in the prior-year period, navigating tight margins characteristic of the competitive global bunkering sector.

Despite the strong top-line momentum, Uni-Fuels reported a net loss of US$376,087 for the first quarter, lower operational income reflecting impact from corporate communication and administrative expenditures during the expansion phase.

This reverses a minor net income of US$83,513 recorded in the first quarter of 2025.

Citing stronger commercial visibility and the early performance metrics of the current fiscal year, Uni-Fuels management adjusted its full-year 2026 revenue expectations upward.

The company now forecasts full-year revenue to land between US$320 million and US$340 million, up from its previous guidance range of US$310 million to US$330 million.