Core Insights - The company reported strong operational performance, driving significant revenue and gross profit growth in its marine fuels business for the first half of 2025 [1][4][8] Key Operational Highlights - The marine fuels business experienced robust momentum, with total marine fuel deliveries increasing by 90% to approximately 217,000 metric tons compared to 114,000 metric tons in the prior year [4] - The company supplied marine fuels to 359 vessels, an 80% increase from 200 vessels in the same period last year [4] - Operations expanded to 103 ports, representing a 98% increase from 52 ports a year ago, indicating broader global coverage [4] - The customer base strengthened, serving 179 customers, an increase of 106% from 87 customers in the prior-year period [4] Key Financial Highlights - Total revenues rose to approximately US$114.6 million, up approximately US$40.4 million or 54% from US$74.2 million in the same period last year [4] - Cost of revenues increased to approximately US$112.6 million, up approximately US$39.8 million or 55% from US$72.7 million [12] - Gross profit improved to approximately US$2.1 million, up approximately US$0.6 million or 42% from US$1.5 million [12] - Net income after tax for the period was approximately US$90,000, a decrease of approximately US$11,000 or 11% from US$102,000 due to higher tax expenses [12] Key Strategic Developments - The company received ISCC EU and ISCC PLUS certifications for its biofuels, ensuring compliance with the EU's Renewable Energy Directive [5] - Establishment of Uni-Fuels Middle East FZCO in Dubai and a new office in Shanghai as part of its global expansion strategy [5] - Successful completion of the company's first-ever commercial paper issuance, raising US$3 million, with strong demand from accredited investors [5] Management Commentary - The company emphasized its commitment to growth and shareholder value, highlighting effective execution of strategic priorities and expansion plans [6][7] - The management expressed confidence in the compelling growth opportunities across its business model and the importance of building a reliable global supply network [7][8]
Uni-Fuels Announces 2025 Interim Financial Results