Cebu City — Top Line Development Corp. expects a banner year in 2025 as it aggressively expands its fuel retailing business.
According to Top Line president Eugene Erik Lim, both topline and bottom-line figures are projected to post significant growth, driven primarily by fuel retail expansion.
“We’re hoping this will be a banner year. From just three stations last year, we’re aiming for 50 this year. So it’s really a banner year in terms of revenue, topline, and income—thanks to the acquisition,” Lim said during the company’s anniversary celebration Friday.
The surge follows a series of acquisitions made over the past two weeks involving fuel stations across the Visayas.
Last Thursday, Top Line announced its acquisition of gasoline stations owned by listed firm Phoenix Petroleum Philippines Inc. in Cebu. That move came on the heels of a similar acquisition of 38 retail stations from Total Oil & Gas Resources Inc. (TOGRI) and Ballston Metro Corp. (BMC), which span Cebu, Leyte, Siquijor, and Negros Oriental. Also included are a two-million-liter depot facility and 15 fuel tanker trucks, as announced the previous week.
Top Line said the acquisitions will accelerate the rollout of its Light Fuels brand across the Visayas.
Light Fuels currently operates four stations, with eight more at various stages of development across Metro Cebu and Cebu Province. The newly acquired 38 stations will bring the operational network to 50 by year-end.
At a shareholder briefing held prior to the anniversary celebration, Lim expressed optimism that the expanded retail presence will drive a high double-digit growth rate in topline performance.
Chief Operating Officer Bridgette Carmel Lim noted that the acquisitions significantly shortened the company’s timeline. Initially, we planned for 20 stations this year. With these acquisitions, we’ve slashed the timeframe for each station by six to nine months,” she said.
The expansion is expected to increase Top Line’s fuel market share in the Visayas beyond its current 8 percent.
Lim reported that during the first half of the year, the company’s volume sales grew 30 percent to 44 million liters, up from 32 million liters.
This lifted first-half topline revenue by 35 percent, reaching approximately one billion pesos compared to P700 million during the same period last year.
