Uni-Fuels Reports First Quarter 2026 Results and Raises Full Year Revenue Guidance to US$320M–US$340M
Rhea-AI Summary
Uni-Fuels (NASDAQ:UFG) reported unaudited Q1 2026 revenue of US$83.2M, up 64% year-over-year, with gross profit of US$1.8M, up 85%. Gross margin rose to 2.2%, and marine fuel volumes increased 58% to over 140,000MT.
The company posted a Q1 2026 net loss of US$376,087 and raised full-year 2026 revenue guidance to US$320M–US$340M from US$310M–US$330M.
Positive
- Revenue up 64% year-over-year to US$83.2 million in Q1 2026
- Gross profit up 85% year-over-year to US$1.8 million
- Gross margin improved from 1.9% to 2.2% year-over-year
- Marine fuel volumes up 58% year-over-year to over 140,000MT
- Full-year 2026 revenue guidance raised to US$320M–US$340M
Negative
- Q1 2026 loss from operations of US$231,798 vs income in 2025
- Q1 2026 net loss of US$376,087 vs net income in 2025
News Market Reaction – UFG
In the May 26 session, UFG gained 17.16%, reflecting a significant positive market reaction. Argus tracked a peak move of +37.3% during that session. Argus tracked a trough of -18.7% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 48.7x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Oct 28 | Interim results | Positive | +4.7% | Interim 2025 results with strong revenue and volume growth and higher gross profit. |
| Apr 22 | Annual results | Positive | +3.8% | Full year 2024 results showing 119% revenue growth despite lower net income. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Past earnings releases with strong growth but thin profitability have typically been followed by modestly positive price reactions.
This announcement follows a sequence of growth-focused updates. Prior earnings in Apr 2024 and Oct 2025 highlighted triple‑digit and strong double‑digit revenue growth, expanding volumes, and rising operating scale, but with pressured net income. The company has since added global offices, certifications, and new financing channels. Today’s Q1 2026 results continue the pattern: rapid revenue and volume growth, improving gross margin, and a small net loss, alongside an increased 2026 revenue outlook to US$320–340M.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, May 26, 2026 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its unaudited financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Financial and Operational Highlights
- Revenue increased
64% year-over-year to US$83.2 million , supported primarily by higher marine fuel trading volumes and expanded commercial activities. - Gross profit increased
85% year-over-year to US$1.8 million . - Gross profit margin improved to
2.2% in the first quarter of 2026 from1.9% in the same period last year. - Marine fuel volumes increased
58% year-over-year to over 140,000MT, reflecting increased commercial activities and customer engagements across key markets.
First Quarter 2026 Financial Summary
| For the Three Months Ended March 31, | ||||||
| 2026 | 2025 | |||||
| (Unaudited) | (Unaudited) | |||||
| Revenue | US$ | 83,192,779 | US$ | 50,715,209 | ||
| Gross profit | 1,805,698 | 978,461 | ||||
| (Loss)/Income from Operations | (231,798) | 143,385 | ||||
| Net (loss)/income | (376,087) | 83,513 | ||||
2026 Outlook
Following a stronger-than-expected first quarter 2026 performance and improved visibility on commercial activities, the Company is increasing its full-year 2026 revenue guidance to a range of US
Management Commentary
“We are encouraged by a promising start to 2026, which reflects the continued execution of our growth strategy,” said Mr. Koh Kuan Hua, Chief Executive Officer of Uni-Fuels. “During the quarter, we delivered year-over-year growth in revenue and marine fuel volumes, and improved gross margins. Operational performance remained strong, although quarterly results were impacted by a net loss primarily attributable to corporate communication expenses incurred during the period. We remain focused on building on this momentum through disciplined execution of our growth initiatives, driving consistent performance, and improving returns on capital. Based on our strong first quarter performance and improving commercial visibility, we are pleased to raise our full year 2026 revenue outlook to US
About Uni-Fuels Holdings Limited
Uni-Fuels is a fast-growing global provider of marine fuel solutions with a growing presence across major shipping hubs, including Singapore, Seoul, Dubai, Shanghai, Limassol, and Bangkok. Established in 2021, Uni-Fuels has evolved into a dynamic, forward-thinking company delivering customer-centric, compliant, and reliable fuel solutions across global markets and time zones, supported by 24/7 operational support year-round. Backed by a globally integrated operating platform, experienced industry professionals, and an extensive global supply network, Uni-Fuels has built trusted partnerships with customers, supporting them in achieving their operational objectives and decarbonization goals amid the maritime industry’s ongoing energy transformation.
For more information, visit www.uni-fuels.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the Company’s ability to execute on the contemplated expansion plan in a timely, cost effective and efficient manner, its ability to continue its cross-border regulatory compliance, its ability to attract, evaluable and complete acquisitions with suitable candidates, and other risks and uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Company’s annual report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 22, 2026. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact Information
For Investor Relations:
Uni-Fuels Holdings Limited
Email: investors@uni-fuels.com
