Uni-Fuels Holdings Limited (UFG) reported US$197.1 million in revenue for the six months ended June 30, 2026, compared with US$114.6 million a year earlier, and net income of US$1.4 million versus US$90,987. Marine fuel sales contributed US$196.7 million; freight services generated US$447,000 as a new revenue stream. Gross profit was US$5.3 million and gross profit margin was 2.7%, compared with US$2.1 million and 1.8% in 2025.
Operating income was US$1.9 million, compared with US$184,430 in 2025. Non-GAAP EBITDA was US$2.1 million versus US$304,578; the company describes EBITDA as supplemental to, not a substitute for, U.S. GAAP measures. Operating expenses were US$3.4 million, versus US$1.9 million in 2025. Net cash used in operating activities was approximately US$0.4 million, compared with approximately US$4.7 million.
As of June 30, 2026, cash and cash equivalents were approximately US$12.2 million and working capital was approximately US$11.1 million. The US$3 million commercial-paper balance outstanding at June 30, carrying 6.25% annual interest, was fully repaid on July 17, 2026. United Overseas Bank Limited extended existing banking facilities for 12 months through July 2027. Management stated it believes liquidity is sufficient to meet working capital requirements, operating expenses and current liabilities as they come due for at least the next 12 months from issuance of the financial statements.
Uni-Fuels Holdings Limited (UFG) reported record unaudited results for the six months ended June 30, 2026, with revenue of US$197.1 million, up 72% from US$114.6 million a year earlier. Gross profit rose to US$5.34 million, an increase of 158%, and gross margin improved to 2.7% from 1.8%.
Income from operations grew to US$1.91 million from US$0.18 million, while net income increased to US$1.38 million from US$0.09 million. EBITDA reached US$2.13 million, up 598%. Cash and cash equivalents were US$12.19 million and short-term bank loans US$4.39 million as of June 30, 2026, with shareholders’ equity at US$11.88 million.
The company raised its full-year 2026 revenue guidance to US$340–360 million, reflecting stronger-than-expected first-half performance. Operations remain focused on marine fuel supply and related services across major shipping hubs, with noted customer and vendor concentration and continued use of short-term trade financing and commercial paper.
Uni-Fuels Holdings Limited (UFG) reports the results of an extraordinary general meeting of shareholders held on September 8, 2026. Shareholders voted on amendments to the company’s constitutional documents and related implementation authorities, with very high turnout based on the voting power of its dual-class share structure.
Proposal One, a special resolution to adopt a third amended and restated memorandum and articles of association, was approved, including changing the approval threshold for written ordinary resolutions from unanimity to a majority of total voting rights and adding an exclusive jurisdiction provision for certain Cayman Islands law and internal affairs claims. Proposals Two and Three, ordinary resolutions authorizing directors, the registered office service provider and the meeting chairman to implement and, if needed, adjourn the meeting, also passed; because Proposals One and Two were approved, the adjournment authority under Proposal Three was not used.
Uni-Fuels Holdings Limited (UFG) has elected to follow Cayman Islands home country corporate governance practices instead of certain Nasdaq listing rules. This choice mainly affects how and when shareholder meetings are held, proxy solicitation, and when shareholder approval is required for specific share issuances and compensation plans.
The company will not follow several Nasdaq rules, including requirements to hold an annual shareholder meeting within one year of fiscal year-end, to solicit and file proxies for all shareholder meetings, and to obtain shareholder approval for certain acquisitions, potential changes of control, 20% share issuances below the Minimum Price, and most equity compensation plans. It is also opting out of specific Nasdaq disclosure and annual report distribution practices. Uni-Fuels states that its approach is permitted under Cayman Islands law and its current memorandum and articles of association.
Uni-Fuels Holdings Ltd (UFG) is convening an extraordinary general meeting on September 8, 2026, held remotely, to seek shareholder approval of a Third Amended and Restated Memorandum and Articles of Association and related governance changes. Shareholders of record as of August 18, 2026 may vote.
Proposal One is a special resolution to adopt new constitutional documents that (i) allow ordinary resolutions to be approved by written consent of a majority of voting rights instead of unanimous written approval, and (ii) establish Cayman Islands courts as the exclusive forum for specified Cayman law and internal-affairs claims, subject to carve‑outs. Proposal Two is an ordinary resolution authorizing directors and the registered office service provider to complete ancillary filings and implementation steps. Proposal Three is an ordinary resolution authorizing the meeting chairman to adjourn the meeting to solicit further proxies if there are insufficient votes to pass Proposals One and Two. The board unanimously recommends voting in favor of all proposals.
Uni-Fuels Holdings Limited reported that Nasdaq staff notified it on July 27, 2026 of a minimum bid price deficiency because its class A ordinary shares closed below $1 per share for 30 consecutive business days from June 11 to July 24, 2026.
Under Nasdaq Listing Rule 5810(c)(3)(A), Uni-Fuels has 180 calendar days, until January 25, 2027, to regain compliance by having a closing bid of at least $1.00 per share for 10 consecutive business days. The company may become eligible for an additional 180-day period if it meets other listing standards and may use a reverse stock split to cure the deficiency. It is monitoring its share price and evaluating options, while noting there is no assurance it will regain or maintain compliance and that its securities could ultimately be subject to delisting.
Uni-Fuels Holdings Limited, through its wholly owned Singapore subsidiary Uni-Fuels Pte. Ltd., closed an offering of its 3M USD Commercial Paper Series 005 (UFU315). The Series 005 token issuance generated US$3 million in gross proceeds from investors.
The Series 005 tokens closed on July 17, 2026, at 6 p.m. Singapore time and were listed on the ADDX Exchange on July 18, 2026. Uni-Fuels Pte. Ltd. is wholly owned by Uni-Fuels Holdings Limited.
Uni-Fuels Holdings Limited filed an update stating that it has changed the business and mailing address of its principal executive office. Effective July 2, 2026, the company’s new address is 9 Temasek Boulevard, Suntec Tower 2 #19-03, Singapore 038989. The report is signed by Chief Executive Officer Koh Kuan Hua.
Uni-Fuels Holdings Limited held an extraordinary general meeting where shareholders approved several governance changes. The key decision increased the voting power of each Class B Ordinary Share from 10 votes to 100 votes, while each Class A Ordinary Share remains entitled to 1 vote.
On the May 18, 2026 record date, 9,815,000 Class A and 22,650,000 Class B Ordinary Shares were outstanding. Proposal One, which implemented the Class B voting increase, passed by special resolution with 226,580,881 votes for, 44,418 against, and 15,706 abstentions. Proposals Two through Four also received strong majorities, and Proposal Five, an adjournment authority, was approved but became moot because the main proposals had already passed.
Uni-Fuels Holdings Limited reported strong growth for the first quarter of 2026, with revenue rising 64% year-over-year to US$83.2 million, driven mainly by higher marine fuel trading volumes and expanded commercial activities. Marine fuel volumes increased 58% to over 140,000MT.
Gross profit increased 85% to US$1.8 million, and gross profit margin improved to 2.2% from 1.9%. Despite this, the company recorded a net loss of US$376,087 versus net income of US$83,513 a year earlier, largely due to corporate communication expenses. Reflecting confidence after a stronger-than-expected quarter, Uni-Fuels raised its full-year 2026 revenue guidance to US$320 million–US$340 million, up from US$310 million–US$330 million.