Top Line Business Development Corp. (Top Line) is set to accelerate the expansion of its retail footprint and operational capabilities, following the successful infusion of ₱732.6 million in fresh capital raised from its recent listing on the Philippine Stock Exchange.
In 2024, Top Line achieved a record-high gross revenue of ₱3.35 billion, a 21% increase from the ₱2.78 billion posted in 2023. Net income also surged by 49% year-on-year, reaching ₱115 million, up from ₱77 million the previous year.
“Our record performance reflects Top Line’s commitment to sustained value creation through efficient operations, strong inventory management, and a steadily expanding customer base,” said Eugene Erik Lim, Chairman, President, and CEO of Top Line.
Fuel sales also demonstrated strong momentum, with the company selling approximately 72.45 million liters of liquid fuels in 2024—a 29% increase from 56.2 million liters in 2023.
Top Line reported no write-downs to the net realizable value of inventories in 2024, underscoring its effective inventory and pricing strategies. “Our strong inventory position, supported by reliable suppliers and a competitive pricing strategy, has allowed us to navigate fuel price volatility while ensuring quality and consistent product availability,” Lim added.
With its recent listing, Top Line is poised to deepen its presence in the high-growth Central Visayas region, targeting expanded network reach and increased volume capacity.
“We remain focused on scaling our operations to deliver quality fuel solutions to more communities across the region,” Lim said.
