World News
Uni-Fuels Reports 158% Increase in 1H 2026 Gross Profit
Marine fuel trading firm Uni-Fuels reported a 158% year-on-year increase in gross profit to $5.3 million in the first half of 2026.
Revenue for the six months ending June 30 rose 72% to $197.1 million from $114.6 million for the same period last year, it said in a press release on Wednesday.
Gross profit margin improved to 2.7% from 1.8% in 1H 2025.
Income from operations increased to $1.9 million from $184,000, while net income rose to $1.4 million from $91,000.
EBITDA increased 598% to $2.1 million from $305,000 in the same period last year.
Uni-Fuels said the results reflected stronger commercial execution and its ability to respond to changing market conditions.
The Singapore-based company raised its full-year 2026 revenue guidance to $340-$360 million, from its previous range of $320-$340 million.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 865.50 | 8.50 | 1289.50 | 14.50 |
| Rotterdam | 686.50 | 12.00 | 1390.00 | 40.00 |
| Houston | 740.50 | 7.50 | 1388.00 | 1.50 |
| Fujairah | 963.50 | 12.50 | 1666.50 | 19.50 |
| Global 20 Ports Average | 876.00 | 6.00 | 1520.50 | 13.50 |
| Global 4 Ports Average | 814.00 | 10.00 | 1433.50 | 18.00 |
| Global Average Bunker Price | 935.00 | 3.00 | 1594.00 | 14.00 |
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