Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions headquartered in Singapore, on Tuesday (26 May) announced its unaudited financial results for the first quarter ended March 31, 2026. The company reported that marine fuel volumes increased 58% year-over-year to over 140,000 metric tonnes (mt) during the first quarter of 2026, reflecting increased commercial activities and customer engagements across key markets. Revenue during that period increased 64% year-over-year to USD 83.2 million, supported primarily by higher marine fuel trading volumes and expanded commercial activities, while gross profit increased 85% year-over-year to USD 1.8 million. Gross profit margin improved to 2.2% in the first quarter of 2026 from 1.9% in the same period last year. Uni-Fuels posted a net loss of USD 376,087 for the quarter, compared to USD 83,513 in Q1 2025. 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 USD 320 million to USD 340 million up from its prior guidance of USD 310 million to USD 330 million. “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 USD 320 million – USD 340