Uni-Fuels (UFG) Q1 2026 earnings summary

Executive summary

• Revenue grew 64% year-over-year to $83.2 million, driven by higher marine fuel trading volumes and expanded commercial activities.

• Gross profit rose 85% year-over-year to $1.8 million, with gross margin improving to 2.2% from 1.9% last year.

• Marine fuel volumes increased 58% year-over-year to over 140,000MT, reflecting strong customer engagement.

• Net loss for the quarter was $376,087, compared to net income of $83,513 in the same quarter last year, mainly due to corporate communication expenses.

Financial highlights

• Revenue: $83.2 million for Q1 2026, up from $50.7 million in Q1 2025.

• Gross profit: $1.8 million, up from $978,461 year-over-year.

• Gross margin: 2.2% in Q1 2026, up from 1.9% in Q1 2025.

• Net loss: $376,087, compared to net income of $83,513 in Q1 2025.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $320 million–$340 million, up from previous $310 million–$330 million.

• Improved commercial visibility and strong Q1 performance underpin the raised outlook.