Uni-Fuels (UFG) Q2 2026 earnings summary

Executive summary

• Achieved record first-half results with revenue up 72% year-over-year to $197.1M and gross profit up 158% to $5.3M.

• Gross profit margin improved to 2.7% from 1.8%, and operating margin expanded to 35.8% from 8.9% year-over-year.

• Net income surged 1,415% to $1.4M, and EBITDA rose 598% to $2.1M compared to the prior year period.

• Raised full-year 2026 revenue guidance to $340M–$360M, citing strong commercial momentum.

Financial highlights

• Revenue: $197.1M for H1 2026 vs. $114.6M in H1 2025 (72% increase).

• Gross profit: $5.3M vs. $2.1M (158% increase); gross margin: 2.7% vs. 1.8%.

• Income from operations: $1.9M vs. $0.2M (936% increase); operating margin: 35.8% vs. 8.9%.

• Net income: $1.4M vs. $0.1M (1,415% increase).

• EBITDA: $2.1M vs. $0.3M (598% increase).

Outlook and guidance

• Full-year 2026 revenue guidance raised to $340M–$360M from $320M–$340M.

• Management expects continued commercial momentum and improved operating performance for the remainder of 2026.