Recent Updates — UFG
Uni-Fuels Holdings Limited announced a share consolidation of its Class A and Class B ordinary shares at a ratio of 1-for-10. The transaction is scheduled to become effective on November 3, 2026, with post-consolidation trading expected to begin at the market open that day. Prior to the split, there were 9,815,000 Class A and 22,650,000 Class B shares outstanding; these will be reduced to approximately 981,500 and 2,265,000 respectively. Fractional shares will be rounded up to the next whole share, and outstanding options and warrants will be adjusted proportionately. Uni-Fuels is a global provider of marine fuel solutions headquartered in Singapore.
Uni-Fuels Holdings Limited entered into an At the Market Offering Agreement with Rodman & Renshaw LLC on October 23, 2026. The agreement establishes a program allowing the company to offer and sell class A ordinary shares from time to time at its sole discretion. The manager receives a placement fee of 3.0% of gross sales price. Net proceeds will be used for working capital, general corporate purposes, supporting marine fuels sales, expanding operations, and potential acquisitions. This is not an obligation to sell any specific amount.
The board of directors approved a 1-for-10 share consolidation for both Class A and Class B ordinary shares. Shareholders representing a majority of votes passed the resolution in writing on October 16, 2026, without holding a meeting. The consolidation increases the par value from US$0.0001 to US$0.001 per share. Fractional entitlements will be rounded up to the next whole share. No fractional shares will be issued. The company will announce the market effective date separately. Uni-Fuels Holdings Limited operates in the energy sector, focusing on fuel production and distribution.
Uni-Fuels Pte. Ltd., a wholly-owned Singaporean subsidiary of Uni-Fuels Holdings Limited, successfully closed the offering of its Commercial Paper Series 006 (UFU316) on October 17, 2026. The company raised US$3 million in gross proceeds from the issuance of Series 006 tokens. These tokens were subsequently listed on the ADDX Exchange on October 19, 2026. Uni-Fuels Holdings Limited operates in the energy and fuel sector.
Uni-Fuels Holdings Limited reported unaudited financial results for the six months ended June 30, 2026. Total revenues increased 72% to US$197.1 million from US$114.6 million in the prior year period, driven by a 71.6% rise in marine fuel sales to US$196.7 million and new freight service revenue of US$0.5 million. Net income grew significantly to US$1.4 million compared to US$0.1 million previously. The company also disclosed the extension of banking facilities totaling US$5 million through July 2027 and the repayment of a US$3 million commercial paper issuance. Uni-Fuels Holdings Limited operates in the marine fuel trading and logistics industry.
Uni-Fuels Holdings Limited reported unaudited financial results for the six months ended June 30, 2026, posting record revenue of $197.1 million, a 72% increase from the prior year period. Gross profit rose 158% to $5.3 million with a margin expansion to 2.7%, while net income surged 1,415% to $1.4 million and EBITDA grew 598% to $2.1 million. The company raised its full-year 2026 revenue guidance to $340 million–$360 million from the previous range of $320 million–$340 million, citing strong commercial execution and market volatility. Uni-Fuels operates in the marine fuel industry, providing global ship bunkering and supply logistics solutions.