Key Strategic Developments
On February 12, 2025, the Company's wholly owned subsidiary, Uni-Fuels Pte Ltd ("Uni-Fuels Singapore"), received ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification ("ISCC"). The ISCC certifications ensure that the biofuels traded by Uni-Fuels Singapore meet the requirements of the European Union's ("EU") Renewable Energy Directive ("RED II"), including the provision of Proof of Sustainability ("POS").
On April 2, 2025, the Company, as part of its global expansion strategy, announced the establishment of Uni-Fuels Middle East FZCO ("Uni-Fuels Dubai"), a wholly owned subsidiary of the Company, in the United Arab Emirates and the opening of a new office in Dubai.
On June 30, 2025, the Company announced the opening of a new office in Shanghai. The formation of the wholly owned subsidiary, Uni-Fuels (Shanghai) Co Ltd ("Uni-Fuels Shanghai"), reinforces the Company's commitment to strengthening its Asian market presence.
On July 21, 2025, the Company announced Uni-Fuels Singapore has successfully completed the Company's first-ever commercial paper ("CP") issuance, raising US$3 million through ADDX Exchange, a private market platform regulated by the Monetary Authority of Singapore. The Company's 3M USD Commercial Paper Series 001 has since been fully repaid on October 17, 2025. Subsequently, on October 17, 2025, the Company announced that Uni-Fuels Singapore has successfully closed its 3M USD Commercial Paper Series 002 on the ADDX Exchange, and that it has raised US$3 million in gross proceeds. The Series 002 tokens were listed on the ADDX Exchange on October 18, 2025. Through the issuance of the CPs, the Company seeks to reinforce its liquidity position and enhance its capital structure, positioning it to pursue new growth opportunities. Both the offerings were oversubscribed, reflecting strong demand from accredited investors.
Key Operational Highlights
During the six months ended June 30, 2025, the Company's marine fuels business delivered strong momentum.
Transaction volumes surged 75% period-over-period to 502, up from 287 in the prior-year period.
Total marine fuel deliveries increased by 90% ...
