Welcome to our dedicated page for Uni-Fuels Holdings Ltd. news (Ticker: UFG), a resource for investors and traders seeking the latest updates and insights on Uni-Fuels Holdings Ltd. stock.
Uni-Fuels Holdings Ltd (UFG) delivers integrated marine fuel solutions and brokerage services to global shipping operators. This news hub provides investors and maritime professionals with essential updates about UFG's market activities and strategic developments.
Access authoritative information on fuel procurement innovations, port operations enhancements, and regulatory compliance updates. Our curated collection includes earnings reports, partnership announcements, and operational milestones relevant to marine fuel reselling and shipping logistics.
Key updates cover UFG's dual operational model developments, including direct fuel sales progress and brokerage service expansions. Stay informed about marine fuel quality initiatives, port infrastructure improvements, and sustainability efforts impacting maritime operations.
Bookmark this page for streamlined access to UFG's latest strategic moves in marine fuel solutions. Regularly updated content supports informed decision-making for stakeholders in shipping logistics and maritime energy sectors.
Uni-Fuels Holdings (NASDAQ: UFG) reported its financial results for 2024, marking its first annual results as a public company following its January 2025 IPO that raised $9.66 million. The company achieved significant revenue growth, with total revenues increasing 119% to $155.2 million in 2024, primarily driven by marine fuel sales growth of 121% to $155.2 million.
Key operational metrics showed substantial expansion, with customer base nearly doubling from 83 to 156, and ports served increasing from 51 to 87. However, despite revenue growth, net income decreased 86% to $0.2 million in 2024, down from $1.2 million in 2023, primarily due to higher operating expenses and lower margins. Gross profit increased 40% to $3.2 million, though gross profit margin declined to 2.1% from 3.2% in 2023.
Uni-Fuels Holdings (NASDAQ: UFG) has announced the establishment of a wholly-owned subsidiary in the UAE and opened a new office in Dubai. The subsidiary, named Uni-Fuels Middle East FZCO, aims to enhance the company's marine fuel solutions and customer support capabilities in the Middle East region.
The Dubai office will function as Uni-Fuels' regional hub, focusing on real-time market insights and efficient fuel procurement for shipowners and operators worldwide. According to Senior Vice President Alan Tan, Dubai's strategic location as one of the world's busiest shipping hubs makes it an ideal base for deepening regional partnerships and optimizing fuel supply chains.
The new location will offer direct access to fuel procurement expertise, competitive pricing, and innovative solutions tailored to maritime sector needs, while strengthening the company's supply network across critical shipping routes.
Uni-Fuels Holdings (NASDAQ: UFG) has announced its bronze sponsorship of the International Bunker Industry Association (IBIA) Annual Dinner 2025, scheduled for February 24 at the Grosvenor House Hotel in Mayfair, London. The event serves as a gathering point for key stakeholders, industry leaders, and decision makers in the maritime and marine fuel sectors.
Chief Operating Officer Stefanie Tay emphasized the company's support for IBIA's mission to promote improved standards and industry understanding. The sponsorship aligns with Uni-Fuels' focus on innovation, collaboration, and excellence in the marine fuels sector, while demonstrating their commitment to addressing industry challenges such as decarbonization, sustainability, and operational efficiency.
Uni-Fuels Holdings (NASDAQ: UFG) announced that underwriters have fully exercised their over-allotment option, purchasing an additional 315,000 Class A Ordinary Shares at $4.00 per share, generating extra gross proceeds of $1.26 million. The total offering now comprises 2,415,000 shares with gross proceeds of $9.66 million before deducting underwriting costs.
The company's shares began trading on Nasdaq Capital Market on January 14, 2025. The proceeds will be used for scaling up reselling activities, strengthening workforce, expanding market presence in new locations, and general corporate purposes. R. F. Lafferty & Co., Inc. served as the sole book-running manager for this firm commitment offering.
Uni-Fuels Holdings (NASDAQ: UFG) has successfully completed its Initial Public Offering on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to list in the United States. The IPO was conducted on a firm commitment basis with R. F. Lafferty & Co. serving as the sole book-running manager.
CEO Koh Kuan Hua highlighted that the listing will enable the company to expand its global footprint, enhance capabilities, and forge new partnerships. The company plans to strengthen its current offerings while accelerating the provision of alternative marine fuels, including biofuel and liquefied natural gas, aligning with global decarbonization requirements.
The registration statement was filed with the SEC on October 28, 2024, and declared effective on January 10, 2025. The company aims to focus on service excellence, innovation, and industry development as a publicly traded entity.
Uni-Fuels Holdings, a Singapore-based marine fuel solutions provider, has announced the closing of its Initial Public Offering on January 15, 2025. The company successfully offered 2,100,000 Class A Ordinary Shares at $4.00 per share, raising gross proceeds of $8.4 million.
Trading commenced on the Nasdaq Capital Market under the ticker symbol 'UFG' on January 14, 2025. The underwriters have a 45-day option to purchase up to 315,000 additional shares. R. F. Lafferty & Co. served as the sole book-running manager for the firm commitment offering.
The company plans to use the proceeds to scale up reselling activities, strengthen its workforce, expand market presence in new geographical locations, and maintain cash reserves for general corporate purposes.
Uni-Fuels Holdings (NASDAQ: UFG), a Singapore-based marine fuel solutions provider, has announced the pricing of its initial public offering of 2,100,000 Class A Ordinary Shares at $4.00 per share, raising gross proceeds of $8.4 million. Trading is set to commence on the Nasdaq Capital Market under symbol 'UFG' on January 14, 2025.
The underwriters have a 45-day option to purchase up to 315,000 additional shares. The offering, conducted on a firm commitment basis with R. F. Lafferty & Co. as sole book-runner, is expected to close on January 15, 2025. Proceeds will be used for scaling reselling activities, expanding market presence, strengthening workforce, and general corporate purposes.
