Top Line moves IPO to Q1 2025: Accommodates Potential Institutional Investors
Top Line Business Development Corp. (Top Line) has decided to move the offer period for its initial public offering (IPO) from this year to the first quarter of 2025 as potential institutional investors need more time to secure internal approvals to participate in the IPO. “While we initially planned to proceed with our original offer […]
The Future of Fuel: Cebu-Based Retailer Top Line Bullish on Industry Growth
Top Line’s President and CEO, Eugene Erik C. Lapasaran Lim, is featured on Bilyonaryo News Channel’s “Basis Points” on September 30, 2024.
Fuel retailer Topline eyes solar-powered stations
CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) said it plans to install solar systems to energize its fuel stations. “In terms of the project cost, when you put the solar in the station, I think it’s about 10%, more or less,” Topline President and Chief Executive Officer Eugene Erik C. Lim told reporters […]
Revenue boost fuels Topline expansion
CEBU CITY, Philippines — Top Line Business Development Corp., a petroleum company based here, is fired up for a high-octane Visayas expansion, ignited by robust revenue growth last year. In a press conference late Friday, Topline president and CEO Eugene Erik Lim said revenues surged by 33 percent to P2.8 billion in 2023 from P2.1 […]
Firm to open 9 gas stations in Metro Cebu
HOMEGROWN Top Line Business Development Corp. (Topline) is investing P210 million for the expansion of its Light Fuel service stations. Eugene Erik Lim, Topline’s chairman, president and chief executive officer, on Friday, July 26, 2024, said the budget will be used to finance the opening of nine more Light Fuel service stations this year, of […]
Topline posted 9% revenue growth in first quarter
Cebu-based fuel retailer Top Line Business Development Corp. (Topline) said over the weekend it registered a 9-percent year-on-year revenue growth in the first quarter of 2024 to P739 million from P680 million in the same quarter of 2023.
Topline expands in Cebu amid robust demand, rosy economic prospects
CEBU CITY—Encouraged by Cebu City’s vibrant economic prospects and its own rapid expansion, Topline Business Development Corp, led by the Lim siblings, is set to enhance its footprint in the downstream oil industry. The company is doubling down on its bet on Cebu’s petroleum retail market, potentially a prelude to an even more aggressive growth strategy […]
Cebu oil firm sets robust expansion for Visayas retail, commercial fuel users
Cebu-based Top Line Business Development Corp. (Topline) is pursuing robust expansion on its core business in the fuel industry, primarily to meet the growing needs of retail as well as commercial end-users in its main market in the Visayas. According to Topline Chairman Erik Lim, who is also the company’s President and CEO, at least […]
Topline posts 33% YOY growth to ₱2.8 billion in 2023, gears up for expansion
“The company’s bullish growth is supported by resilient and strong fuel demand in Cebu Province and Metro Cebu where we operate. But fundamentally, this growth is attributed to the dedication of our hardworking and talented team who always seek to provide top-of-the-line service for our industry and retail customers,” Erik Lim, Topline’s Chairman, President and […]
How the Lim Siblings of Cebu are Working to Get a Bigger Slice of the Retail Fuel Pie
When the local oil industry was deregulated in 1998, it paved the way for smaller independent players to compete against the so-called Big Three oil companies—Petron, Shell, and Caltex. New players entered the market and pumped more than P30 billion in new investments by 2009 after the oil deregulation law was passed.