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Top Line receives SEC’s grant of permit to sell for IPO
Top Line Business Development Corp. (“Top Line” or the “Company”) is pleased to announce that the initial public offering (IPO) of approximately 22% of its common shares has obtained final regulatory approval. The Securities and Exchange Commission (SEC) has officially approved Top Line’s registration of common shares on March 21, 2025, granting an Order of Registration and a Permit to Sell. This […]
Top Line repositions IPO proceeds for expansion
P764.2 million in net proceeds from primary offer shares to support vertical integration, providing reliable fuel supply in the high-growth Central Visayas region Top Line Business Development Corp. (Top Line) has adjusted the allocation of expected proceeds from its initial public offering (IPO) to align more closely with its near-term strategic expansion initiatives. This […]
Top Line’s net income surges by 157% y-y to P90.5 million in the first nine months of 2024, surpassing full year 2023’s performance
Top Line’s growth is driven by increase in volume sales, better gross margin, and compelling strategic initiatives Top Line Business Development Corp. (Top Line) records historic high of P90.5 million in net income in the first nine months of 2024 soaring 157% year-on-year from P35.2 million for the same period in 2023. The Company’s […]
Top Line adjusts IPO’s Offer Structure
Adjustments prompted by discussions with potential institutional investors seeking block investments Top Line Business Development Corp. (Top Line) has optimized its total issued and outstanding common shares for its initial public offering (IPO) from the previous minimum of approximately 30% to 20%, following discussions with potential institutional investors. “We appreciate the interest shown by […]
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 […]