Top Line starts 2025 with strong momentum: Q1 revenues grow 36% y-y, reaching P1 billion
Top Line Business Development Corp. (“Top Line” or the “Company”) begins 2025 with double-digit earnings. The Company reported a 36% year-on-year increase in gross revenues, reaching P1 billion in the first quarter of 2025, up from P738.7 million in the corresponding period last year. Meanwhile, net income grew by 38% year-on-year at P37.9 million in […]
Top Line reports record-high P3.35 billion in gross revenues and P115 million in net income for 2024
Double-digit growth earnings fueled by higher volume turnover and strong inventory management Top Line Business Development Corp. (“Top Line” or the “Company”) posted an all-time high of P3.35 billion in gross revenues for 2024, marking a 21% increase from P2.78 billion in 2023. The Company also recorded a 49% year-on-year growth in net income, reaching […]
Top Line shrugs off volatility; IPO raises P732M
MANILA, Philippines – After eight years, Cebu City has a new representative in the local bourse via fuel retailer Top Line Business Development Corp., the first company to brave the highly volatile stock market this year.
Top Line launches first IPO of 2025
MANILA, Philippines – Fuel retailer Top Line Business Development Corp. on Tuesday completed the first initial public offering (IPO) of the year, a day after global markets tumbled as a result of US President Donald Trump’s “Liberation Day” tariffs.
Top Line’s IPO oversubscribed, successfully lists on PSE
Top Line Business Development Corp. (“Top Line” or the “Company”) has successfully debuted on the Philippine Stock Exchange (PSE) through its initial public offering (IPO) of 2,148,440,000 primary common shares with an overallotment option of up to 214,844,000 secondary shares at a price of PHP 0.31 per share. Receiving strong market interest from both local […]
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 […]