Uni-Fuels (UFG) Registration Filing summary

Company overview and business model

• Provides marine fuels solutions globally, headquartered in Singapore, with operations in sales and brokerage of marine fuels including VLSFO, HSFO, MGO, and BMF.

• Operates through both direct sales and brokerage models, offering value-added services such as trade credit, financing, market intelligence, and operational expertise.

• Expanded internationally with subsidiaries in the UAE, China, and Cyprus, and serves a diverse customer base across shipping sectors and geographies.

Financial performance and metrics

• Revenue from marine fuels sales reached $155.2M in 2024 and $114.6M for the first half of 2025.

• Net income was $171,597 in 2024 and $90,987 for the first half of 2025, with prior year net income of $1.2M.

• Brokerage revenue declined from $633,748 in 2023 to $12,150 in 2024, with $1,973 in the first half of 2025.

• Completed two commercial paper issuances of $3M each in 2025, both fully repaid or closed.

Use of proceeds and capital allocation

• Proceeds from offerings will be used primarily for business growth, working capital, and general corporate purposes, with potential for acquisitions or investments in technologies or businesses.

• Management retains broad discretion over allocation of net proceeds.