Top Line targets P440-M depot expansion

MANILA, Philippines – Listed Visayas-based fuel retailer Top Line has programmed higher capital spending this year to expand its fuel business despite geopolitical uncertainties. In a media briefing, officials said they are increasing their capital expenditures (capex) this year, compared to 2025’s P1.19 billion, as Top Line pursues the expansion of its depot facility. Company executives could not immediately provide figures for capex. This year, the group seeks to conduct a follow-on offering to raise up to P1.5 billion, with about P440 million intended to beef up the depot capacity to 40 million liters from the current 10 million liters. […]...

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