It was a pleasure to bring together our Singapore team with colleagues from across the Alkagesta group during APPEC 2026 and take a moment to reflect on what has been achieved over the past year.
In a relatively short period, Alkagesta has established a solid position in the Singapore market — including securing storage capacity at Horizon Terminal, further strengthened by building our distribution business in the short market and significantly expanding our physical presence.
Today, our delivered business has reached approximately 250 kt per month, representing around 5% of Singapore’s marine fuels market.
The growth is also reflected in our H1 2026 results:
- 1.65m MT delivered, up approximately 104% from 0.81m MT in 2025
- US$1.01bn revenue, representing approximately 171% growth versus FY2025
- Stronger profitability and a stronger capital base
These numbers are the result of building the business step by step — developing the right infrastructure, relationships, market capabilities and, most importantly, a strong team on the ground.
A big thank you to our Singapore colleagues and to everyone across Alkagesta who has contributed to this development. What we have achieved in Singapore is a great example of what can be accomplished when teams across different parts of the world work together with a common purpose.
Well done to the entire team. More to come.
