Union Gas posts record profit on Cnergy petrol station growth, to open 2 more in 2027

Union Gas reported a record S$12 million in net profit for the six months ending June 30, 2026, marking a significant increase from S$4.3 million in the same period last year. The surge in profit is attributed to a 66.4% rise in revenue to S$106 million, driven by higher liquid fuel sales and expansion of its Cnergy petrol-station business.

Union Gas currently operates three Cnergy petrol and diesel stations in Singapore, and plans to open two more in Marsiling and Jurong West in 2027, increasing its retail network to five service stations. The company's low Cnergy petrol and diesel prices, which are the lowest in Singapore, contributed to the growth in liquid fuel sales.

The company's traditional gas fuel business remains stable with S$53.8 million in revenue for the first half of 2026. Union Gas declared an interim dividend of S$0.0048 per share and its first special dividend of S$0.0032, bringing the total first-half dividend to S$0.008 per share.