Top Line Business Development Corp. (stock symbol: TOP), a company that sells and distributes fuel in the Visayas region, has announced that it will be offering special shares to investors, according to a press release dated June 4, 2026.

What Are Preferred Shares?

Think of shares like pieces of a company that people can buy. Preferred shares are special types of shares that work a bit like a piggy bank that gives you regular allowance. When you own preferred shares, the company promises to pay you money regularly – this is called a dividend. It’s different from common shares, which are the regular shares that people usually buy.

The Two Types of Shares Being Offered

TOP is offering two types of perpetual preferred shares (perpetual means they last forever unless the company buys them back):

• TOPA1 (Series A-1): Pays 9.1325% per year
• TOPA2 (Series A-2): Pays 9.5981% per year

Each share costs PHP 100.00. The company plans to sell 10 million shares (worth P1 billion), and if many people want to buy, they can sell up to 5 million more shares (an additional P500 million).

Regulatory Approval

The Securities and Exchange Commission (SEC) gave TOP official permission to sell these shares on June 3, 2026. The Philippine Stock Exchange (PSE) had already approved TOP’s application back in April 2026.

People can buy these shares from June 4 to 16, 2026. The shares will start trading on the PSE Main Board on June 26, 2026.

How Often Will Investors Get Paid?

According to the press release, people who buy these preferred shares will receive dividend payments four times a year – on March 26, June 26, September 26, and December 26. However, the company’s Board of Directors still needs to formally approve each payment. The first payment will be on September 26, 2026.

What Will TOP Do With the Money?

If TOP sells all the shares including the extra ones, they will collect about P1.5 billion. Here’s what they plan to do with the money:

• P750 million to P1 billion: For buying petroleum products from other countries, paying for ships to bring the fuel to the Philippines, and other costs related to importing fuel
• P200 million to P440 million: For building and fixing fuel storage facilities (called depots) that can hold up to 40 million liters of fuel
• The rest: For general business needs

What Does TOP Do?

Top Line Business Development Corp. is based in Cebu City and operates in the fuel business in the Visayas region. The company has two smaller companies under it:

1. Topline Logistics and Development Corp.: Brings in fuel from other countries and sells it to businesses
2. Light Fuels Corporation: Runs gas stations where regular people can buy fuel for their vehicles

TOP’s Track Record of Paying Shareholders

The company mentioned that since they first listed on the stock exchange, they have paid out a total of PHP 93.69 million in dividends to common shareholders. This includes:

• PHP 34.38 million paid on June 18, 2025
• PHP 22.54 million special payment on September 30, 2025
• PHP 36.77 million scheduled for July 2, 2026

Who Is Helping TOP Sell These Shares?

PNB Capital and Investment Corporation is managing the entire offering, working together with Security Bank Capital Investment Corporation. These companies help TOP find investors who want to buy the preferred shares.

What the Company Leaders Say

Mr. Eugene Erik Lim, TOP’s Chairman, President and CEO, explained in the press release that this offering is a continuation of the growth they started when they first listed on the stock exchange last year. He said they’re investing in buildings and equipment to make the company stronger for the long-term, while also helping ensure the Visayas region has reliable access to fuel.

Mr. Gerry Valenciano from PNB Capital noted that his company also helped TOP with their initial stock listing last year, and he has seen the company grow consistently because people need fuel and TOP has a clear plan for growth.

Mr. Virgilio Chua from Security Bank Capital praised TOP’s leadership and their focus on creating long-term value, highlighting the company’s strong commercial fuel business and growing presence in the Visayas region.

About the Company

TOP is located at the 19th Floor, Latitude Corporate Center, Mindanao Avenue, Cebu Business Park, Cebu City. As of the report, the company has 10,742,193,000 common shares outstanding.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.