Top Line Business Development Corp. (PSE: TOP) is making a big move into the future of transportation by teaming up with a company called V-Green to set up electric vehicle (EV) charging stations across the Visayas region, according to a press release filed with the Philippine Stock Exchange on May 8, 2026.

What’s Happening?

Think of it this way: just like your phone needs to be charged when the battery runs low, electric cars and scooters also need charging stations. Top Line, through its fuel station business called Light Fuels Corporation, is adding these EV charging spots to their gas stations. It’s like having both a traditional gas pump and an electric charger in the same place!

The company is working with V-Green Charging Stations Philippines Inc., which is connected to VinFast, a Vietnamese company that makes electric vehicles. Together, they’re turning regular fuel stations into what they call a “multi-energy platform” – a fancy term that means one place where you can get both regular gasoline and electric charging.

Where Will These Charging Stations Be?

According to the press release, the initial rollout will cover:

• Six Light Fuels service stations in Cebu, Mandaue, and Lapu-Lapu
• Pier88 (a smart port owned by the company)
• Bay Mall in Liloan, Cebu

When Will This Start?

The company expects to begin EV charging operations sometime in the third quarter of 2026 (that’s around July to September). However, this is still subject to signing a final agreement.

How Will the Charging Work?

Each Light Fuels station will have one to two EV charging bays. Each bay can handle 18 to 20 cars per day. The charging stations will use something called CCS2 (Combined Charging System Combo 2), which is the standard type of charger required by the Department of Energy in the Philippines – this ensures all electric cars can use these chargers.

The average charging time is about 45 minutes, depending on what type of electric vehicle you have. There will also be battery-swapping stations for electric scooters, where riders can quickly exchange their empty battery for a fully charged one.

Why Is This Important?

According to data from the Land Transportation Office in Central Visayas mentioned in the press release, the number of battery electric vehicles registered grew dramatically – from just 105 vehicles in 2024 to 822 in 2025. That’s almost 8 times more electric vehicles in just one year!

Brigitte Carmel C. Lapasaran Lim, the company’s Senior Vice President and Chief Operating Officer, explained that this move is about making their fuel business “future-ready” and addressing the needs of the growing number of EV drivers in the Visayas.

About the Partnership

The partnership between Top Line and V-Green will last for at least five years and can be renewed for another five years after that. The companies signed a Memorandum of Understanding (MOU), which is like a formal agreement outlining their plans to work together.

About Top Line Business Development Corp.

Top Line (stock symbol: TOP) is a Cebu-based company with 10,742,193,000 common shares outstanding, according to the SEC filing. The company owns Light Fuels Corporation, which operates gas stations, as well as other businesses including Vikingland Corp. and Pier Eighty-Eight Ventures Inc.

According to the press release, the company currently operates 18 service stations, with 32 more under construction or renovation. These new stations are expected to be completed in phases by the end of 2026.

The Topline Group of Companies is owned by the Lapasaran Lim family and has diverse business interests including energy, fuel, real estate, technology development, port and ferry terminal operations, passenger ferry operations, and restaurant operations, mostly focused in Central Visayas.

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.