Alkagesta Reports $3.5 Billion First-Half 2026 Revenue as Trading Volumes Rise 53%

Alkagesta reported group revenue of $3.5 billion for the first half of 2026, with trading volumes rising 53% year on year to 4.9 million metric tonnes, GlobeNewswire said on October 16, 2026. The Malta-headquartered energy and commodity trading house expects full-year 2026 volumes to exceed 10 million metric tonnes.

Alkagesta's First-Half 2026 Trading Results

Alkagesta is a privately held energy and commodity trading house founded in 2018 and headquartered in Sliema, Malta, trading petroleum products, fertilizers, biofuels and steel across more than 48 countries, according to company records.

The first-half figures build on a record 2025 financial year in which the company generated $4.7 billion in revenue. Alkagesta Asia Pte, established in Singapore in July 2025, reached monthly delivered volumes of approximately 250,000 metric tonnes, around 5% of Singapore's marine fuels market, within its first full year of operations. First-half 2026 revenue from the Singapore hub reached $1.01 billion, representing approximately 171% growth versus the full year 2025.

In 2026 the company entered aviation fuel and crude oil markets. It secured access to the NATO Central Europe Pipeline System and commenced Jet A1 deliveries into the European aviation market. Alkagesta also completed its first crude oil transactions, including end-to-end delivery of approximately 1.07 million barrels to the Far East.

Orkhan Rustamov, Founder and Chief Executive Officer of Alkagesta, said: "These results reflect the progress we have made through a measured and disciplined approach to growth. Despite significant volatility across global commodities markets, our focus has remained on serving our clients reliably and building our business on strong, long-term relationships."

Alkagesta's Pipeline Access and Biofuel Storage

Alkagesta gained commercial access to NATO's Central European Pipeline System in February 2026, enabling jet fuel supply to airports in Germany and Belgium, with the company expecting to trade around 100,000 tonnes of jet fuel in 2026 through the network, according to akta.pro company records.

Across its biofuels desk, Alkagesta secured a five-year feedstock offtake agreement for Used Cooking Oil and a multi-year biofuel storage agreement at Pantank in Antwerp, bringing total storage capacity across Europe and Asia to 700,000 m³. In October 2026, the company completed its first truck-to-vessel marine fuel supply operation in Constanța, Romania.

Earlier Alkagesta Growth Milestones

In August 2026, Emerging Europe reported that Alkagesta was on course for its strongest year yet, citing record first-half revenue of $3.5 billion and expansion into jet fuel and crude oil trading, including its first crude shipment.

In May 2026, Manifoldtimes reported that Alkagesta Marine Fuels Director Mithat Çiftçioğlu said the primary risk in the 2026 bunkering market had shifted from fuel price volatility to physical fuel availability due to geopolitical tensions at the Strait of Hormuz.

Alkagesta's Next Steps

Alkagesta said it will continue to grow strategically, strengthening its presence in the markets where it operates. The company's banking partners summit in Malta brought together representatives from financial institutions across Switzerland, the Netherlands, Austria, the United Kingdom and Malta, with combined banking support exceeding USD 1 billion.