International energy and commodity trading house Alkagesta has announced record results for the first half of 2026, with revenue reaching $3.5 billion and trading volumes rising by 53% year on year to 4.9 million metric tonnes.
These impressive figures build on the company’s record performance in the previous financial year, where it generated $4.7 billion in revenue. The continued success reflects Alkagesta’s dedication to investing in the expansion and reach of its trading operations across Europe, Asia, the Middle East, and Africa. Based on current trading activity, Alkagesta is expecting its full-year volumes for 2026 to exceed 10 million metric tonnes.
One of the major developments during this period was Alkagesta’s entry into the European aviation fuel market. With access to the NATO Central Europe Pipeline System (CEPS), the company began delivering Jet A1 fuel to the European market, establishing a new distribution capability in the middle-distillates value chain at a time when the aviation industry is facing supply concerns.
Alkagesta also made its first foray into the crude oil market, completing end-to-end delivery of approximately 1.07 million barrels to the Far East. This strategic move expands the company’s trading platform and provides a controlled entry into a new commodity segment.
In addition to these achievements, Alkagesta’s Singapore hub, which was established under Alkagesta Asia Pte in July 2025, reached monthly trading volumes of approximately 250,000 metric tonnes during the first half of 2026. This represents around 5% of Singapore’s marine fuels market and resulted in revenue of $1.01 billion for the period. This growth was supported by secured storage capacity at Horizon Terminal and a growing physical distribution business.
The company’s senior management team currently holds a 35% equity stake in Alkagesta, with plans to increase this further. This reflects their confidence in the company’s long-term trajectory and their commitment to aligning management interests with the sustained success of the business.
CEO Orkhan Rustamov stated, “These results are a testament to our measured and disciplined approach to growth. Despite volatility in global commodities markets, we have remained focused on providing reliable service to our clients and building strong, long-term relationships. As we continue to strategically expand our jet fuel and crude oil trading activity and increase our storage and logistics capacity, we are confident in our ability to maintain our resilience and strengthen our presence in the markets where we operate.”
For more information on Alkagesta’s performance in the first half of 2026, please refer to the full 1H 2026 Performance Update, available on the company’s website.
