Alkagesta, an international commodities trading firm based in Malta, has disclosed record financial outcomes for the initial half of 2026, as reported by Business Now. The company's revenue for this period reached €3.02 billion, equating to approximately $3.5 billion. This marks the highest first-half performance for the company, surpassing the €4.05 billion ($4.7 billion) generated for the entire 2025 fiscal year. Trading volumes for H1 2026 surged by 53% year-on-year, reaching 4.9 million metric tonnes, up from 3.2 million metric tonnes in H1 2025. Projections indicate full-year 2026 volumes are expected to exceed 10 million metric tonnes.
The company attributed its strong results to a consistent focus on ensuring reliable supply for clients amidst significant global geopolitical and commodity market instability.
A key development during the period was Alkagesta's entry into the aviation fuel sector. Following the establishment of its jet fuel supply capabilities via the NATO Central Europe Pipeline System (CEPS), the company commenced deliveries into the European aviation market, thus expanding its middle distillates portfolio. Alkagesta was also among the entities to note the commercial impact of heightened military utilisation of the NATO CEPS pipeline on jet fuel supplies to European airports.
In addition, Alkagesta executed its inaugural crude oil transactions in the first half of the year, including a complete delivery of approximately 1.07 million barrels to the Far East. This strategic entry into the crude oil market broadens the company’s commodity offerings. Activity in steel and biofuels also saw an increase, further diversifying its product range and customer base. The Singapore hub significantly scaled up its operations, with monthly trading volumes reaching approximately 250,000 metric tonnes, reinforcing its role within the company's global trading network.
Orkhan Rustamov, Chief Executive Officer, stated that the results underscore the effectiveness of a measured and disciplined growth strategy. He highlighted the company's commitment to client service and long-term relationships despite market volatility. The CEO also noted the intention of senior management, who currently hold a 35% equity stake, to further increase their ownership, signifying confidence in Alkagesta’s future.
Looking ahead, Alkagesta is on course to meet its 2026 strategic objectives, which include expanding crude oil trading, scaling jet fuel distribution, and increasing storage and logistics capacity. A multi-year biofuel storage agreement at Pantank in Antwerp earlier this year boosted total storage capacity across Europe and Asia to 700,000 m³, supporting the company's continued growth in sustainable fuels markets.
Sources
- Business Now, “Alkagesta reports record first-half results as revenue reaches €3.02 billion”, 2026-09-01 — businessnow.mt
- Alkagesta — alkagesta.com
