Commodity trading house Alkagesta has reported record first-half results for 2026, with revenue reaching €3.02 billion ($3.5 billion) for the six months to June. The figure builds on the €4.05 billion ($4.7 billion) the company generated across the whole of its 2025 financial year, and marks the strongest half-year performance in Alkagesta's history.
Trading volumes for the first half rose 53% year on year to 4.9 million metric tonnes, up from 3.2 million tonnes in the same period of 2025. On the basis of current trading activity, the company expects full-year 2026 volumes to exceed 10 million metric tonnes, against 8.7 million tonnes last year. Alkagesta attributes the performance to keeping supply reliable for customers through a period of unusually severe geopolitical and commodity-market volatility.
The defining development of the period was the company's entry into the aviation fuel market. After establishing the capability to supply jet fuel through the NATO Central Europe Pipeline System (CEPS), Alkagesta began deliveries into the European aviation market at a time of acute supply concern, adding a new dimension to its middle-distillates platform. The company also completed its first crude oil transactions in the half, including end-to-end delivery of roughly 1.07 million barrels to the Far East, while activity in steel and biofuels increased.
The Singapore hub continued to scale, with monthly trading volumes reaching approximately 250,000 metric tonnes and reinforcing the platform's role in Alkagesta's wider international network. Senior management currently holds a 35% equity stake in the business, and leadership has said it intends to raise that further.
Chief executive Orkhan Rustamov said the results reflected "a measured and disciplined approach to growth", adding that despite significant volatility across global commodities markets the focus had "remained on serving our clients reliably and building our business on strong, long-term relationships". He said the company would continue to grow "step by step", strengthening its presence in the markets where it operates.
Looking ahead, Alkagesta says it remains on track against its 2026 priorities: expanding crude oil trading, scaling jet fuel distribution volumes and growing storage and logistics capacity. A multi-year biofuel storage agreement at Pantank in Antwerp, signed earlier this year, lifted total storage capacity across Europe and Asia to 700,000 cubic metres.
