CBL International Limited
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About the company
CBL International Limited, a specialized fuel logistics enterprise, delivers extensive vessel bunkering solutions across major maritime hubs including Malaysia, Hong Kong, China, South Korea, and Singapore, with operations extending globally. The company facilitates marine fuel supply by extending trade credit options and meticulously arranging the direct physical delivery of fuel. Its core function involves streamlining the refueling process, effectively connecting ship operators with local physical distributors and traders of marine fuel.
- CEO
- Teck Lim Chia
- IPO
- 2023
- Employees
- 37
- HQ
- Kuala Lumpur, WP, MY
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $26.02M
- P/E
- -273.94
- PEG
- -1.29
- P/S
- 0.16
- P/B
- 4.99
- EV/EBITDA
- -2207.32
- Div Yield
- 0.00%
- Gross Margin
- 0.96%
- Op Margin
- -0.08%
- Net Margin
- -0.06%
- ROE
- -0.78%
- ROIC
- 2.58%
Latest fiscal year · YoY change
- Revenue
- $538.49M-9.1%
- Gross Profit
- $4.47M-16.8%
- Op Income
- $-2,433,232
- Net Income
- $-2,970,424+20.5%
- EPS
- $-0.33+82.0%
- OCF Growth
- +305.6%
- FCF Growth
- +291.3%
- 52W High
- $13.80
- 52W Low
- $3.46
- 50D MA
- $5.46
- 200D MA
- $5.93
- Beta
- -1.95
- RSI (14)
- 75
- Avg Volume
- 107.14K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
CBL reported higher sales volume and a narrower first-half loss as network expansion, customer diversification, and biofuel growth helped offset lower fuel prices.· September 15, 2025
- Sales volume rose 9.8% in first half 2025 even as revenue declined on lower marine fuel prices.
- Gross profit margin improved to 1.02% and net loss narrowed 38.8% year over year.
- The port network expanded to 65 ports, up from 36 at the IPO in 2023, supporting broader geographic reach.
- Biofuel sales and volume surged, with sales up 154.7% and volume up 189.5% year over year.
- Management said tariffs and Red Sea rerouting boosted demand on Asia-Pacific and Euro-Asia corridors, while direct U.S. port exposure is minimal.
CBL said first-half 2025 total sales volume increased 9.8%. Revenue was reported as USD 255.2 million, down 4.4% year over year; management also referred to revenue of USD 265 million versus USD 277 million in first half 2024, which appears inconsistent in the transcript. Gross profit margin improved by 4 basis points to 1.02%, and net loss narrowed 38.8% to USD 0.99 million from USD 1.62 million. Operating expenses fell 17% from USD 4.12 million to USD 3.42 million, current ratio improved to 1.54, and capital days were negative 4.44. For the balance sheet, management said total bank facilities were USD 50 million. For FY2025, management expects to keep strengthening the network, growing sales volume, expanding biofuels and other sustainable fuels, improving efficiency, and maintaining financial flexibility; no formal numeric full-year guidance was given.
CEO Teck Lim Chia framed the period as one of operating through multiple external shocks, including Red Sea disruption, tariff changes, oil-price volatility, and the shift toward biofuels. He emphasized that CBL used its asset-light model, port expansion, and supplier/customer partnerships to keep growing volumes while protecting profitability. His tone was optimistic and resilient, repeatedly describing the company as well positioned to become a broader, future-ready bunkering facilitator.
Assistant CFO Nicholas Fung focused on the drivers of the 38.8% reduction in net loss: investment in port network, customer base expansion, and biofuel capabilities over prior years, plus a 17% reduction in operating expenses. He said the company is now in a “harvest year” after earlier spending, and that gross margin improved from 0.98% to 1.02% as sales volume rose and the company used a cost-plus pricing model while oil prices fell. He also highlighted liquidity and flexibility, citing a current ratio of 1.54, capital days of negative 4.44, and total bank facilities of USD 50 million.
Analysts asked what the biggest growth achievement was, how sustainable the loss reduction is, how CBL can capture rerouted trade flows, and how it plans to defend margins while expanding. Management pointed to the expansion from 36 ports at IPO to 65 ports, double-digit sales-volume growth, lower customer concentration, and rapid biofuel growth as the key achievements. On margins and profitability, management said further improvement could come from more volume, economies of scale, biofuels, and potentially methanol and LNG, while acknowledging that tariff wars and geopolitical conflict still create near-term volatility.
The bull case from this call is that CBL is growing volume and improving efficiency despite a difficult freight and fuel backdrop. Management also signaled that trade rerouting, biofuel adoption, and the company’s 65-port network could continue to support demand and mix improvement.
The main risks discussed were geopolitical instability, rerouted shipping patterns, tariff-driven trade disruption, and oil-price volatility. Revenue still declined year over year, gross margin remains thin at 1.02%, and management did not provide quantitative full-year guidance, so the earnings power remains sensitive to fuel-price and market shifts.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 15.2%
- Shares Outstanding
- 2.12M
- Float Shares
- 321.57K
of shares held by institutions
6 13F filers
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Mar 18, 26 | Fung Chi Kwan | other | 0 |
| Mar 18, 26 | He Yuan | other | 0 |
| Mar 22, 23 | Cheah Karen Yee Lynn | other | 0 |
| Mar 22, 23 | Wong Khai Fei | other | 0 |
| Mar 22, 23 | Ong Koon Liang | other | 0 |
| Mar 22, 23 | Chia Teck Lim | other | 0 |
| Mar 22, 23 | Ramasamy Logeswaran | other | 0 |
| Mar 22, 23 | Naujeck Ulf Lothar | other | 0 |
| Mar 22, 23 | Lu Xiaoling | other | 0 |
| Mar 22, 23 | Chiu Sing Chung Raymond | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
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Recent articles, reports, and earnings notes.
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Generate BANL report →CBL International Reports Strong 1H 2026 Results Highlighting Return to Profitability, Strong Volume Growth, Gross Profit More Than Doubled, and a Special Cash Dividend of $0.10 Per Share
globenewswire.com · Aug 18
CBL International Announces Regaining Compliance with Nasdaq Minimum Bid Price Requirement – Updated
globenewswire.com · Aug 4
CBL International Announces Regaining Compliance with Nasdaq Minimum Bid Price Requirement
globenewswire.com · Aug 4
CBL International Announces 1-for-13 Reverse Share Split
globenewswire.com · Jul 16
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defenseworld.net · Apr 3
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defenseworld.net · Mar 19
CBL International Limited (NASDAQ:BANL) Short Interest Down 44.8% in February
defenseworld.net · Mar 1
CBL International (NASDAQ:BANL) and Janel World Trade (OTCMKTS:JANL) Head-To-Head Contrast
defenseworld.net · Jan 7
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