Reported Earnings • May 05
Full year 2025 earnings released: US$0.28 loss per share (vs US$0.069 profit in FY 2024) Full year 2025 results: US$0.28 loss per share (down from US$0.069 profit in FY 2024). Revenue: US$307.7m (down 2.3% from FY 2024). Net loss: US$4.46m (down US$5.49m from profit in FY 2024). New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (31% average weekly change). Revenue has declined by 2.3% over the past year. Minor Risk Market cap is less than US$100m (US$10.8m market cap). New Risk • Mar 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.55m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue has declined by 14% over the past year. Market cap is less than US$10m (US$9.55m market cap). Minor Risk High level of debt (88% net debt to equity). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$1.17, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 15x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to US$1.09, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Oil and Gas industry in the US. Board Change • Jan 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Executive Chairman Dongjian Xie is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 31
First half 2025 earnings released: EPS: US$0.037 (vs US$0.03 in 1H 2024) First half 2025 results: EPS: US$0.037 (up from US$0.03 in 1H 2024). Revenue: US$102.0m (down 29% from 1H 2024). Net income: US$560.0k (up 24% from 1H 2024). Profit margin: 0.5% (up from 0.3% in 1H 2024). The increase in margin was driven by lower expenses. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 14% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 14% over the past year. Minor Risks High level of debt (88% net debt to equity). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$13.7m market cap). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.04, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 14x in the Oil and Gas industry in the US. New Risk • Nov 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$15.9m market cap). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.05, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 13x in the Oil and Gas industry in the US. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 27% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (27% average weekly change). 공시 • Jul 10
Delixy Holdings Limited has completed an IPO in the amount of $8 million. Delixy Holdings Limited has completed an IPO in the amount of $8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: $4
Discount Per Security: $0.3