Reported Earnings • Apr 20
Full year 2025 earnings released: US$0.11 loss per share (vs US$0.14 loss in FY 2024) Full year 2025 results: US$0.11 loss per share (improved from US$0.14 loss in FY 2024). Revenue: US$538.5m (down 9.1% from FY 2024). Net loss: US$2.97m (loss narrowed 21% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Duyuru • Apr 01
CBL International Limited, Annual General Meeting, Apr 28, 2026 CBL International Limited, Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: level 23-2, menara permata sapura, kuala lumpur city centre, 50088 kuala lumpur, Malaysia New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 74% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (US$18.6m market cap). New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 74% per year over the past 5 years. Market cap is less than US$10m (US$9.23m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.92m 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 Earnings have declined by 74% per year over the past 5 years. Market cap is less than US$10m (US$9.92m market cap). Duyuru • Nov 20
CBL International Limited Appoints Yuan He to Board of Directors, Effective December 1, 2025 CBL International Limited announced the appointment of Mr. Yuan He to its board of directors, effective December 1, 2025.Mr. Yuan He has been serving as senior vice president of the Company and its predecessor entity since the inception of the Group in 2015. He is primarily responsible for the bunkering business division and the Group’s management and strategic development. With over 17 years of experience in the oil and gas-related industries and business management, Mr. He plays a pivotal role in positioning the Group as a key player in the competitive marine fuel logistics market. He holds a bachelor’s degree in engineering and a master’s degree in science from the University of Wollongong, Australia. Reported Earnings • Sep 08
First half 2025 earnings released: US$0.035 loss per share (vs US$0.061 loss in 1H 2024) First half 2025 results: US$0.035 loss per share (improved from US$0.061 loss in 1H 2024). Revenue: US$265.2m (down 4.4% from 1H 2024). Net loss: US$972.9k (loss narrowed 37% from 1H 2024). Duyuru • Sep 03
CBL International Limited to Report First Half, 2025 Results on Sep 15, 2025 CBL International Limited announced that they will report first half, 2025 results on Sep 15, 2025 New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 72% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$19.6m market cap). Duyuru • Jun 04
CBL International Limited (NasdaqCM:BANL) announces an Equity Buyback for 5,000,000 shares, for $5 million. CBL International Limited (NasdaqCM:BANL) announces a share repurchase program. Under the program, the company will repurchase up to the lesser of $5 million or 5,000,000 shares. The program will expire on April 15, 2028. Reported Earnings • Apr 17
Full year 2024 earnings released: US$0.14 loss per share (vs US$0.046 profit in FY 2023) Full year 2024 results: US$0.14 loss per share (down from US$0.046 profit in FY 2023). Revenue: US$592.5m (up 36% from FY 2023). Net loss: US$3.74m (down 428% from profit in FY 2023). Duyuru • Apr 08
CBL International Limited to Report Fiscal Year 2024 Results on Apr 16, 2025 CBL International Limited announced that they will report fiscal year 2024 results at 12:30 PM, US Eastern Standard Time on Apr 16, 2025 New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$28.2m market cap). Duyuru • Mar 22
CBL International Limited, Annual General Meeting, Apr 23, 2025 CBL International Limited, Annual General Meeting, Apr 23, 2025, at 10:00 Singapore Standard Time. Location: level 23-2, menara permata sapura, kuala lumpur city centre, 50088, Malaysia Duyuru • Mar 02
CBL International Limited has filed a Follow-on Equity Offering in the amount of $2.604166 million. CBL International Limited has filed a Follow-on Equity Offering in the amount of $2.604166 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Jan 02
CBL International Limited Announces Chief Financial Officer Changes CBL International Limited announced effective December 31, 2024, Sing Chung Raymond Chiu, the Chief Financial Officer of the company, will resign from such position and transition to serving in another officer position with the Company. Mr. William Chia, the Company’s Chief Executive Officer, will serve as the acting Chief Financial Officer until the Company identifies a suitable replacement for Mr. Chiu. The Company’s financial controller, Nicholas Fung, will support Mr. Chia as the Assistant Chief Financial Officer effective January 1, 2025. Reported Earnings • Sep 18
First half 2024 earnings released: US$0.065 loss per share (vs US$0.046 profit in 1H 2023) First half 2024 results: US$0.065 loss per share (down from US$0.046 profit in 1H 2023). Revenue: US$277.2m (up 44% from 1H 2023). Net loss: US$1.62m (down 240% from profit in 1H 2023). Duyuru • Sep 05
CBL International Limited to Report First Half, 2024 Results on Sep 12, 2024 CBL International Limited announced that they will report first half, 2024 results on Sep 12, 2024 New Risk • Aug 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue has declined by 5.8% over the past year. High level of non-cash earnings (329% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (US$21.5m market cap). Duyuru • Aug 23
CBL International Limited announced that it has received $1.375 million in funding On August 22, 2024, CBL International Limited closed the transaction. The transaction included participation from single investor pursuant to regulation D. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to US$1.06, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 10x in the Oil and Gas industry in the US. Total loss to shareholders of 30% over the past year. Duyuru • Jul 21
CBL International Limited Makes Strategic Entry into India with Successful Inaugural Bunkering Service At Mundra Port CBL International Limited announced the successful completion of its inaugural bunkering service in India on July 11. This landmark operation was conducted at Mundra Port, Gujarat, one of India's lmost strategically important ports. This achievement marks a significant step forward in Banle's expansion strategy and underscores its commitment to enhancing operational capabilities and market presence in key global regions. Mundra Port is renowned for its pivotal role in India's maritime logistics, handling over 155 million metric tonnes (MT) of cargo as of November 2023. The port serves as a critical export-import gateway, facilitating approximately 33% of India's container traffic. Its advanced infrastructure, including the capability to handle large vessels, positions it as a crucial hub for seaborne trade and economic growth, aligning with India's ambition to become a $5 trillion economy by 2025. The successful bunkering service provided to a global integrated logistics and shipping company at Mundra Port highlights Banle's operational excellence and commitment to delivering high-quality services in key strategic locations. Positive Operational Impact: This milestone is expected to have a positive impact on Banle's operational performance. Establishing a footprint in India's rapidly growing maritime market enhances Banle's ability to expand network and increase market share. The successful operation at Mundra Port strengthens relationships with key clients, driving sustainable growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 59% After last week's 59% share price gain to US$1.09, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 11x in the Oil and Gas industry in the US. Total loss to shareholders of 46% over the past year. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: US$0.046 (vs US$0.17 in FY 2022) Full year 2023 results: EPS: US$0.046 (down from US$0.17 in FY 2022). Revenue: US$435.9m (down 5.8% from FY 2022). Net income: US$1.14m (down 69% from FY 2022). Profit margin: 0.3% (down from 0.8% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk High level of non-cash earnings (89% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$26.5m market cap). Duyuru • Mar 21
CBL International Limited, Annual General Meeting, Apr 24, 2024 CBL International Limited, Annual General Meeting, Apr 24, 2024, at 10:00 China Standard Time. Location: Suite 3602-03A, Skyline Tower, 39 Wang Kwong Road Kwoloon Bay Hong Kong Agenda: To approve, by separate ordinary resolutions, the re-election of the following persons as directors of the company to serve until they cease to be Directors in accordance with the articles of association of the company; to ratify, by ordinary resolution, the appointment of MRI Moores Rowland LLP as the company’s independent registered public accounting firm effective February 23, 2024 and for the fiscal year ended December 31, 2022 & 2023, and to authorize the board of Directors to fix the remuneration of MRI; and to transact such other business as may properly come before the meeting. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$1.06, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.50, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.51, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 8x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.06, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 7x in the Oil and Gas industry in the US. Duyuru • Oct 06
CBL International Limited, Annual General Meeting, Nov 06, 2023 CBL International Limited, Annual General Meeting, Nov 06, 2023, at 09:30 Singapore Standard Time. Location: Level 23-2, Menara Permata Sapura, Kuala Lumpur City Centre, 50088 Kuala Lumpur Malaysia Agenda: To approve, by separate ordinary resolutions, the re-election of the following persons as directors of the Company to serve until they cease to be Directors in accordance with the articles of association of the Company; to ratify, by ordinary resolution, the appointment of MSPC Certified Public Accountants and Advisors, P.C. as the Company’s independent registered public accounting firm effective June 23, 2023 and for the fiscal year ending December 31, 2023, and to authorize the board of Directors to fix the remuneration of MSPC CPA; and to discuss other matters. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$1.17, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 6x in the Oil and Gas industry in the US. Reported Earnings • Sep 16
First half 2023 earnings released: EPS: US$0.046 (vs US$0.051 in 1H 2022) First half 2023 results: EPS: US$0.046. Revenue: US$192.0m (down 19% from 1H 2022). Net income: US$1.15m (up 5.9% from 1H 2022). Profit margin: 0.6% (up from 0.5% in 1H 2022). The increase in margin was driven by lower expenses. New Risk • Sep 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 89% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (89% accrual ratio). Minor Risk Market cap is less than US$100m (US$36.8m market cap). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$3.69, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 5x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$3.09, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 5x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$3.12, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 5x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 81% After last week's 81% share price decline to US$3.19, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 6x in the Oil and Gas industry in the US. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: US$0.17 (vs US$7.28 in FY 2021) Full year 2022 results: EPS: US$0.17. Revenue: US$462.9m (up 42% from FY 2021). Net income: US$3.69m (up 3.3% from FY 2021). Profit margin: 0.8% (down from 1.1% in FY 2021). The decrease in margin was driven by higher expenses.