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CBL International Limited

BANL

CBL International Limited • NASDAQ
$0.44 ▲ 0.93% (+0.00)
Market Cap $12.23 M
52w High $1.30
52w Low $0.40
Dividend Yield 0%
P/E -3.7
Volume 13.00K
Outstanding Shares 27.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $265.171M ▼ $3.416M ▼ $-972.898K ▲ -0.367% ▲ $-0.035 ▲ $-607.022K ▲
Q4-2024 $315.286M ▲ $4.585M ▲ $-2.116M ▼ -0.671% ▼ $-0.071 ▼ $-1.831M ▼
Q2-2024 $277.232M ▲ $4.117M ▲ $-1.62M ▼ -0.584% ▼ $-0.065 ▼ $-1.308M ▼
Q4-2023 $243.942M ▲ $3.059M ▲ $-14.22K ▼ -0.006% ▼ $-0.001 ▼ $253.226K ▼
Q2-2023 $191.956M $2.489M $1.153M 0.601% $0.046 $1.564M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $5.425M ▼ $61.444M ▼ $39.558M ▼ $21.886M ▼
Q4-2024 $8.021M ▼ $69.292M ▲ $46.525M ▲ $22.909M ▼
Q2-2024 $27.326M ▲ $68.22M ▲ $44.546M ▲ $23.766M ▼
Q4-2023 $25.034M ▲ $53.462M ▼ $28.169M ▼ $25.3M ▼
Q2-2023 $10.431M $53.788M $28.474M $25.314M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-972.898K ▲ $-540.446K ▲ $-1.206K ▲ $-644.34K ▼ $-505.219K ▲ $-1.185M ▲
Q4-2024 $-2.116M ▼ $-4.245M ▼ $-127.03K ▼ $2.706M ▲ $-9.688M ▼ $-4.372M ▼
Q2-2024 $-1.62M ▼ $2.302M ▲ $-17.416K ▲ $0 $1.142M ▲ $2.285M ▲
Q4-2023 $-14.22K ▼ $-2.796M ▲ $-232.114K ▲ $0 ▼ $-1.514M ▼ $-3.028M ▲
Q2-2023 $1.153M $-7.237M $-541.75K $13.177M $2.699M $-7.779M

Five-Year Company Overview

Income Statement

Income Statement Revenue has risen steadily over the past several years, showing the business is gaining commercial traction. However, profit margins are very thin, and results hover around break‑even. The most recent year slipped into a small loss after earlier years of modest profitability, suggesting that growth, competitive pricing, or higher costs are putting pressure on earnings. Overall, the company is still in a fragile profitability zone, where small changes in volumes or margins can swing results from profit to loss.

Balance Sheet

Balance Sheet The balance sheet is small but relatively clean. The company operates with no financial debt, which reduces financing risk. Cash and total assets are modest, reflecting an asset‑light model rather than ownership of heavy infrastructure. Equity has generally increased from a very low base, indicating some buildup of net worth over time, but the capital cushion is still thin. This means shocks or prolonged losses could quickly strain the balance sheet.

Cash Flow

Cash Flow Cash generation from the core business has been roughly around break‑even, with a slight cash outflow in one recent year. Capital spending is minimal, consistent with an asset‑light approach, so free cash flow broadly tracks operating cash flow. This keeps cash needs manageable but also underscores that the business does not yet produce consistently strong surplus cash. Stability in cash flow will be important if market conditions worsen or growth investments increase.

Competitive Edge

Competitive Edge Within marine fuel logistics, the company competes by being nimble, asset‑light, and sustainability‑focused rather than by scale alone. It has built a wide port network and serves many major shipping lines, which supports its credibility. Its early move into sustainable biofuels and certifications in that area create a clear point of differentiation versus more traditional bunkering providers. At the same time, it remains a small player in a market dominated by large oil and trading houses, so bargaining power, pricing, and margin resilience are ongoing challenges.

Innovation and R&D

Innovation and R&D Innovation is concentrated in sustainable fuels and digital logistics rather than in heavy laboratory research. The company has pushed early into biofuel blends for ships, backed by recognized sustainability certifications, and is exploring future options like LNG and methanol. It is also upgrading IT systems for order tracking, workflow automation, and analytics to make bunker delivery more efficient and transparent. This is more about practical, customer‑facing innovation than deep tech R&D, but it aligns well with regulatory trends and customer demand for cleaner, better‑managed fuel solutions.

Summary

CBL International is a small, asset‑light marine fuel logistics company that is growing its top line and positioning itself as an early mover in green bunkering. Its financial profile shows rising revenue but very tight margins and a recent swing to a small loss, with a thin equity base and only modest cash reserves, though importantly no debt. The strategy leans on sustainability, certifications, and a broad port network to stand out in a highly competitive, low‑margin industry. Future performance will depend on its ability to turn its sustainable fuel leadership and digital tools into more resilient margins and more consistent positive cash flow while managing the risks that come with its small scale.

NEWS

November 26, 2025 · 8:00 AM UTC

CBL International Limited Wins Prestigious “CGMA Excellent Sustainability Award” at the CGMA Annual Awards 2025

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November 19, 2025 · 7:30 AM UTC

CBL Appoints Mr. Yuan He to Board of Directors

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October 24, 2025 · 8:55 AM UTC

CLARIFICATION ANNOUNCEMENT

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September 4, 2025 · 4:05 PM UTC

CBL International Reports 1H 2025 Results Highlighting Strong Biofuel Growth, Reduced Net Loss, and Improved Gross Profit Margin

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September 2, 2025 · 9:35 AM UTC

CBL International Limited Announces 2025 Interim Results at Webcast

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