CBL International Reports Strong 1H 2026 Results

Thu, 20 Aug 2026, 14:42 WIB | Source: ANTARA_EN | Business

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CBL International Reports Strong 1H 2026 Results

August 20, 2026 14:42 GMT+700

Highlighting Return to Profitability, Strong Volume Growth, Gross Profit More Than Doubled, and a Special Cash Dividend of $0.10 Per Share

Kuala Lumpur (ANTARA/ACN Newswire) -

CBL International Limited (Nasdaq: BANL) (the “Company” or “CBL”), the listing vehicle of the Banle Group (“Banle” or “the Group”), a leading marine fuel logistics company in the Asia-Pacific region, has announced its unaudited financial results for the six months ended June 30, 2026, and declared a special cash dividend of $0.10 per share.

1H 2026 Financial and Operational Highlights

Revenue of $395.59 million, an increase of 49.2% year-on-year, driven primarily by higher marine fuel prices amid geopolitical volatility and secondarily by volume growth.
Sales volume grew 10.9%, supported by the cumulative benefits of multi-year network expansion, successful new customer acquisitions, and progressive customer diversification.
Gross profit increased 140.5% to $6.53 million. Gross profit margin expanded 63 basis points to 1.65% from 1.02% in 1H2025, reflecting the Company’s ability to secure reliable supply and fulfill customer requirements at competitive pricing amid heightened market volatility.
Returned to profitability with net income of approximately $1.50 million, compared with a net loss of $992,000 in 1H2025, mainly attributable to higher sales volumes, improved gross profit margin, continued operating expense discipline, and better operational efficiency.
Global service network expanded to more than 70 ports across Asia Pacific, Europe, Australia, Africa, and Central America, strengthening CBL’s position as a global one-stop marine fuel logistics platform.
In April 2026, acquired a 50.5% majority stake in Green Marine Energy Holdings Limited, expanding upstream into sustainable feedstock distribution and strengthening physical bunker capabilities in Malaysia.
Banking facilities expanded as of June 30, 2026, providing enhanced financial flexibility to support working capital and growth initiatives.
Subsequent events: On July 16, 2026, the Company announced a 1-for-13 reverse share split of its Class A and Class B ordinary shares, effective for trading on July 20, 2026. The reverse share split was effected primarily to regain compliance with Nasdaq’s minimum bid price requirement. On August 3, 2026, the Company received notification from Nasdaq that it had regained compliance with Nasdaq Listing Rule 5550(a)(2).
The Company has declared a special cash dividend of $0.10 per share for both Class A and Class B ordinary shares, with a record date of August 28, 2026 and a distribution date of September 18, 2026.

Financial Performance Overview

The Company reported consolidated revenue of $395.59 million for the six months ended June 30, 2026, representing a 49.2% increase from $265.17 million in the same period of 2025. The increase was driven primarily by the surge in global oil prices arising from the escalation of Middle East geopolitical tensions and secondarily by the 10.9% growth in sales volume.

Gross profit rose 140.5% to $6.53 million from $2.71 million, while gross profit margin expanded from 1.02% in 1H2025 to 1.65% in 1H2026. This 63-basis-point improvement reflects CBL’s strengthened ability to secure reliable supply and meet elevated customer demand at competitive pricing amid tighter Middle East bunker availability and heightened market volatility. The multi-year investments in network coverage and supplier relationships enabled the Company to capture demand arising from vessel rerouting while protecting and expanding margins.

Total operating expenses increased by 2.2% year-on-year to $3.49 million from $3.42 million, demonstrating continued cost discipline. Selling and distribution expenses increased by (+9.6%) in line with higher volumes, while general and administrative expenses remained at the same level as the same period in 2025. The Company recorded operating income of $3.04 million compared with an operating loss of $701,000 in 1H2025, and net income of approximately $1.50 million compared with a net loss of $992,000 in the prior-year period.

Strategic Expansion and Operational Excellence

CBL’s multi-year strategy of port expansion and supplier development continued to deliver tangible results. As of 30 June 2026, the Company’s global service network had expanded to more than 70 ports, enabling it to serve key global trade routes with competitive pricing and reliable delivery.

Asia Pacific remained the primary revenue driver. Elevated bunker demand arising from vessels redirected away from the Middle East toward Far East and intra-Asia corridors was captured through the strengthened regional network. Sales concentration among the top five customers declined to below 60% (compared with 60.4% in 1H2025 and 66.7% in 1H2024), while revenue from the top 12 global container liner customers increased to 68.6% from 60.1%. Customers acquired within the past two years contributed 23.5% of total sales during the first half of 2026.

Despite significant geopolitical disruptions—including the escalation of Middle East conflicts involving Iran, threats to close the Strait of Hormuz in March 2026, ongoing Red Sea instability, and the impacts of U.S. tariff policies—CBL demonstrated strong resilience. CBL’s diversified supplier network enabled the Company to secure suppl

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