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NASDAQ · WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) · SMALL CAP

CBL International Ltd. BANL

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$538.5M
▼ 9.1% YoY
$-3.0M
$4.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

CBL International Ltd facilitates vessel refueling between ship operators and local physical distributors and traders by purchasing marine fuel, including fossil fuel and alternative fuel such as biofuel and LNG, from its suppliers and arranging for the fuel to be delivered by the suppliers to its customers. It prices its services on a "cost plus" basis, obtaining a premium that is the difference between the selling price per metric ton of marine fuel sold to customers and the purchase cost from suppliers. The company operates in fossil fuel and sustainable fuel markets, with a presence across Asia Pacific, Europe, Australia, Africa, and Central America. As of April 2026, it had established a supply network covering more than 70 ports across the Asia Pacific, Europe, Australia, Africa and Central America. Previously focused more on container liners, the company has broadened its customer base to include bulk carriers and tankers. It commenced business in 2015. It changed its trading products at the end of 2018, handled Very Low Sulphur Fuel Oil throughout 2019, and integrated with the newly regulated market at the beginning of 2020.

Written from the business description in CBL International Ltd's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth

USD 538.5M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 538.5 · Net income -3.0
250.0M500.0M
202120242025
Compound annual growth
+5.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−1 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -0.5% · Net -0.6%
0.5%1.0%-0.2%-0.4%-0.6%
202120232025
ROE
FY2025 · ROE -14.0%
20%40%-5%-10%-15%
202120232025
Three returns, three denominators.

Each USD of equity lost 14 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 4.0
2M3M-5M-10M
202120232025

Total assetsUSD 75.7M
EquityUSD 19.9M
CashUSD 9.3M
Gross debtUSD 1.9M
Net debtUSD -7.4M
Current ratio1.35×

The company holds more cash than debt.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
BANL, 5-year financial record
Metric 20252024202320222021
Revenue $B0.50.60.40.50.3
Operating income $B−0.0−0.00.00.00.0
EBITDA $B−0.0−0.00.00.00.0
Income tax $B−0.0−0.00.00.00.0
Net income $B−0.0−0.00.00.00.0
Free cash flow $B0.0−0.0−0.00.0−0.0
EPS, diluted $−0.11−0.140.040.17◌
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %−14.0−16.16.135.942.4
Shares out B0.030.030.030.020.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 25 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: EPS is not tagged before 2021. 14 checks were skipped: revenue is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWholesale-Petroleum & Petroleum Products (No Bulk Stations)
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2021

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