CBL International Reports 1H 2025 Revenue of $265.17M, Narrows Net Loss by 38.8%
CBL International Ltd. $(BANL)$, a leading marine fuel logistics company in the Asia-Pacific region, reported its unaudited financial results for the first half of 2025. The company achieved a revenue of $265.17 million, demonstrating resilience in a volatile macroeconomic environment. Sales volume increased by 9.8%, driven by network expansion, new customer acquisitions, and growth in the non-container liner and biofuel segments. The company reported a net loss of $992,000, a significant improvement of 38.8% compared to the net loss of $1.62 million in the same period of 2024. This reduction in net loss was primarily attributed to disciplined cost management and operational efficiency initiatives that reduced operating expenses by 17% to $3.42 million. CBL's global network expanded to 65 ports, reinforcing its position as a global marine fuel logistics platform. Biofuel sales surged by 154.7%, supported by the adoption of sustainable marine fuels and the successful rollout of the B24 biofuel blend in China, Hong Kong, and Malaysia, with a subsequent launch in Singapore. The company's cash balance stood at $5.43 million with $50 million in committed banking facilities, providing strong financial flexibility for growth initiatives.
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