Sign in

BANL on Nasdaq

CBL International Ltd

CBL International Ltd is a wholesale-petroleum and petroleum products company, listed on Nasdaq (BANL).1

Price unavailable

Last updated Oct 21, 2026.

Overview

$538.5MRevenue, fiscal 20252
-$3.0MNet income, fiscal 20252

Compare with TMD Energy Ltd, Delixy Holdings Ltd or Uni-Fuels Holdings Ltd, or pick any stock.

  • TickerBANL on Nasdaq1
  • IndustryWholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressLevel 23-2, Menara Permata Sapura, Kuala Lumpur City Centre 50088, Kuala Lumpur, N8 00003
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

As a matter of fact, these two incidents have not brought any material impact to our business activities.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.8%Gross margin2
-0.5%Operating margin2
-0.6%Net margin2
-9.1%Revenue growth, 20252
-15.0%Return on equity2
$4.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China brought in 70% of the revenue CBL International Ltd broke down this way in fiscal 2025.

  1. China$378.7M270%up 13% from 2024
  2. HKMember$139.4M226%down 22% from 2024
  3. MYMember$8.7M22%down 85% from 2024
  4. SGMember$7.3M21%down 50% from 2024
  5. Other$3.7M21%up 46% from 2024
  6. South Korea$683.5K20%down 83% from 2024
Regions by year
Regions202320242025
China$242.7M$333.7M$378.7M
HKMember$137.2M$179.5M$139.4M
MYMember$46.7M$58.2M$8.7M
SGMember$7.2M$14.6M$7.3M
Other$652.6K$2.6M$3.7M
South Korea$1.4M$3.9M$683.5K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue99¢$534.0M
  • Other costs1¢$3.7M
  • Interest0¢$744.4K
  • Income tax0¢$394

Out of $538.5M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$2.6K
  • Kept or used elsewhere100¢$4.0M

Out of $4.0M of cash from operations.2

Financial statements

Revenue562$538.5M in 2025+65% since 2021
0$200.0M$400.0M$600.0M2021: $326.5M$326.5M20212022: $462.9M$462.9M2022+42%2023: $435.9M$435.9M2023−6%2024: $592.5M$592.5M2024+36%2025: $538.5M$538.5M2025−9%
Gross profit562$4.5M in 2025−41% since 2021
0$2.5M$5.0M$7.5M$10.0M2021: $7.6M$7.6M20212022: $9.1M$9.1M2022+20%2023: $7.2M$7.2M2023−21%2024: $5.4M$5.4M2024−25%2025: $4.5M$4.5M2025−17%
Operating income562-$2.4M in 2025
-$5.0M-$2.5M0$2.5M$5.0M2021: $4.2M$4.2M20212022: $4.8M$4.8M2022+13%2023: $1.7M$1.7M2023−65%2024: -$3.3M-$3.3M20242025: -$2.4M-$2.4M2025−27%
Net income562-$3.0M in 2025
-$4.0M-$2.0M0$2.0M$4.0M2021: $3.6M$3.6M20212022: $3.7M$3.7M2022+3%2023: $1.1M$1.1M2023−69%2024: -$3.9M-$3.9M20242025: -$3.0M-$3.0M2025−23%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$538.5M$592.5M$435.9M
Cost of revenue$534.0M$587.1M$428.7M
Gross profit$4.5M$5.4M$7.2M
Selling and distribution$1.6M$2.7M$1.2M
General and administrative$5.3M$6.0M$4.3M
Total operating costs and expenses$6.9M$8.7M$5.5M
(Loss)/Income from operations-$2.4M-$3.3M$1.7M
Interest expense, net$744.4K$570.7K$231.6K
Currency exchange loss/(gain)$33.3K$4.1K-$1.7K
Write off of property, plant and equipment$1.1K$613
Other income, net-$222.2K-$1.5K
Total other expenses$556.6K$573.3K$230.6K
(Loss)/Income before provision for income taxes-$3.0M-$3.9M$1.4M
Write-back for income taxes-$394-$29.5K$298.6K
Net (Loss)/ Income-$3.0M-$3.9M$1.1M
Comprehensive loss-$3.0M-$3.9M$1.1M
Equity holders of the Company-$3.0M-$3.7M$1.1M
Non-controlling interests-$19.0K-$135.4K-$6.6K
Net (loss) /income attributable to parent-$3.0M-$3.9M$1.1M
Basic earnings per ordinary share-$0.11-$0.14$0.04
Diluted earnings per ordinary share-$0.11-$0.14$0.04
Weighted average number of ordinary shares outstanding - basic27.5M shares27.5M shares25.0M shares
Weighted average number of ordinary shares outstanding - diluted27.5M shares27.5M shares25.0M shares

Compare CBL International Ltd with another company

Corporate structure

CBL International Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CBL International Ltd

  • Straits Energy Resources Berhad Filed SCHEDULE 13G/A on CBL International Ltd, latest Oct 14, 2026 (4 filings since Feb 7, 2024)
  • Asian Strategy Ltd Filed SCHEDULE 13G/A on CBL International Ltd, latest Feb 9, 2026 (3 filings since Oct 24, 2024)
  • Teck Lim Chia Filed SCHEDULE 13G/A on CBL International Ltd, latest Feb 9, 2026 (2 filings since Feb 8, 2024)
  • CBL International Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CBL International Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$400.5K2 Dec 31, 2025$783.5K2 Dec 31, 2024−48.9%
Operating-lease assets (leased space)$187.1K2 Dec 31, 2025$168.4K2 Dec 31, 2024+11.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.3M2 Dec 31, 2025$8.0M2 Dec 31, 2024+16.3%
Deposits held (banks)$17.5M7 Dec 31, 2024$17.5M6 Dec 31, 20230%

Leadership

Who has led CBL International Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Teck Lim Chia2023

Chief financial officer

  1. Sing Chung Raymond Chiu2023
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerHui Lothar Zhao named Aug 22, 202417
  • Executive OfficerKa Yeung Lothar Cheung named Aug 22, 202417
  • Executive OfficerRaymond Sing Chung Lothar Chiu named Aug 22, 202417
  • Executive OfficerRita Ka Bik Lothar Lyew named Aug 22, 202417

Timeline

  1. Mar 22, 2023New chief executive Teck Lim Chia becomes CEO8

Filings

126 filings to the SEC since October 2021: 4 annual reports, 13 insider forms, 9 large holders, 1 private raises, 99 other. The latest 20:

  1. Oct 14, 2026SCHEDULE 13G/A EDGAR
  2. Sep 4, 2026144 EDGAR
  3. Aug 28, 2026424B5 EDGAR
  4. Aug 28, 20266-K EDGAR
  5. Aug 18, 20266-K EDGAR
  6. Aug 4, 20266-K EDGAR
  7. Jul 17, 2026SCHEDULE 13G/A EDGAR
  8. Jul 16, 20266-K EDGAR
  9. May 1, 2026144 EDGAR
  10. Apr 28, 20266-K EDGAR
  11. Apr 22, 20266-K EDGAR
  12. Apr 17, 20266-K EDGAR
  13. Apr 17, 202620-F EDGAR
  14. Mar 31, 20266-K EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 5, 20266-K EDGAR
  18. Feb 11, 20266-K EDGAR
  19. Feb 9, 2026SCHEDULE 13G/A EDGAR
  20. Feb 9, 2026SCHEDULE 13G/A EDGAR

The 126 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.4M 2024–2024
Money received by yearMoney received by year, 2024–2024: $1.4M in all. Private raises (Form D) $1.4M.$0$500K$1M$1.5M2024 · Private raises (Form D): $1.4M2024
Figures by year
YearPrivate raises (Form D)Total
2024$1.4M$1.4M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 22, 2024Raised $1.4 million in a private offering of equity17 Form D: 1 investor so far Form D

SEC filer profile

How CBL International Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCBL International Ltd1
  • CIK0001914805
  • Filer statusNon-accelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressLevel 23-2, Menara Permata Sapura, Kuala Lumpur City Centre 50088, Kuala Lumpur, N8 00001
  • Phone603 2706 82801
  • Shares outstanding13,175,000 Common Class A shares; 14,325,327 Common Class B shares as of Dec 31, 20254
  • AuditorMRI Moores Rowland LLP, Singapore PCAOB ID 6955; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 31, 20221
  • Filings126 in all: 6-K (50), 3 (13), F-1/A (9), UPLOAD (9), CORRESP (8), SCHEDULE 13G/A (6), 20-F (4), 144 (3)1
    All 21 form types

    DRS/A (3), DRSLTR (3), EFFECT (3), SC 13G (3), 424B3 (2), 424B5 (2), F-3 (2), 424B4 (1), 8-A12B (1), CERT (1), D (1), DRS (1), F-1 (1)

  • Latest filingsAnnual report (20-F) Apr 17, 2026

Securities registered for trading

ClassSymbolExchange
Class B Ordinary Shares, par value $0.0001 per shareBANLThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 17, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20