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PTLE on Nasdaq

PTL Ltd

PTL Ltd is a wholesale-petroleum and petroleum products company, listed on Nasdaq (PTLE).1 It is headquartered in Hong Kong, Hong Kong.1

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Last updated Oct 21, 2026.

Overview

$71.6MRevenue, fiscal 20252
-$1.2MNet income, fiscal 20252

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  • TickerPTLE on Nasdaq1
  • IndustryWholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • HeadquartersHong Kong, Hong Kong1
  • Business addressRoom 1112, 11/F, Cc Wu Building, 302-8 Hennessy Road, Wan Chai, Hong Kong, K3 000003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Virgin Islands legal perspective, the Share Split does not have any retroactive effect on our shares prior to the effective date.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

1.3%Gross margin2
-0.6%Operating margin2
-1.6%Net margin2
-27.0%Revenue growth, 20252
-13.3%Return on equity2

What sells

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

Regions

HKMember brought in 95% of the revenue PTL Ltd broke down this way in fiscal 2025.

  1. HKMember$68.0M295%down 29% from 2024
  2. SGMember$3.5M25%up 20% from 2024
  3. China$109.6K20%
Regions by year
Regions202320242025
HKMember$95.2M$95.2M$68.0M
SGMember$1.7M$2.9M$3.5M
China$672.0K$109.6K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue96¢$70.7M
  • Selling, general and admin4¢$2.8M

Out of $71.6M in revenue.2 The company lost money this year.

Financial statements

Revenue52$71.6M in 2025−4% since 2022
0$50.0M$100.0M$150.0M2022: $74.8M$74.8M20222023: $102.1M$102.1M2023+36%2024: $98.1M$98.1M2024−4%2025: $71.6M$71.6M2025−27%
Gross profit52$908.0K in 2025−18% since 2022
0$1.0M$2.0M$3.0M2022: $1.1M$1.1M20222023: $1.9M$1.9M2023+72%2024: $2.4M$2.4M2024+26%2025: $908.0K$908.0K2025−62%
Operating income52-$443.2K in 2025
-$6.0M-$4.0M-$2.0M0$2.0M2022: $367.1K$367.1K20222023: $1.1M$1.1M2023+196%2024: -$4.8M-$4.8M20242025: -$443.2K-$443.2K2025−91%
Net income52-$1.2M in 2025
-$6.0M-$4.0M-$2.0M0$2.0M2022: $391.1K$391.1K20222023: $936.1K$936.1K2023+139%2024: -$5.0M-$5.0M20242025: -$1.2M-$1.2M2025−76%

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$71.6M$98.1M$102.1M
Cost of revenue-$70.7M-$95.7M-$100.2M
Gross profit$908.0K$2.4M$1.9M
Selling, general and administrative expenses-$2.8M-$1.4M-$828.3K
Reversal of (provision for) expected credit loss$1.4M-$5.7M
(Loss) profit from operations-$443.2K-$4.8M$1.1M
Interest (expense) income, net-$729.9K$8.7K$1.2K
Other income$622$1.3K$9.8K
Currency exchange loss-$7.8K-$4.8K-$3.2K
Total other (expense) income, net-$737.1K$5.2K$7.8K
(Loss) income before provision for income taxes-$1.2M-$4.7M$1.1M
Income tax expense-$227.1K-$159.3K
Net (loss) income and total comprehensive (loss) income-$1.2M-$5.0M$936.1K
(Loss) earnings per share basic (in Dollars per share)-$0.04-$0.43$0.08
(Loss) earnings per share diluted (in Dollars per share)-$0.04-$0.43$0.08
Weighted average shares outstanding basic (in Shares)33.7M shares11.5M shares11.2M shares
Weighted average shares outstanding diluted (in Shares)33.7M shares11.5M shares11.2M shares

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Corporate structure

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

Major holders of PTL Ltd

  • PTL Ltd Hong Kong, Hong Kong

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

What it owns

What PTL 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
Operating-lease assets (leased space)$7332 Dec 31, 2025$36.9K2 Dec 31, 2024−98.0%

Investments

ItemLatestA year beforeChange
Deposits held (banks)$1.1M2 Dec 31, 2025$4.8M2 Dec 31, 2024−77.3%

Leadership

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

Chief executive

  1. Ying Ying Chow2026–now

Chief financial officer

  1. Yuen Tung Leung2026–now
Board members and other officers (5)

Timeline

  1. Mar 26, 2026New chief executive Ying Ying Chow becomes CEO6

Filings

66 filings to the SEC since October 2021: 2 annual reports, 5 insider forms, 1 large holders, 58 other. The latest 20:

  1. Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Aug 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Apr 30, 202620-F ANNUAL REPORT EDGAR
  4. Mar 26, 20263 EDGAR
  5. Mar 26, 20263 EDGAR
  6. Mar 26, 20263 EDGAR
  7. Mar 26, 20263 EDGAR
  8. Mar 26, 20263 EDGAR
  9. Mar 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Feb 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Feb 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Feb 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Feb 5, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  14. Jan 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. Jan 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jan 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jan 6, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  18. Dec 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. Dec 9, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Dec 9, 2025424B5 PROSPECTUS SUPPLEMENT EDGAR

The 66 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.

SEC filer profile

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

  • Name on EDGARPTL Ltd1
  • CIK0002016337
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Industry code (SIC)5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRoom 1112, 11/F, Cc Wu Building, 302-8 Hennessy Road, Wan Chai, Hong Kong, K3 000001
  • Phone00852 235933881
  • Shares outstanding86,237,500 Common Class A shares; 11,250,000 Common Class B shares as of Dec 31, 20254
  • AuditorFundCertify CPA Professional Corporation, Cary, North Carolina PCAOB ID 7189; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 29, 20241
  • Filings66 in all: 6-K (24), 3 (5), CORRESP (5), F-1/A (4), UPLOAD (4), 424B5 (3), 20-F (2), 424B4 (2)1
    All 20 form types

    DRS (2), DRS/A (2), DRSLTR (2), EFFECT (2), F-1 (2), 8-A12B (1), CERT (1), F-3 (1), FWP (1), NT 20-F (1), S-8 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, no par valuePTLEThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 30, 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.

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