CBL International Limited (Nasdaq: BANL), a number one marine gasoline logistics firm within the Asia-Pacific area, introduced its unaudited monetary outcomes for the primary half of 2026, reporting a big improve in income and a return to profitability. The firm additionally declared a particular money dividend of $0.10 per share.
For the six months ended June 30, 2026, CBL reported income of $395.59 million, a 49.2% year-on-year improve, primarily pushed by increased marine gasoline costs because of geopolitical volatility and a ten.9% development in gross sales quantity. The firm’s gross revenue surged 140.5% to $6.53 million, with the gross revenue margin increasing by 63 foundation factors to 1.65%.
CBL returned to profitability with a web revenue of roughly $1.50 million, in comparison with a web lack of $992,000 in the identical interval final 12 months. This enchancment was attributed to increased gross sales volumes, improved gross revenue margins, disciplined working bills, and enhanced operational effectivity.
The firm’s world service community expanded to over 70 ports throughout Asia Pacific, Europe, Australia, Africa, and Central America. This enlargement strengthens CBL’s place as a worldwide marine gasoline logistics platform. In April 2026, CBL acquired a 50.5% majority stake in Green Marine Energy Holdings Limited, enhancing its capabilities in sustainable feedstock distribution and bodily bunkering in Malaysia.
Subsequent to the reporting interval, CBL performed a 1-for-13 reverse share break up to regain compliance with Nasdaq’s minimal bid worth requirement, which was efficiently achieved by August 3, 2026. The particular money dividend of $0.10 per share will likely be distributed on September 18, 2026, to shareholders of file as of August 28, 2026.
Chairman and CEO Dr. Teck Lim Chia highlighted the corporate’s strategic achievements, noting the resilience of CBL’s enterprise mannequin amid geopolitical disruptions and market volatility. He emphasised the significance of the acquisition of Green Marine in positioning CBL upstream within the sustainable gasoline worth chain.
Looking forward, CBL plans to additional combine Green Marine’s capabilities, scale biofuel choices, and discover LNG and methanol options to assist decarbonization targets. The firm stays targeted on disciplined value administration, operational effectivity, and leveraging expanded banking amenities to assist development initiatives and potential shareholder returns.
CBL stays vigilant concerning geopolitical dangers, oil worth volatility, and regulatory adjustments, whereas sustaining a cautiously optimistic outlook for the rest of 2026 and past.