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CBL International Ltd
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Last updated Oct 16, 2026.
Overview
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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.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| 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
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| 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 - basic | 27.5M shares | 27.5M shares | 25.0M shares |
| Weighted average number of ordinary shares outstanding - diluted | 27.5M shares | 27.5M shares | 25.0M shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2025-05-31 | 2024-12-31 |
|---|---|---|---|
| Cash | $12.5M | $8.0M | |
| Accounts receivable | $39.0M | $36.7M | |
| Derivative assets | $295.0K | ||
| Prepayments and other current assets | $23.4M | $23.1M | |
| Tax recoverable | $262.1K | $258.9K | |
| Total current assets | $75.1M | $68.3M | |
| Property, plant and equipment, net | $400.5K | $783.5K | |
| Right-of-use assets, net | $187.1K | $168.4K | |
| Total non-current assets | $587.6K | $951.9K | |
| Total assets | $75.7M | $69.3M | |
| Accounts payable | $52.7M | $42.0M | |
| Accrued expenses and other current liabilities | $985.9K | $3.0M | |
| Short-term lease liabilities | $125.2K | $159.0K | |
| Bank borrowing | $1.9M | $1.4M | |
| Derivative Liabilities | $60.7K | ||
| Total current liabilities | $55.8M | $46.5M | |
| Long-term lease liabilities | $70.5K | $35.4K | |
| Total liabilities | $55.8M | $46.5M | |
| Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 27,500,327 and 27,500,000 shares issued and outstanding as of December 31, 2025, and December 31, 2024 respectively | $2.8K | $2.8K | |
| Additional paid-in capital | $13.8M | $13.9M | |
| Treasury stock | -$5 | ||
| Retained earnings | $6.1M | $9.0M | |
| Total stockholders equity | $19.9M | $22.9M | |
| Non-controlling interests in subsidiaries | -$141.9K | ||
| Total liabilities and equity | $75.7M | $69.3M | |
| Ordinary shares, par value | $0.00 | $0.00 | $0.00 |
| Ordinary shares, shares authorized | 500.0M shares | 500.0M shares | |
| Ordinary shares, shares issued | 27.5M shares | 27.5M shares | |
| Ordinary shares, shares outstanding | 27.5M shares | 27.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net(Loss)/Income | -$3.0M | -$3.9M | $1.1M |
| Depreciation and amortization | $384.5K | $357.5K | $170.8K |
| Depreciation of right-of-use assets | $162.4K | $170.1K | $142.9K |
| Write off of property, plant and equipment | $1.1K | $613 | |
| Change in fair value of derivative | $355.7K | -$266.2K | -$138.1K |
| Accounts receivable | -$2.3M | -$11.6M | -$6.7M |
| Prepayments and other current assets | -$264.5K | -$3.8M | -$19.0M |
| Accounts payable | $10.7M | $14.6M | $14.8M |
| Accrued expenses and other liabilities | -$1.8M | $2.6M | $218.1K |
| Lease liabilities | -$179.7K | -$177.8K | -$120.8K |
| Taxes payable | -$3.2K | -$6.7K | -$496.3K |
| Net cash provided by (used in) operating activities | $4.0M | -$1.9M | -$10.0M |
| Purchase of property, plant and equipment | -$2.6K | -$144.4K | -$773.9K |
| Net cash used in investing activity | -$2.6K | -$144.4K | -$773.9K |
| Proceed from issuance of shares net of share offering costs | -$42 | $1.3M | $13.2M |
| Share repurchased | -$49.4K | ||
| Advance drawn down from bank | $532.5K | $1.4M | |
| Net cash provided by financing activities | $483.0K | $2.7M | $13.2M |
| Net increase in cash and restricted cash | $4.5M | $618.0K | $2.4M |
| Interest | $787.4K | $591.9K | $302.5K |
| Income taxes | $5.2K | $28.1K | $794.9K |
| Operating lease right-of-use asset and lease liabilities | $375.4K | $372.1K | $496.2K |
Recent filings
- Oct 14, 2026SCHEDULE 13G/A
- Sep 4, 2026144
- Aug 28, 20266-K
- Aug 28, 2026424B5
- Aug 18, 20266-K
- Aug 4, 20266-K
- Jul 17, 2026SCHEDULE 13G/A
- Jul 16, 20266-K
- May 1, 2026144
- Apr 28, 20266-K
- Apr 22, 20266-K
- Apr 17, 202620-F
- Apr 17, 20266-K
- Mar 31, 20266-K
- Mar 18, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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