NASDAQ : BANL
CBL International Limited — Financial statements
Energy · Oil & Gas Midstream · Malaysia
Last price 3.9 USD (Oct 30, 2026, 3:08 PM EDT) · Market cap 9.75M
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Financial statements
CBL International Limited (BANL) reported revenue of 668.90M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 668.90M | 538.49M | 592.52M | 435.90M | 462.91M | 326.54M |
| Cost of Revenue | 660.62M | 534.02M | 587.14M | 428.69M | 453.78M | 318.95M |
| Gross Profit | 8.29M | 4.47M | 5.37M | 7.21M | 9.13M | 7.59M |
| Selling, General & Admin | 6.98M | 6.91M | 8.70M | 5.55M | 4.36M | 3.36M |
| Operating Expenses | 6.98M | 6.91M | 8.70M | 5.55M | 4.36M | 3.36M |
| Operating Income | 1.31M | -2.43M | -3.33M | 1.66M | 4.76M | 4.23M |
| Interest Expense | -1.28M | -787.38K | -591.86K | -302.49K | -261.70K | -3.43K |
| Interest & Investment Income | 84.43K | 42.94K | 21.17K | 70.85K | 1.71K | 70.00 |
| Currency Exchange Gain (Loss) | -46.37K | -33.33K | -4.09K | 1.67K | 45.77K | -2.35K |
| Other Non Operating Income (Expenses) | 222.33K | 222.24K | 1.48K | |||
| EBT Excluding Unusual Items | 288.91K | -2.99M | -3.90M | 1.43M | 4.55M | 4.23M |
| Asset Writedown | -1.10K | -1.10K | -613.00 | -48.40K | ||
| Other Unusual Items | 1.75K | |||||
| Pretax Income | 287.81K | -2.99M | -3.90M | 1.43M | 4.50M | 4.23M |
| Income Tax Expense | 784.78K | -394.00 | -29.48K | 298.61K | 814.47K | 656.32K |
| Earnings From Continuing Operations | -496.97K | -2.99M | -3.87M | 1.13M | 3.69M | 3.57M |
| Minority Interest in Earnings | 6.34K | 19.05K | 135.41K | 6.58K | ||
| Net Income | -490.63K | -2.97M | -3.74M | 1.14M | 3.69M | 3.57M |
| Net Income to Common | -490.63K | -2.97M | -3.74M | 1.14M | 3.69M | 3.57M |
| Shares Outstanding (Basic) | 2.12M | 2.12M | 2.12M | 1.92M | 1.63M | 1.63M |
| Shares Outstanding (Diluted) | 2.12M | 2.12M | 2.12M | 1.92M | 1.63M | 1.63M |
| EPS (Basic) | -0.23 | -1.40 | -1.77 | 0.59 | 2.25 | 2.18 |
| EPS (Diluted) | -0.23 | -1.40 | -1.77 | 0.59 | 2.25 | 2.18 |
| Free Cash Flow | 6.46M | 3.99M | -2.09M | -10.81M | 3.13M | -2.53M |
| Free Cash Flow Per Share | 3.05 | 1.89 | -0.99 | -5.62 | 1.91 | -1.54 |
| Gross Margin | 1.24% | 0.83% | 0.91% | 1.65% | 1.97% | 2.33% |
| Operating Margin | 0.20% | -0.45% | -0.56% | 0.38% | 1.03% | 1.30% |
| Profit Margin | -0.07% | -0.55% | -0.63% | 0.26% | 0.80% | 1.09% |
| Free Cash Flow Margin | 0.97% | 0.74% | -0.35% | -2.48% | 0.68% | -0.77% |
| EBITDA | 1.46M | -2.25M | -3.14M | 1.83M | 4.84M | 4.28M |
| EBITDA Margin | 0.22% | -0.42% | -0.53% | 0.42% | 1.04% | 1.31% |
| D&A For EBITDA | 151.46K | 181.50K | 188.48K | 170.83K | 75.17K | 46.46K |
| EBIT | 1.31M | -2.43M | -3.33M | 1.66M | 4.76M | 4.23M |
| EBIT Margin | 0.20% | -0.45% | -0.56% | 0.38% | 1.03% | 1.30% |
| Effective Tax Rate | 272.67% | 20.86% | 18.10% | 15.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.12M | 12.50M | 8.02M | 7.40M | 5.03M | 3.04M |
| Short-Term Investments | 19.37M | 17.63M | 86.10K | 38.55K | ||
| Cash & Short-Term Investments | 30.49M | 12.50M | 8.02M | 25.03M | 5.12M | 3.07M |
| Accounts Receivable | 45.43M | 39.02M | 36.68M | 25.13M | 18.45M | 18.04M |
| Other Receivables | 262.06K | 258.87K | 252.21K | 1.51M | ||
| Receivables | 45.43M | 39.28M | 36.94M | 25.38M | 18.45M | 19.55M |
| Inventory | 96.76K | 3.80M | ||||
| Prepaid Expenses | 3.58M | 3.21M | 1.79M | 1.69M | 167.68K | |
| Other Current Assets | 20.14M | 21.59M | 28.78K | 291.86K | ||
| Total Current Assets | 79.60M | 75.13M | 68.34M | 52.13M | 23.73M | 26.71M |
| Property, Plant & Equipment | 320.07K | 347.75K | 511.09K | 1.33M | 735.72K | 277.65K |
| Other Intangible Assets | 141.86K | 239.83K | 440.81K | |||
| Long-Term Deferred Charges | 1.13M | |||||
| Total Assets | 84.84M | 75.71M | 69.29M | 53.46M | 25.60M | 26.99M |
| Accounts Payable | 56.03M | 52.69M | 42.01M | 27.45M | 12.65M | 18.30M |
| Accrued Expenses | 4.63M | 985.95K | 2.96M | 343.81K | 125.70K | 47.46K |
| Short-Term Debt | 24.38K | 1.89M | 1.36M | |||
| Current Portion of Leases | 96.23K | 125.24K | 158.99K | 177.76K | 124.09K | 72.73K |
| Current Income Taxes Payable | 524.11K | 244.10K | 98.42K | |||
| Other Current Liabilities | 2.19M | 60.70K | 109.35K | |||
| Total Current Liabilities | 63.49M | 55.76M | 46.49M | 27.97M | 13.26M | 18.52M |
| Long-Term Leases | 24.67K | 70.54K | 35.36K | 194.37K | 229.08K | 49.66K |
| Total Liabilities | 63.58M | 55.83M | 46.53M | 28.17M | 13.48M | 18.57M |
| Common Stock | 2.75K | 2.75K | 2.75K | 2.50K | 2.12K | 2.12K |
| Additional Paid-In Capital | 13.71M | 13.83M | 13.88M | 12.54M | 488.20K | 488.20K |
| Retained Earnings | 7.56M | 6.05M | 9.03M | 12.76M | 11.62M | 7.94M |
| Treasury Stock | -21.00 | -5.00 | ||||
| Total Common Equity | 21.28M | 19.89M | 22.91M | 25.30M | 12.11M | 8.43M |
| Minority Interest | -12.64K | -141.94K | -6.53K | |||
| Shareholders' Equity | 21.27M | 19.89M | 22.77M | 25.29M | 12.11M | 8.43M |
| Total Liabilities & Equity | 84.84M | 75.71M | 69.29M | 53.46M | 25.60M | 26.99M |
| Total Debt | 207.68K | 2.09M | 1.55M | 372.13K | 353.17K | 122.39K |
| Net Cash (Debt) | 30.28M | 10.41M | 6.47M | 24.66M | 4.77M | 2.95M |
| Net Cash Per Share | 14.32 | 4.92 | 3.06 | 12.82 | 2.92 | 1.81 |
| Filing Date Shares Outstanding | 2.12M | 2.12M | 2.12M | 1.92M | 1.63M | 37.72K |
| Total Common Shares Outstanding | 2.12M | 2.12M | 2.12M | 1.92M | 1.63M | 37.72K |
| Working Capital | 16.11M | 19.37M | 21.85M | 24.15M | 10.48M | 8.20M |
| Book Value Per Share | 10.06 | 9.40 | 10.83 | 13.16 | 7.41 | 223.43 |
| Tangible Book Value | 16.36M | 19.65M | 22.47M | 25.30M | 12.11M | 8.43M |
| Tangible Book Value Per Share | 7.73 | 9.29 | 10.62 | 13.16 | 7.41 | 223.43 |
| Machinery | 896.67K | 790.75K | 791.55K | 768.38K | 461.80K | 169.57K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -490.63K | -2.97M | -3.74M | 1.14M | 3.69M | 3.57M |
| Depreciation & Amortization | 399.41K | 343.93K | 358.54K | 313.71K | 170.04K | 169.21K |
| Other Amortization | 97.97K | 203.00K | 169.00K | 13.00K | 13.00K | |
| Asset Writedown & Restructuring Costs | 1.10K | 1.10K | 613.00 | 48.40K | ||
| Other Operating Activities | 2.40M | 336.62K | -401.60K | -144.70K | 107.60K | -291.86K |
| Change in Accounts Receivable | -12.99M | -2.34M | -11.55M | -6.68M | -402.94K | -1.33M |
| Change in Accounts Payable | 16.73M | 10.68M | 14.55M | 14.78M | -5.64M | 228.65K |
| Change in Income Taxes | 787.09K | -3.19K | -6.66K | -496.31K | 145.68K | -27.03K |
| Change in Other Net Operating Assets | -280.76K | -2.26M | -1.33M | -18.95M | 5.38M | -4.83M |
| Operating Cash Flow | 6.56M | 4.00M | -1.94M | -10.03M | 3.50M | -2.51M |
| Capital Expenditures | -105.31K | -2.64K | -144.45K | -773.86K | -373.11K | -19.15K |
| Investing Cash Flow | -833.41K | -2.64K | -144.45K | -773.86K | -373.11K | -19.15K |
| Short-Term Debt Issued | 532.45K | 1.36M | ||||
| Total Debt Issued | 532.45K | 532.45K | 1.36M | |||
| Total Debt Repaid | -445.67K | |||||
| Net Debt Issued (Repaid) | 86.79K | 532.45K | 1.36M | |||
| Issuance of Common Stock | 1.34M | 13.18M | ||||
| Repurchase of Common Stock | -118.74K | -49.38K | ||||
| Other Financing Activities | -1.00 | -42.00 | -1.13M | |||
| Financing Cash Flow | -31.95K | 483.03K | 2.71M | 13.18M | -1.13M | |
| Net Cash Flow | 5.70M | 4.48M | 617.98K | 2.37M | 2.00M | -2.53M |
| Free Cash Flow | 6.46M | 3.99M | -2.09M | -10.81M | 3.13M | -2.53M |
| Free Cash Flow Margin | 0.97% | 0.74% | -0.35% | -2.48% | 0.68% | -0.77% |
| Free Cash Flow Per Share | 3.05 | 1.89 | -0.99 | -5.62 | 1.91 | -1.54 |
| Levered Free Cash Flow | 30.56M | 4.99M | -18.12M | 6.58M | 2.34M | -3.37M |
| Unlevered Free Cash Flow | 31.36M | 5.48M | -17.75M | 6.76M | 2.50M | -3.37M |
| Cash Interest Paid | 1.28M | 787.38K | 591.86K | 302.49K | 261.70K | 7.99K |
| Cash Income Tax Paid | 119.00 | 5.22K | 28.06K | 794.91K | 688.79K | 683.35K |
| Change in Working Capital | 4.15M | 6.08M | 1.67M | -11.34M | -524.90K | -5.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.57M | 12.24M | 27.77M | 36.75M | ||
| Enterprise Value | -22.71M | 6.91M | 643.36K | 26.54M | ||
| Last Close Price | 3.26 | 5.74 | 13.03 | 18.97 | ||
| PE Ratio | 32.26 | |||||
| PS Ratio | 0.01 | 0.02 | 0.05 | 0.08 | ||
| PB Ratio | 0.32 | 0.61 | 1.22 | 1.45 | ||
| P/TBV Ratio | 0.50 | 0.62 | 1.24 | 1.45 | ||
| P/FCF Ratio | 1.26 | 3.06 | ||||
| P/OCF Ratio | 1.24 | 3.06 | ||||
| EV/Sales Ratio | 0.01 | 0.00 | 0.06 | |||
| EV/EBITDA Ratio | 14.48 | |||||
| EV/EBIT Ratio | 15.97 | |||||
| EV/FCF Ratio | 1.73 | |||||
| Debt / Equity Ratio | 0.01 | 0.10 | 0.07 | 0.01 | 0.03 | 0.01 |
| Debt / EBITDA Ratio | 0.13 | 0.20 | 0.07 | 0.03 | ||
| Debt / FCF Ratio | 0.03 | 0.52 | 0.11 | |||
| Net Debt / Equity Ratio | -1.42 | -0.52 | -0.28 | -0.97 | -0.39 | -0.35 |
| Net Debt / EBITDA Ratio | -20.75 | 4.62 | 2.06 | -13.46 | -0.99 | -0.69 |
| Net Debt / FCF Ratio | -4.69 | -2.61 | 3.10 | 2.28 | -1.52 | 1.17 |
| Asset Turnover | 9.14 | 7.43 | 9.65 | 11.03 | 17.60 | 12.92 |
| Quick Ratio | 1.20 | 0.93 | 0.97 | 1.80 | 1.78 | 1.22 |
| Current Ratio | 1.25 | 1.35 | 1.47 | 1.86 | 1.79 | 1.44 |
| Return on Equity (ROE) | -2.30% | -14.02% | -16.11% | 6.06% | 35.88% | 53.73% |
| Return on Assets (ROA) | 1.12% | -2.10% | -3.39% | 2.63% | 11.31% | 10.46% |
| Return on Invested Capital (ROIC) | -18.88% | -20.41% | 60.81% | 65.27% | ||
| Return on Capital Employed (ROCE) | 6.10% | -12.20% | -14.60% | 6.50% | 38.60% | 49.90% |
| Earnings Yield | -7.65% | -24.27% | -13.45% | 3.10% | ||
| FCF Yield | 79.32% | 32.63% | -7.52% | -29.41% | ||
| Buyback Yield / Dilution | 4.35% | -0.00% | -10.00% | -17.65% | -4,233.90% |