Core Viewpoint - CBL International Limited has announced a share repurchase program, reflecting the Board's confidence in the company's long-term potential and commitment to delivering value to shareholders [1][3]. Financial Performance - For FY2024, CBL reported consolidated revenue of $592.52 million, a 35.9% increase from $435.90 million in 2023, driven by a 38.1% increase in sales volume [3]. Strategic Focus - The company aims to expand its market presence, particularly in biofuels, and enhance its global supply network while driving operational efficiency and sustainable growth [4]. - CBL's strategic initiatives include the expansion of ports, diversification of its client base, and commitment to sustainable practices to position itself for growth as market conditions improve [5]. Company Overview - CBL International Limited, established in 2015, is a marine fuel logistics company based in the Asia Pacific region, providing vessel refueling solutions across over 60 major ports [6].

Core Viewpoint - CBL International Limited has announced a share repurchase program, reflecting confidence in its long-term potential and commitment to delivering value to shareholders [1][3]. Financial Performance - For FY2024, CBL reported consolidated revenue of $592.52 million, a 35.9% increase from $435.90 million in 2023, driven by a 38.1% increase in sales volume [3]. Strategic Focus - The company aims to expand its market presence, particularly in biofuels, and enhance its global supply network while driving operational efficiency and sustainable growth [4]. - CBL's strategic initiatives include the expansion of ports, diversification of its client base, and commitment to sustainable practices to position itself for growth as market conditions improve [5]. Company Overview - CBL International Limited, established in 2015, is a marine fuel logistics company based in the Asia Pacific region, providing vessel refueling solutions across over 60 major ports [6].

Summary of CBL International (BANL) Conference Call Company Overview - CBL International Limited operates as a marine fuel logistics company, facilitating vessel refueling through local suppliers in over 60 major ports globally, covering Asia, Europe, Africa, and Latin America [3][4] - The company focuses on providing one-stop solutions for vessel refueling while adhering to environmental standards [3] Core Business and Fuel Mix - CBL has significantly expanded its biofuel operations, with B24 biofuel sales surging by 628% in the last fiscal year [4][5] - Plans to increase focus on sustainable fuels, including biofuels (B24, B30), methanol, and LNG, aligning with IMO GHG strategies and EU maritime regulations [5][8] - The global green marine fuel market is projected to grow at a CAGR of 50.4% [5][16] Market Expansion and Geographic Focus - CBL is targeting new ports for expansion in 2024, including Mauritius, Panama, and India, enhancing its global reach [10] - The company has a strong presence in the Asia Pacific, holding a 36% market share in Singapore's bunkering market [10] Revenue and Customer Segments - Bulk carriers and oil tankers contributed approximately 45% to CBL's revenue in 2024, up from 32% in 2023, indicating a diversification in customer segments [11][12] - The company is focusing on intra-Asia and Euro-Asia trade routes, which are significant for its business [11] Regulatory Compliance and Sustainability - CBL is adapting to increasing regulatory pressures by expanding its biofuel supply network and exploring alternative fuels [14] - The company aims to maintain profitability while complying with regulations by focusing on higher-margin sustainable fuels [14] Competitive Positioning - CBL differentiates itself through an extensive global supply network, operational reliability, and compliance with environmental standards [18] - The company emphasizes its ability to offer competitive pricing and flexible service solutions [18] Investment Considerations - Key reasons to consider investing in CBL include its leadership in the biofuel market, expansion of its service network from 36 to over 60 ports, and ongoing operational efficiencies through automation and IT investments [19][20] - The company plans to address rising operational costs by improving efficiency and focusing on sustainable fuels [21] Opportunities and Future Outlook - CBL sees significant opportunities in the global shift towards sustainable shipping solutions driven by regulatory changes [22] - By 2030, CBL aims to be a leader in sustainable marine fuel logistics with a diversified portfolio and a strong focus on decarbonization [25]

Company Overview - CBL International Limited, the listing vehicle of Banle Group, is a leading marine fuel logistics company in the Asia-Pacific region [1][7] - The company has officially renamed its Singapore-based subsidiary from Majestic Energy (Singapore) Pte Ltd to Banle International (Singapore) Pte Ltd to support its regional growth strategy [2][5] Market Dynamics - Singapore is the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, reflecting a 6% year-over-year increase compared to 2023 [3] - While conventional fuels dominate the market, there is a steady rise in demand for sustainable fuels such as biofuels, LNG, and methanol [3] - Biofuel sales in Singapore for the first four months of 2025 have already surpassed 50% of the total volume recorded in 2024 [3] Company Performance - CBL's revenue in Singapore increased by 102% year-over-year in 2024 compared to 2023 [4] - The company launched its first biofuel supply services in Singapore in March 2025, marking a significant step in its initiative to offer sustainable fuel alternatives [4] - CBL's biofuel sales volumes surged over 600% year-over-year in 2024, supported by strengthened supplier relationships and reliable supply chains [4] Strategic Commitment - The renaming of the subsidiary underscores CBL's commitment to the Singapore market and its strategic expansion into sustainable fuels [2][5] - CBL aims to support the global maritime industry's transition toward greener energy solutions [5] - The company differentiates itself through agile operations and a customer-centric approach, enabling it to capture new opportunities in both traditional and emerging fuel segments [5][6] Future Outlook - CBL is well-positioned to grow alongside Singapore's vision of becoming a leader in sustainable maritime solutions, supported by a robust regulatory environment and strong government backing [6]

Core Insights - CBL International Limited has officially renamed its Singapore-based subsidiary from Majestic Energy (Singapore) Pte Ltd to Banle International (Singapore) Pte Ltd to enhance its regional growth strategy and commitment to the Singapore market [1][2]. Company Developments - The renaming reflects the Group's strategic expansion into sustainable fuels, aligning with the global maritime industry's transition towards greener energy solutions [2][5]. - CBL's revenue in Singapore increased by 102% year-over-year in 2024 compared to 2023, indicating strong growth in the region [4]. - The company launched its first biofuel supply services in Singapore in March 2025, with subsequent expansions planned for Malaysia, Hong Kong, and various ports in China [4]. Industry Trends - Singapore remains the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, a 6% increase from 2023 [3]. - Demand for sustainable fuels, including biofuels, LNG, and methanol, is rising, with biofuel sales in the first four months of 2025 already surpassing 50% of the total volume recorded in 2024 [3]. - CBL's biofuel sales volumes surged over 600% year-over-year in 2024, supported by strengthened supplier relationships and reliable supply chains [4]. Strategic Positioning - CBL differentiates itself in Singapore's competitive bunkering sector through agile operations and a customer-centric approach, enabling it to capture new opportunities in both traditional and emerging fuel segments [5]. - The company is well-positioned to grow alongside Singapore's vision of becoming a leader in sustainable maritime solutions, supported by a robust regulatory environment and strong government backing [6].

Company Overview - CBL International Limited (NASDAQ: BANL) serves as the listing vehicle for Banle Group, a prominent marine fuel logistics company in the Asia-Pacific region, established in 2015 [3] - The company specializes in providing a one-stop solution for vessel refueling, known as bunkering, and operates through local physical suppliers in over 60 major ports across various countries including Belgium, China, India, Japan, and Singapore [3] - Banle Group is committed to promoting sustainable fuels and has received ISCC EU and ISCC Plus certifications [3] Upcoming Event - The company will present at Noble Capital Markets' Emerging Growth Virtual Equity Conference on June 4, 2025, at 3:30 PM Eastern Standard Time, featuring a fireside chat and Q&A session [1] - Registered investors will have the opportunity to schedule one-on-one meetings with Ms. Venus Zhao, the IR and PR Director [1][5] Post-Event Access - A webcast replay of the presentation will be available for 90 days following the event [2]

Group 1 - CBL International Limited, the listing vehicle of Banle Group, is a leading marine fuel logistic company in the Asia-Pacific region [1] - The company will participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025, with a webcasted fireside chat and one-on-one meetings with investors [1][2] - CBL International Limited was established in 2015 and provides a one-stop solution for vessel refueling, facilitating operations in over 60 major ports globally [4] Group 2 - The company actively promotes the use of sustainable fuels and has received ISCC EU and ISCC Plus certifications [4] - The webcast presentation will be accessible at 12:30 pm Eastern Time on May 29, 2025, and will be available for replay after the event [2] - Management will be available for virtual one-on-one meetings throughout the event, with arrangements possible through Lytham Partners [3]

Financial Data and Key Metrics Changes - Total sales volume grew by 38.1%, while revenue increased by 35.9% to USD 592.5 million, driven by higher demand and operational expansion [18][19] - Cash balance rose by 8.3% to USD 8 million, and operational cash flow surged by 80.6%, reflecting improved efficiency and cash management [18] - Net income fell from USD 1.13 million in 2023 to a loss of USD 3.87 million in 2024, primarily due to reduced gross profit and increased expenses [21][22] Business Line Data and Key Metrics Changes - Gross profit declined by 25.5% from USD 7.21 million to USD 5.37 million, attributed to strategic pricing adjustments and increased operational costs [20] - Operating expenses increased significantly by 56.8% from USD 5.55 million to USD 8.7 million, driven by business expansion and ESG-related expenses [21] - Non-container liner customers increased to 45% of the customer base, while container liner customers decreased to 55% [29] Market Data and Key Metrics Changes - China accounted for 56.3% of total revenue, followed by Hong Kong at 30.3% and Malaysia at 9.8% [22] - Revenue growth was highest in emerging markets, with Europe, Japan, Vietnam, and Thailand seeing a 291% increase [22] - The global green marine fuel market is projected to grow at a CAGR of 50.4%, presenting significant opportunities for the company [40][60] Company Strategy and Development Direction - The company aims to expand its service network, strengthen its presence in Asian and European markets, and explore emerging markets [40] - Focus on biofuel adoption and exploring other sustainable fuels like LNG and methanol to meet evolving sustainability regulations [32][41] - The company is committed to enhancing its ESG initiatives, embedding sustainability into its core business strategy [33][36] Management's Comments on Operating Environment and Future Outlook - Despite geopolitical tensions and disruptions in maritime trade, the company demonstrated resilience with total volumes increasing by 2% [15] - Management expects to optimize unit costs and improve gross margins over time as market conditions stabilize [50] - The company plans to enhance operational efficiency through automation and IT systems to streamline operations [42] Other Important Information - CBL expanded its global service network to over 60 ports across 14 countries, achieving over 70% growth in port coverage since its IPO [26] - The company achieved significant progress in its biofuel supply initiatives, with biofuel sales volume surging over 600% year-over-year [31] - CBL's cash accounts for 12% of current assets, ensuring immediate liquidity for future growth [23] Q&A Session Summary Question: What drives the shift to a loss despite impressive revenue growth in 2024? - The net loss was influenced by reduced gross margin, higher operating costs, ESG-related expenses, and increased interest expenses [46][47] Question: Can you discuss the significant increase in operational expenses in 2024? - The increase was primarily due to business expansion, biofuel operations, and enhanced ESG expenses [45][48] Question: How does the company assess its service network expansion and customer mix? - The service network expanded from 36 ports to over 60, diversifying the customer base to include bulk carriers and tankers [54][56] Question: How do you expect biofuels to develop in 2025? - Biofuel sales surged over 600% in 2024, and the company sees sustainable fuel as a focus point moving forward [60] Question: How does CBL's marketing emphasize its unique value proposition? - CBL's competitive advantage lies in its extensive global supply network, providing one-stop refueling solutions and ensuring service quality [62][63] Question: How does the company view ESG market development? - The rising demand for green fuels is seen as an opportunity, with the company expanding its biofuel supply network and exploring other sustainable fuels [66][67] Question: What are your sales volume and gross profit margin targets for 2025? - The company aims to increase sales volume and recover gross profit margins through network strengthening and sustainable fuel adoption [78][79] Question: What are the uses of proceeds from recent capital market transactions? - Proceeds will support network expansion, biofuel business development, and repayment of indebtedness [82][85] Question: How do you plan to allocate funds to sustain growth momentum? - The company will prioritize network expansion, biofuel development, and operational automation to enhance liquidity and support growth [88][91]

Financial Data and Key Metrics Changes - Total sales volume grew by 38.1%, while revenue increased by 35.9% to USD 592.5 million, driven by higher demand and operational expansion [18][19] - Cash balance rose by 8.3% to USD 8 million, and operational cash flow surged by 80.6%, reflecting improved efficiency and cash management [18] - Net income fell from USD 1.13 million in 2023 to a loss of USD 3.87 million in 2024, primarily due to reduced gross profit and increased expenses [21][22] Business Line Data and Key Metrics Changes - Gross profit declined by 25.5% from USD 7.21 million to USD 5.37 million, influenced by strategic pricing adjustments and increased operational costs [20] - Operating expenses increased significantly by 56.8% from USD 5.55 million to USD 8.7 million, attributed to business expansion and ESG-related expenses [21] - Non-container liner customers increased to 45% of the customer base, while container liner customers decreased to 55% [29] Market Data and Key Metrics Changes - China accounted for 56.3% of total revenue, followed by Hong Kong at 30.3% and Malaysia at 9.8% [22] - Revenue growth was highest in emerging markets, with Europe, Japan, Vietnam, and Thailand seeing a 291% increase [22] - The global green marine fuel market is projected to grow at a CAGR of 50.4%, presenting significant opportunities for the company [40][60] Company Strategy and Development Direction - The company aims to expand its service network, strengthen its presence in Asian and European markets, and explore emerging markets [40] - Focus on biofuel adoption and exploring other sustainable fuels like LNG and methanol to meet evolving sustainability regulations [32][41] - The company is committed to enhancing its ESG initiatives, embedding these principles into its core business strategy [33][36] Management's Comments on Operating Environment and Future Outlook - Despite geopolitical tensions and disruptions in maritime trade, the company demonstrated resilience with total volumes increasing by 2% [15] - Management expects to optimize unit costs and improve gross margins over time as market conditions stabilize [50] - The company plans to enhance operational efficiency through automation and IT systems to streamline operations [42] Other Important Information - CBL expanded its global service network, achieving over 70% growth in port coverage from 36 ports to more than 60 ports across 14 countries [26] - The company achieved significant progress in its biofuel supply initiatives, with biofuel sales volume surging over 600% year-over-year [31][60] - CBL's cash position and financial flexibility are strong, enabling sustainable growth and supporting business expansions [23][24] Q&A Session Summary Question: What drives the shift to a loss despite revenue growth? - The net loss was influenced by reduced gross margin, higher operating costs, ESG-related expenses, and increased interest expenses [46][47] Question: What factors caused the significant increase in operational expenses? - The increase was primarily due to business expansion, biofuel operations, and enhanced ESG expenses [45][48] Question: Can you discuss service network expansion and customer mix? - The service network expanded from 36 ports to over 60 ports, diversifying the customer base to include bulk carriers and tankers [54][56] Question: How do you expect biofuels to develop in 2025? - Biofuel sales surged over 600% in 2024, and the company sees sustainable fuel as a focus point moving forward [59][60] Question: How does CBL's marketing emphasize its unique value proposition? - CBL's competitive advantage lies in its extensive global supply network, providing one-stop refueling solutions and ensuring service quality [62][63] Question: How do you view the ESG market development? - The rising demand for green fuels presents opportunities, and the company is expanding its biofuel supply network while exploring other sustainable fuels [65][66] Question: What are your sales volume and gross profit margin targets for 2025? - The company aims to increase sales volume and recover gross profit margins through network strengthening and sustainable fuel adoption [78][79] Question: What are the uses of proceeds from recent capital market transactions? - Proceeds will support network expansion, biofuel business development, and repayment of indebtedness [82][85] Question: How do you plan to allocate funds to sustain growth momentum? - The company will prioritize network expansion, biofuel development, and operational automation to enhance liquidity and support growth [88][91]

Core Viewpoint - CBL International Limited reported significant revenue growth in 2024 despite facing a net loss, driven by a volume-driven growth strategy and operational expansion in a challenging market environment [2][3][12]. Financial Performance Overview - Consolidated revenue for 2024 was $592.52 million, a 35.9% increase from $435.90 million in 2023, primarily due to a 38.1% rise in sales volume [2]. - The company experienced a net loss of $3.87 million in 2024, down from a net income of $1.13 million in 2023, attributed to a 25.5% decrease in gross profit and a 56.8% increase in operating expenses [3][4]. - Earnings per share (EPS) decreased to $(0.136) in 2024 from $0.045 in 2023, while cash and cash equivalents increased by 8.3% to $8.02 million [5]. Business Expansion - CBL expanded its service network from 36 ports at IPO in March 2023 to over 60 ports by the end of 2024, covering regions including Asia Pacific, Europe, Africa, and Central America [6]. - New ports added included Mauritius, Panama, and India, enhancing global reach and servicing nine of the world's top 12 container shipping lines [7]. - Customer diversification was prioritized, with a decrease in sales concentration among the top five customers in fiscal year 2024 [8]. Sustainability Initiatives - Biofuel sales surged by 628.8% and volume by 603.0%, with the introduction of B24 biofuel reducing greenhouse gas emissions by 20% [9]. - The company secured ISCC EU and ISCC Plus certifications, aligning with global trends towards greener shipping solutions [9]. Strategic Enhancements - CBL improved IT systems for efficiency, strengthened credit risk management, and expanded funding sources through capital markets [10][11]. - The management remains optimistic about future growth, focusing on expanding market presence, particularly in biofuels, and enhancing the global supply network [12][14].