Financial Data and Key Metrics Changes - Total sales volume grew by 9.8%, while revenue decreased by 4.4% to $265.2 million [11][12] - Gross profit margin increased by 4 basis points to 1.02%, and net loss narrowed by 38.8% [11][14] - Current ratio improved to 1.54, indicating healthy liquidity, while capital debt improved to -4.44 days [14][27] Business Line Data and Key Metrics Changes - Revenue from biofuels saw a significant increase of 154.7% year-on-year, with volume growth reaching 189.5% [17][18] - Non-container liner sales accounted for 36.9% of revenue, reflecting successful diversification efforts [17][43] - Revenue growth in China was 26%, while other regions saw a 131% increase [11] Market Data and Key Metrics Changes - Total seaborne trade grew by 2.5% in 2025, with containerized trade growing by 2.9% [7] - CBL serves 9 out of the top 12 global container liners, representing around 16% market share [8] - Geopolitical tensions have caused disruptions, leading to increased demand for bunkering services at alternative ports [9][10] Company Strategy and Development Direction - CBL aims to expand its service network, focusing on sustainable fuel solutions and enhancing market share [5][25] - The company is positioned as a pioneer in providing stable biofuel supply during the transition to sustainable fuels [5][18] - Future initiatives include strengthening supplier relationships and exploring new sustainable fuel options like LNG and methanol [19][25] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by geopolitical conflicts and oil price fluctuations but noted a successful growth trajectory [29][30] - The company plans to continue expanding its network and customer base while maintaining operational efficiency [34][50] - Management expressed confidence in capturing demand from rerouted trade flows due to geopolitical tensions [37][56] Other Important Information - CBL has obtained ISCC EU and ISCC+ certifications to support the industry's decarbonization initiatives [5][18] - The company launched a share repurchase program and filed a shelf registration statement for future securities offerings [21][19] - CBL has received multiple awards for its corporate communication and investor relations efforts [22] Q&A Session Summary Question: What was the most significant achievement achieved by CBL? - CBL achieved a sales volume growth of almost 10% and expanded its global service network from 36 to 65 ports [30][29] Question: What were the key drivers behind the reduction in net loss? - The reduction was driven by expanding the port network, increasing sales volume, and streamlining operations, resulting in a 17% decrease in operating expenses [34][14] Question: How is CBL positioned to capture demand from rerouted trade flows? - CBL has targeted increased demand from rerouted vessels and leveraged its extensive supply network to meet these demands [37][10] Question: How does CBL plan to maintain or improve gross profit margins? - CBL plans to improve margins by increasing sales volume, exploring new sustainable fuels, and adopting a cost-plus pricing model [40][41] Question: How does CBL plan to grow the non-container liner segment? - CBL will continue to provide reliable supply arrangements for non-container liner customers while maintaining strong relationships with container liner customers [43][44] Question: What were the primary cost efficiencies achieved? - CBL achieved cost efficiencies through streamlining operations and utilizing office automation and IT systems [46][47] Question: What are the expansion plans for the second half of 2025? - CBL plans to strengthen its service network, grow sales volume, and explore sustainable fuels while maintaining strong customer relationships [50][52] Question: What is the impact of U.S. tariff changes on CBL? - CBL's direct impact from U.S. tariffs is minimal, but the changes have redirected cargoes, increasing demand for services in alternative regions [56][58]

Financial Data and Key Metrics Changes - Total sales volume grew by 9.8%, while revenue decreased by 4.4% to $265.2 million, primarily due to a decrease in marine fuel prices [11][12] - Gross profit margin increased by 4 basis points to 1.02%, and net loss narrowed by 38.8% from $1.62 million to $0.99 million [14][26] - Current ratio improved to 1.54, indicating healthy liquidity, while capital debt improved to -4.44 days, highlighting excellent cash cycle management [11][14] Business Line Data and Key Metrics Changes - Revenue from biofuels saw a significant increase of 154.7% year-on-year, with volume growth reaching 189.5% [17][18] - Non-container liner sales accounted for 36.9% of revenue, reflecting successful diversification efforts [41] - Revenue share from the top 12 liners increased to 60.1% compared to 45.7% in the first half of 2024 [17] Market Data and Key Metrics Changes - Seaborne trade grew by 2.5% in 2025, with containerized trade growing by 2.9%, indicating steady growth in global trade [7][8] - CBL serves 9 out of the top 12 global container liners, representing around 16% market share in global container liners [8][11] - Geopolitical tensions have caused disruptions, leading to increased demand for bunkering services at alternative ports [9][10] Company Strategy and Development Direction - CBL aims to expand its service network, increase sales volumes, and integrate sustainable fuel solutions to meet evolving market needs [5][24] - The company is focused on strengthening relationships with suppliers and customers while exploring sustainable fuels like biofuels, LNG, and methanol [19][50] - CBL's strategy includes targeting new customer segments and enhancing operational efficiency through technology and automation [27][46] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by geopolitical conflicts and oil price fluctuations but emphasized the company's ability to maintain growth and reduce losses [29][30] - The company plans to continue expanding its network and focusing on sustainable fuel segments to align with regulatory changes and market demand [50][51] - Management expressed confidence in navigating economic uncertainties and capturing demand from rerouted trade flows [36][55] Other Important Information - CBL has obtained ISCC EU and ISCC+ certifications to support the industry's decarbonization initiatives [5][18] - The company launched a share repurchase program and participated in various investor events to enhance communication with stakeholders [20][21] - CBL's commitment to ESG practices includes a focus on sustainability, employee well-being, and community engagement [22][23] Q&A Session All Questions and Answers Question: What was the most significant achievement achieved by CBL? - CBL achieved a sales volume growth of almost 10% for the first half of 2025, driven by strategic expansions and partnerships despite geopolitical challenges [28][30] Question: What were the key drivers behind the improvement in net loss? - The improvement was driven by investments in expanding the port network, customer base, and biofuel operations, alongside a 17% reduction in operating expenses [32][33] Question: How is CBL positioned to capture demand from rerouted trade flows? - CBL's extensive supply network allows it to meet increased demand for bunkering services along new trade routes due to geopolitical tensions [36][37] Question: How does CBL plan to maintain or improve gross profit margins? - CBL plans to improve margins by increasing sales volume, exploring new sustainable fuels, and leveraging a cost-plus pricing model [38][40] Question: How does CBL plan to grow the non-container liner segment? - CBL aims to provide reliable supply arrangements for non-container liner customers while maintaining strong relationships with container liner customers [41][42] Question: What were the primary cost efficiencies achieved? - Cost efficiencies were achieved through streamlining operations, utilizing office automation, and focusing on advanced technologies for continuous improvement [44][46] Question: What are the expansion plans for the second half of 2025? - CBL plans to strengthen its service network, grow sales volume, and explore sustainable fuels while maintaining strong relationships with current customers [47][50] Question: What is the impact of U.S. tariff changes on CBL? - CBL's direct impact from U.S. tariff changes is minimal, but the company is leveraging shifts in trade flows to meet increased demand for its services [54][55]