Core Viewpoint - PTL Limited has announced the approval of a 1-for-80 share consolidation of its Class A and Class B ordinary shares to regain compliance with Nasdaq listing requirements [1][2]. Share Consolidation Details - The share consolidation will take effect on February 27, 2026, with Class A Ordinary Shares trading under the same symbol "PTLE" but with a new CUSIP number G7377S127 [2]. - Currently, there are 491,237,500 Class A Ordinary Shares and 11,250,000 Class B Ordinary Shares outstanding. Post-consolidation, there will be 6,140,469 Class A Ordinary Shares and 140,625 Class B Ordinary Shares outstanding [3]. - The consolidation will not result in fractional shares; any fractions will be rounded up to the next whole number [3]. Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [4]. - The company targets the Asia Pacific market and leverages its established network within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [4].

Core Viewpoint - PTL Limited has been granted an additional 180 days by Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, extending the deadline to July 13, 2026 [1][2]. Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [3]. - The company targets the Asia Pacific market and leverages its established network and partnerships within the marine fuel logistics industry to offer a comprehensive solution for vessel refueling [3]. Compliance Status - The company was initially notified on July 18, 2025, that it did not meet the minimum bid price requirement, and the first 180-day compliance period ended on January 14, 2026 [2]. - Nasdaq has determined that PTL Limited is eligible for an additional compliance period due to its adherence to other listing requirements and its intention to address the bid price deficiency, potentially through a reverse stock split [2]. - To regain compliance, the closing bid price must meet or exceed $1.00 per share for at least 10 consecutive business days during the new 180-day period [2].

Core Viewpoint - PTL Limited, a holding company established in the British Virgin Islands, operates as a bunkering facilitator providing marine fuel logistics services primarily in the Asia Pacific market. The company reported its unaudited financial results for the first half of fiscal year 2025, highlighting a decrease in revenue and gross profit, but an increase in net income due to a reversal of expected credit loss provision [1][2][17]. Financial Performance - Revenue for the six months ended June 30, 2025, was $43,555,675, a decrease of $6,717,914 or 13.4% from $50,273,589 in the same period of 2024, attributed to a decline in sales volume from approximately 81,702 metric tons to 79,055 metric tons [3][4]. - Cost of revenue decreased by $6,124,910 or 12.5% to $43,008,979, in line with the decrease in revenue, primarily due to lower marine fuel costs [6]. - Gross profit fell by $593,004 or 52.0% to $546,696, with a gross profit margin dropping from 2.3% in 2024 to 1.3% in 2025, influenced by increased purchase costs of marine fuels [8]. - Selling, general and administrative expenses rose by $455,492 or 63.4% to $1,174,250, mainly due to increased staff costs and professional fees following the company's listing in the United States [11]. - A reversal of provision for expected credit loss of $2,401,151 was recorded, resulting from the settlement of long-aged accounts receivable [13]. - Net income increased by $889,062 or 277.5% to $1,209,506, driven by the factors mentioned above [17]. Cash Flow Analysis - Net cash used in operating activities was $8,249,616 for the six months ended June 30, 2025, primarily due to a decrease in accounts payable and an increase in prepayments [18]. - Net cash provided by financing activities amounted to $6,143,467, mainly from the issuance of ordinary shares [22]. Company Overview - PTL Limited is headquartered in Hong Kong and serves as a bunkering facilitator, providing marine fuel logistics services for various types of vessels, focusing on the Asia Pacific market [24].

Core Points - PTL Limited has received a notice from Nasdaq indicating non-compliance with the minimum market value of listing securities (MVLS) requirement of US$35 million for its Class A Ordinary Shares [1][2] - The company has until January 14, 2026, to regain compliance by maintaining an MVLS of US$35 million or more for at least ten consecutive business days [1][4] - Additionally, the company has been notified that its Class A Ordinary Shares have been trading below the minimum bid price of US$1.00 per share for the last 30 consecutive business days [3][4] - The company is provided with a 180-day compliance period to address both the MVLS and minimum bid price deficiencies [4][5] - The company intends to monitor its market value and take necessary measures to regain compliance within the grace period [2][5] Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [6] - The company targets the Asia Pacific market and leverages its established network and partnerships within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [6]