Rebecca PY MALAYSIA, 19 AUGUST 2026 – Marine fuel logistics operator CBL International Limited, the listing vehicle for Banle Group, announced its financial results for the six months ended June 30, 2026, marking a return to profitability and declaring a special cash dividend of $0.10 per share.
The Nasdaq listed firm reported consolidated revenue of $395.59 million, representing a 49.2 percent year on year increase compared to $265.17 million recorded during the same period in 2025. Gross profit surged by 140.5 percent to $6.53 million, while net income reached approximately $1.50 million, reversing a net loss of $992,000 from the previous year.
Company management attributed the revenue expansion primarily to elevated marine fuel prices driven by geopolitical volatility, alongside a 10.9 percent increase in total sales volume. Gross profit margins expanded to 1.65 percent, up from 1.02 percent in the first half of 2025, supported by supplier network diversification and demand from vessel rerouting away from geopolitical conflict zones.
Operational footprint expansion continued during the period, with the company service network broadening to encompass more than 70 ports across Asia Pacific, Europe, Australia, Africa, and Central America. Additionally, the firm acquired a 50.5 percent majority stake in Green Marine Energy Holdings Limited in April 2026 to expand upstream sustainable feedstock distribution and enhance physical bunkering operations in Malaysia.
Following a temporary reverse share split executed in July 2026 to align with exchange requirements, CBL received official notification from Nasdaq on August 3 confirming full compliance with minimum bid price listing rules.
The declared special cash dividend of $0.10 per Class A and Class B ordinary share will be distributed on September 18, 2026, to shareholders of record as of August 28, 2026. Looking forward, the group plans to integrate its sustainable fuel assets further and scale alternative energy offerings including biofuel, LNG, and methanol solutions.