CBL International Limited (NASDAQ: BANL) returned to profitability in the first half of 2026, posting net income of approximately $1.50 million versus a net loss of $992,000 in the same period of 2025. Revenue rose 49.2% year-on-year to $395.59 million from $265.17 million, driven primarily by elevated marine fuel prices amid geopolitical volatility and a 10.9% increase in sales volume.
Gross profit climbed 140.5% to $6.53 million, up from $2.71 million, while the gross profit margin expanded to 1.65% from 1.02% a year prior. Operating expenses edged up 2.2% to $3.49 million, compared with $3.42 million in the first half of 2025.
The company’s global service network now spans more than 70 ports across Asia Pacific, Europe, Australia, Africa, and Central America. Customer concentration among the top five clients declined to below 60%, down from 60.4% in the first half of 2025.
In April 2026, CBL acquired a 50.5% majority stake in Green Marine Energy Holdings Limited, expanding into sustainable feedstock distribution and physical bunker capabilities in Malaysia. The firm also declared a special cash dividend of $0.10 per share for both Class A and Class B ordinary shares, with a record date of August 28, 2026, and a distribution date of September 18, 2026.
On July 16, 2026, CBL announced a 1-for-13 reverse share split, effective for trading on July 20, 2026. Nasdaq confirmed on August 3, 2026, that the company had regained compliance with its minimum bid price requirement under Listing Rule 5550(a)(2).
