CBL International Ltd (BANL) SEC Filings & Earnings Calls
EquiReason read 15 CBL International Ltd SEC filings in the last 12 months. Latest: 6-K on 2026-10-23 — Private placement of 400,000 Class B ordinary shares at $2.12/share for gross proceeds of $848,000; options for additional 200,000 shares at $3.18/share. Proceeds for working capit.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 7.2M
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Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
23 Oct 20266-KPrivate placement of 400,000 Class B ordinary shares at $2.12/share for gross proceeds of $848,000; options for additional 200,000 shares at $3.18/share. Proceeds for working capital.open
Risks flagged
Dilution risk from discounted equity issuance and potential option exercise
“400,000 shares issued at 30% discount; options for 200,000 more at 50% premium to subscription price”
28 Aug 20266-KAmendment to Sales Agreement for at-the-market offering of up to US$2,604,166 in Class B Ordinary Shares; dual-class share structure and share consolidation adjustments.open
Risks flagged
Dilution risk from equity offering; dual-class structure may affect governance.
“amendment to sales agreement for up to US$2,604,166 in Class B Shares”
18 Aug 20266-KBoard declared a special cash dividend of $0.10 per share on Class A and Class B ordinary shares, payable Sept 18, 2026.open
Figures in the filing · each found in the filing text
| special cash dividend per share · Q3-2026 | $0.10 |
4 Aug 20266-KCBL International regained compliance with Nasdaq minimum bid price requirement after 1-for-13 reverse stock split. Nasdaq confirmed compliance on August 3, 2026.open
Risks flagged
Company had been at risk of delisting due to low share price; resolved via reverse split.
“Received Nasdaq deficiency notice on August 12, 2025; granted two compliance periods; effected reverse split to cure.”
16 Jul 20266-KCompany announced a 1-for-13 reverse share split to regain Nasdaq minimum bid price compliance; no financial impact.open
Figures in the filing · each found in the filing text
| Class B ordinary shares outstanding before split · pre-split | 14,325,327 |
Risks flagged
Reverse split executed to address Nasdaq non-compliance; risk of delisting if bid price not maintained.
“being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550(a)(2)” · word for word
22 Apr 20266-KCBL acquired 50.5% majority stake in Green Marine Energy Holdings Limited, expanding into sustainable fuel trading and biofuel bunkering in Malaysia.acquisitionopen
Risks flagged
Integration risk and execution of new business lines in sustainable fuels.
“This acquisition represents a measured step to broaden our presence in the sustainable energy supply chain” · word for word
17 Apr 202620-FCBL International reported FY2025 results: revenue -9.1% to $538.5M, net loss improved 22.8% to -$3.0M, sales volume +8.0%, operating expenses -20.7%.earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $538M | -9% y/y |
| Gross Profit · FY2025 | $4M | -17% y/y |
| Net Income (Loss) · FY2025 | $-3M | +23% y/y |
| Sales Volume Growth · FY2025 | 8.0% | |
| Biofuel Sales Volume Growth · FY2025 | 7.1% | |
| Cash and Cash Equivalents · 2025-12-31 | $12M | +56% y/y |
| Operating Cash Flow · FY2025 | $4M | |
| Top 5 Customer Concentration · FY2025 | 60.0% | |
| Number of Ports in Network · 2026-04-16 | 70 |
Risks flagged
Nasdaq Minimum Bid Price Non-Compliance
“On August 13, 2025, we received a deficiency letter... notifying us that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the 'Minimum Bid Price Requirement')... the bid price... was below $1.00 for 30 consecutive business days.”
Customer Concentration
“For FY2023, FY2024 and FY2025, the revenue from our five largest customers accounted for approximately 70.3%, 67.2% and 60.0%, respectively, of our total revenue.” · word for word
Geopolitical Disruption to Shipping Routes
“Escalating conflicts in the Middle East, particularly involving Iran, could materially disrupt global shipping lanes, increase bunker fuel prices, drive broader transportation cost inflation, and adversely affect our business, financial condition and results of operations.” · word for word
Fuel Price Volatility Impact on Working Capital
“Any significant increase in marine fuel price may adversely affect our working capital requirements and financial condition.” · word for word
Dual-Class Voting Structure / Concentrated Control
“CBL (Asia) Limited... controls approximately 90.2% of the total voting power of the Company.” · word for word
17 Apr 20266-KFY2025 results: revenue -9.1% to $538.49M, net loss narrowed 22.8% to $2.99M, sales volume +8%, operating cash flow turned positive to $4.00M.earningsopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $538M | -9% y/y |
| Net loss · FY2025 | $3M | -23% y/y |
| Sales volume growth · FY2025 | 8.0% | |
| Gross profit · FY2025 | $4M | -17% y/y |
| Operating expenses · FY2025 | $7M | -21% y/y |
| Earnings per share (EPS) · FY2025 | $-0.11 | -21% y/y |
| Operating cash flow · FY2025 | $4M | -306% y/y |
Risks flagged
Revenue decline due to lower bunker fuel prices; competitive pricing pressure on gross profit.
“Consolidated revenue ... decrease of 9.1% ... attributable to lower global bunker fuel prices”
5 Mar 20266-KDirector resignation and committee appointments; no disagreement with management, routine governance change.open
Risks flagged
Board vacancy not immediately filled; potential governance gap until suitable candidate identified.
“Company does not anticipate immediately filling the vacancy on the Board caused by Mr. Naujeck's resignation.” · word for word
11 Feb 20266-KNasdaq granted additional 180-day extension to August 10, 2026 to regain $1.00 minimum bid price compliance; risk of delisting remains if not cured.open
Risks flagged
Delisting risk if minimum bid price not regained by August 10, 2026.
“If the Company does not regain compliance within the additional compliance period, Nasdaq will provide notice that the Company’s ordinary shares will be subject to delisting.” · word for word
26 Nov 20256-KShareholders approved share capital reclassification into Class A and B shares and authorized share consolidation (1:2 to 1:20) to address Nasdaq compliance.open
Risks flagged
Reverse stock split may not cure bid price deficiency; delisting risk remains.
“share consolidation at a ratio of not less than 1:2 and not more than 1:20”
30 Oct 20256-KNotice of extraordinary general meeting to approve share capital reclassification and reverse stock split for Nasdaq compliance.open
Risks flagged
Proposed reverse stock split may not cure bid price deficiency; delisting risk persists.
“share consolidation at a ratio of not less than one (1)-for-two (2) and not more than one (1)-for-twenty (20)”
CBL International Ltd — questions
- What did CBL International Ltd file recently?
- 15 SEC filings in the last 12 months. Latest: 6-K on 2026-10-23 — Private placement of 400,000 Class B ordinary shares at $2.12/share for gross proceeds of $848,000; options for additional 200,000 shares at $3.18/share. Proceeds for working capital.
Every figure on this page comes from CBL International Ltd's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.