$BANL

CBL International Ltd

CIK:0001914805|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss)/Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenue	$ 538,489,831	$ 592,517,545	$ 435,897,718
Cost of revenue	534,018,060	587,142,893	428,686,593
Gross profit	4,471,771	5,374,652	7,211,125
Operating expenses:
Selling and distribution	1,595,789	2,705,604	1,242,157
General and administrative	5,309,214	5,996,638	4,307,141
Total operating costs and expenses	6,905,003	8,702,242	5,549,298
(Loss)/Income from operations	(2,433,232)	(3,327,590)	1,661,827
Other (income) expense:
Interest expense, net	744,436	570,691	231,633
Currency exchange loss/(gain)	33,332	4,092	(1,674)
Write off of property, plant and equipment	1,105		613
Other income, net	(222,240)	(1,476)
Total other expenses	556,633	573,307	230,572
(Loss)/Income before provision for income taxes	(2,989,865)	(3,900,897)	1,431,255
Write-back for income taxes	(394)	(29,484)	298,605
Net (Loss)/ Income	(2,989,471)	(3,871,413)	1,132,650
Comprehensive loss	(2,989,471)	(3,871,413)	1,132,650
Attributable to:
Equity holders of the Company	(2,970,424)	(3,736,007)	1,139,226
Non-controlling interests	(19,047)	(135,406)	(6,576)
Net (loss) /income attributable to parent	$ (2,989,471)	$ (3,871,413)	$ 1,132,650
Basic earnings per ordinary share	$ (0.108)	$ (0.136)	$ 0.045
Diluted earnings per ordinary share	$ (0.108)	$ (0.136)	$ 0.045
Weighted average number of ordinary shares outstanding - basic	27,500,327	27,500,000	25,000,000
Weighted average number of ordinary shares outstanding - diluted	27,500,327	27,500,000	25,000,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from operating activities:
Net(Loss)/Income	$ (2,989,471)	$ (3,871,413)	$ 1,132,650
Adjustment to reconcile net income to net cash used in operating activities:
Depreciation and amortization	384,505	357,482	170,826
Depreciation of right-of-use assets	162,423	170,060	142,888
Write off of property, plant and equipment	1,105		613
Change in fair value of derivative	355,670	(266,189)	(138,122)
Changes in operating assets and liabilities
Accounts receivable	(2,337,764)	(11,553,754)	(6,679,674)
Prepayments and other current assets	(264,464)	(3,768,410)	(19,042,364)
Accounts payable	10,683,082	14,554,185	14,779,300
Accrued expenses and other liabilities	(1,816,150)	2,619,266	218,115
Lease liabilities	(179,653)	(177,780)	(120,781)
Taxes payable	(3,186)	(6,663)	(496,305)
Net cash provided by (used in) operating activities	3,996,097	(1,943,216)	(10,032,854)
Cash flows from investing activity:
Purchase of property, plant and equipment	(2,641)	(144,446)	(773,863)
Net cash used in investing activity	(2,641)	(144,446)	(773,863)
Cash flows from financing activities:
Proceed from issuance of shares net of share offering costs	(42)	1,345,000	13,176,717
Share repurchased	(49,377)
Advance drawn down from bank	532,451	1,360,643
Net cash provided by financing activities	483,032	2,705,643	13,176,717
Net increase in cash and restricted cash	4,476,488	617,981	2,370,000
Cash at the beginning of the year	8,020,871	7,402,890	5,032,890
Cash and restricted cash at the end of the year	12,497,359	8,020,871	7,402,890
Cash and cash equivalent	9,325,274	8,020,871	7,402,890
Restricted cash	3,172,085
Reconciliation of cash and restricted cash	12,497,359	8,020,871	7,402,890
Cash paid during the year for:
Interest	787,377	591,858	302,486
Income taxes	5,219	28,057	794,910
NON-CASH TRANSACTION OF INVESTING AND FINANCING ACTIVITIES
Operating lease right-of-use asset and lease liabilities	$ 375,434	$ 372,134	$ 496,230

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash	$ 12,497,359	$ 8,020,871
Accounts receivable	39,017,369	36,679,605
Derivative assets		294,965
Prepayments and other current assets	23,350,063	23,085,599
Tax recoverable	262,057	258,872
Total current assets	75,126,848	68,339,912
Non-current assets
Property, plant and equipment, net	400,508	783,476
Right-of-use assets, net	187,078	168,421
Total non-current assets	587,586	951,897
Total assets	75,714,434	69,291,809
Current liabilities
Accounts payable	52,690,082	42,007,000
Accrued expenses and other current liabilities	985,947	2,963,079
Short-term lease liabilities	125,243	158,994
Bank borrowing	1,893,094	1,360,643
Derivative Liabilities	60,705
Total current liabilities	55,755,071	46,489,716
Long-term lease liabilities	70,538	35,360
Total liabilities	55,825,609	46,525,076
Commitment and contingencies
Shareholders’ equity:
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 27,500,327 and 27,500,000 shares issued and outstanding as of December 31, 2025, and December 31, 2024 respectively	2,750	2,750
Additional paid-in capital	13,831,423	13,880,837
Treasury stock	(5)
Retained earnings	6,054,657	9,025,081
Total stockholders’ equity	19,888,825	22,908,668
Non-controlling interests in subsidiaries		(141,935)
Total liabilities and equity	$ 75,714,434	$ 69,291,809