CBL International Limited (BANL) financial statements
CBL International Limited reported revenue of $538M in fiscal 2025, up 13.3% a year over 4 years.
Net income was -$3M and the operating margin -0.5%, against 1.3% in 2021.
Free cash flow was $4M.
The diluted share count rose 29% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CBL International Limited's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $327M | $463M | $436M | $593M | $538M |
| Cost of revenue | $319M | $454M | $429M | $587M | $534M |
| Gross profit | $8M | $9M | $7M | $5M | $4M |
| Selling, general and admin | $3M | $4M | $6M | $9M | $7M |
| Operating income | $4M | $5M | $2M | -$3M | -$2M |
| Interest expense | $3,359 | $259,993 | $231,633 | $570,691 | $744,436 |
| Pre-tax income | $4M | $4M | $1M | -$4M | -$3M |
| Income tax | $656,321 | $814,468 | $298,605 | -$29,484 | -$394 |
| Net income | $4M | $4M | $1M | -$4M | -$3M |
| EPS (diluted) | $0.17 | $0.17 | $0.04 | -$0.14 | -$0.11 |
| Diluted shares | 21M | 21M | 25M | 28M | 28M |
| Gross margin | 2.3% | 2.0% | 1.7% | 0.9% | 0.8% |
| Operating margin | 1.3% | 1.0% | 0.4% | -0.6% | -0.5% |
| Net margin | 1.1% | 0.8% | 0.3% | -0.7% | -0.6% |
Balance sheet
Fiscal years, from CBL International Limited's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $5M | $7M | $8M | $9M |
| Receivables | $18M | $18M | $25M | $37M | $39M |
| Total current assets | $27M | $24M | $52M | $68M | $75M |
| Property, plant and equipment | $122,326 | $394,090 | $996,512 | $783,476 | $400,508 |
| Total assets | $27M | $26M | $53M | $69M | $76M |
| Total current liabilities | $19M | $13M | $28M | $46M | $56M |
| Total liabilities | $19M | $13M | $28M | $47M | $56M |
| Shareholders' equity | $8M | $12M | $25M | $23M | $20M |
| Net debt | -$3M | -$5M | -$7M | -$8M | -$9M |
Cash flow
Fiscal years, from CBL International Limited's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$3M | $3M | -$10M | -$2M | $4M |
| Capital spending | $19,153 | $373,111 | $773,863 | $144,446 | $2,641 |
| Free cash flow | -$3M | $3M | -$11M | -$2M | $4M |
| Free cash flow margin | -0.8% | 0.7% | -2.5% | -0.4% | 0.7% |
Questions
What was CBL International Limited's revenue in 2025?
$538M in fiscal 2025, from its 10-K filing.
How much free cash flow does CBL International Limited generate?
$4M in fiscal 2025 (operating cash flow minus capital spending).
From CBL International Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.