Wang Chen

Wang Chen inquired about the key drivers behind CBL International's 38.8% year-on-year net loss reduction in the first half of 2025, despite macroeconomic challenges and oil price volatility, and the sustainability of these measures for the second half of the year.

Answer

VP & Assistant CFO Chi Kwan Fung stated that the improved bottom line resulted from past investments in enlarging the port network, expanding the customer base, and developing biofuel operations, leading to double-digit sales volume growth in H1 2025 and reduced reliance on top five customers. He also highlighted a 17% reduction in operating expenses (OpEx) in H1 2025 due to streamlining operations and enhancing efficiency, and affirmed that the company will continue to seek investment windows for network expansion and sustainable fuels, optimizing profitability.

Wang Chen from Added Financial inquired about the key drivers behind CBL International's 38.8% reduction in net loss in H1 2025 and the sustainability of these measures for the second half of the year.

Answer

Nicholas Fung, Assistant CFO, attributed the 38.8% net loss improvement to past investments in expanding the port network, customer base, and biofuel operations, which are now yielding results. He highlighted double-digit sales volume growth, new customer acquisition reducing reliance on top five clients, significant biofuel sales growth, and a 17% reduction in operating expenses through streamlined operations. These measures are sustainable, with continued strategic investment in network expansion and sustainable fuels.

Wang Chen from Abbi Financial inquired about the key drivers behind CBL International's 38.8% net loss reduction in H1 2025 amidst macroeconomic challenges and oil price volatility, and the sustainability of these measures for H2 2025.

Answer

Mr. Nicholas Fung, Assistant CFO, attributed the net loss improvement to past investments in expanding the port network, customer base, and biofuel operations, which are now yielding results. He cited double-digit sales volume growth in FY2024 and H1 2025, new customer acquisition reducing reliance on top clients, significant biofuel sales growth, and a 17% reduction in operating expenses (OpEx) through streamlined operations. He stated that the company will continue to seek investment windows for network expansion and sustainable fuels, optimizing profitability.