CBL International Limited Announces Share Repurchase Program

Kuala Lumpur, June 4, 2025 – CBL International Limited (NASDAQ: BANL) announced on June 3 that its Board of Directors approved a share buyback program of up to $5 million or 5 million of the Company’s ordinary shares. The repurchases will depend on market conditions and corporate needs and will expire on April 15, 2028. The Board believes that the current share price does not reflect the company’s potential and aims to deliver value to stockholders. In the fiscal year 2024, the Company reported a revenue increase of 35.9% driven by sales volume growth and expanding customer base. Looking ahead, CBL is focused on market expansion in biofuels and enhancing its global supply network for sustainable growth. The company’s strategic initiatives aim to strengthen its market position and partnerships for future growth. CBL International Limited is the listing vehicle of Banle Group, a marine fuel logistic company in the Asia Pacific region, established in 2015. They provide bunkering services in over 60 major ports and promote sustainable fuels. Forward-looking statements in this announcement highlight the company’s projections and potential market opportunities but caution investors about uncertainties.