DLXY

SINGAPORE, April 30, 2026 /PRNewswire/ -- Delixy Holdings Limited (Nasdaq: DLXY) (the "Company" or "Delixy"), a Singapore-based company engaged in the trading of oil related products, today announced its financial results for the fiscal year ended December 31, 2025. Fiscal Year 2025 Financial Summary Revenue was $307.7 million for fiscal year 2025, compared to $314.9 million for fiscal year 2024. Gross profit was $2.5 million for fiscal year 2025, compared to $4.3 million for fiscal year 2024. Net loss was $4.5 million for fiscal year 2025, compared to net income of $1.0 million for fiscal year 2024. Basic and diluted loss per share was $0.29 for fiscal year 2025, compared to basic and diluted income per share of $0.07 for fiscal year 2024. Mr. Dongjian Xie, Executive Chairman and Chief Executive Officer of Delixy, commented, "In fiscal year 2025, despite a softer pricing environment in the global oil market that resulted in a slight decline in revenue, Delixy delivered strengthened operational performance, with total trading volume growing by 13.9% to 4,373 kBBLs (where 1 kBBL is equal to 1,000 barrels of oil) in fiscal year 2025. This growth in cargo volume reflects the resilience of our trading capabilities and the continued trust of our customers and counterparties." Mr. Xie continued, "At the operating business level, Delixy Energy Pte Ltd, our core oil trading subsidiary, recorded a net profit of approximately $0.9 million for fiscal year 2025, demonstrating the underlying health and profitability of our trading operations. The consolidated results were impacted by $4.9 million in consulting and advisory fees incurred at the holding company level, focused on expanding our product portfolio, strengthening our market positioning, and executing strategic business cooperations in alignment with our use of proceeds. These expenses were largely front-loaded as part of our growth initiatives following our transition to a public company, and therefore are not indicative of our ongoing operating performance or cost structure." "Looking ahead, we are actively advancing our product diversification strategy to broaden our trading portfolio beyond crude oil and oil-based products. In particular, we are making steady progress toward entering the liquefied natural gas ("LNG") and liquefied petroleum gas ("LPG") market. We believe that the expansion of our product offering will enhance our ability to capture opportunities in the evolving global energy landscape and contribute to more diversified and resilient revenue streams. Meanwhile, we remain focused on preserving supply chain resilience and delivering our products and services to customers in a consistent and dependable manner. As a company committed to prudent growth and operational discipline, we believe we are well positioned to strengthen our market position and deliver sustainable long-term value for our shareholders." Fiscal Year 2025 Financial Results Revenues Revenues were $307.7 million for fiscal year 2025, a decrease from $314.9 million for fiscal year 2024. The decrease was primarily driven by lower market prices for fuel oil compared to fiscal year 2024. This price decline led to a contraction in fuel oil trading volumes. Revenue from sales of crude oil was $182.6 million for fiscal year 2025, an increase from $169.5 million for fiscal year 2024. The increase was due to higher volumes of crude oil sold in fiscal year 2025 compared to fiscal year 2024, even though the average crude oil price was lower in line with world crude oil price trends. Revenue from sales of oil-based products was $125.1 million for fiscal year 2025, a decrease from $145.4 million for fiscal year 2024. The decrease was primarily attributable to the lower average selling prices realized in fiscal year 2025 relative to fiscal year 2024, rather than a reduction in the Company's core trading activity. Cost of Revenue Cost of revenue was $305.2 million for fiscal year 2025, a decrease from $310.6 million for fiscal year 2024. The decrease was primarily driven by lower average procurement prices for fuel oil and Methyl tert-butyl ether ("MTBE") during the period. While trading volumes for these products increased, the impact of lower unit costs resulted in an overall reduction in the cost of revenue. Gross Profit and Gross Profit Margin Gross profit was $2.5 million for fiscal year 2025, a decrease from $4.3 million for fiscal year 2024, as a result of the lower revenues generated during fiscal year 2025 compared to fiscal year 2024. Gross profit margin was 0.8% for fiscal year 2025, a decrease from 1.4% for fiscal year 2024. General and Administrative Expenses General and administrative expenses were $7.1 million for fiscal year 2025, an increase from $3.6 million for fiscal year 2024. This increase was primarily attributable to an increase of $4.9 million in consulting and advisory fees, a new expense category in the fiscal year 2025. These fees were focused on expanding the Company's product portfolio, strengthening its market positioning, and executing strategic business cooperations in alignment with its use of proceeds. These costs were partially offset by a significant reduction in freight and handling charges, which decreased to $0.1 million from $2.1 million in fiscal year 2024. Net Income (Loss) Net loss was $4.5 million for fiscal year 2025, compared to a net income of $1.0 million for fiscal year 2024. Basic and Diluted Loss (Income) per Share Basic and diluted loss per share was $0.29 for fiscal year 2025, compared to basic and diluted income per share of $0.07 for fiscal year 2024. Financial Condition As of December 31, 2025, the Company had cash and cash equivalents of $1.8 million, compared to $3.3 million as of December 31, 2024. Net cash used in operating activities was $5.2 million for fiscal year 2025, compared to net cash provided by operating activities of $0.6 million for fiscal year 2024. Net cash provided by investing activities was $0.2 million for fiscal year 2025, compared to $0.6 million for fiscal year 2024. Net cash provided by financing activities was $3.5 million for fiscal year 2025, compared to net cash used in financing activities of $6.1 million for fiscal year 2024. About Delixy Holdings Limited Delixy Holdings Limited is a Singapore-based company principally engaged in the trading of oil-related products, including (i) crude oil and (ii) oil-based products such as fuel oil, motor gasoline, additives, gas oil, base oil, asphalt, naphtha (heavy gasoline) and petrochemicals. Operating across multiple countries in Southeast Asia, East Asia, and Middle East, Delixy has established a strong presence in the region's oil trading markets. While Delixy maintains a diversified portfolio of oil products, crude oil trading represents a core aspect of its business. The Company leverages its strong existing relationships with customers and suppliers as well as deep industry expertise to provide value-added services, including tailored recommendations on optimal trading strategies and shipping and logistical support where required. In addition, the Company's financing capabilities allow it to extend credit terms to customers while satisfying suppliers' immediate payment terms. For more information, please visit the Company's website: https://ir.delixy.com. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe", "plan", "expect", "intend", "should", "seek", "estimate", "will", "aim" and "anticipate" or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement and other filings with the U.S. Securities and Exchange Commission (the "SEC"). For media inquiries, please contact: Delixy Holdings Limited Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/delixy-holdings-limited-reports-fiscal-year-2025-financial-results-302759246.html

SINGAPORE, Dec. 30, 2025 /PRNewswire/ -- Delixy Holdings Limited (Nasdaq: DLXY) (the "Company" or "Delixy"), a Singapore-based company engaged in the trading of oil related products, today announced its unaudited financial results for the six months ended June 30, 2025. First Six Months of Fiscal Year 2025 Financial Summary Revenue was $102.0 million for the six months ended June 30, 2025, compared to $143.8 million for the same period last year. Gross profit was $1.1 million for the six months ended June 30, 2025, compared to $1.8 million for the same period last year. Net income was $0.6 million for the six months ended June 30, 2025, an increase from $0.5 million for the same period last year. Basic and diluted income per share was $0.04 for the six months ended June 30, 2025, an increase from $0.03 for the same period last year. Mr. Dongjian Xie, Executive Chairman and Chief Executive Officer of Delixy, commented, "During the first half of fiscal year 2025, we remained focused on efficiency while navigating a dynamic market environment. This approach allowed us to strengthen profitability and deliver improved operating results. While revenues during the period reflected softer market activity, our general and administrative expenses declined significantly year-over-year, reflecting streamlined corporate operations and strong expense controls. As a result, our profits from operations increased to $0.4 million from $0.2 million for the same period last year, and net income rose to $0.6 million from $0.5 million. "On July 9, 2025, our ordinary shares commenced trading on Nasdaq following our initial public offering (the "IPO"), marking a major milestone for Delixy. The IPO strengthened our balance sheet, enhanced our visibility in the capital markets, and further improved our corporate governance framework. Looking ahead, we plan to continue to emphasize disciplined execution and prudent growth initiatives. With the foundation established as a public company, we believe Delixy is well positioned to pursue sustainable growth and create long-term value for our shareholders." First Six Months of Fiscal Year 2025 Unaudited Financial Results Revenues Revenues were $102.0 million for the six months ended June 30, 2025, a decrease from $143.8 million for the same period last year. The decrease was primarily attributable to the lower selling price, following weak oil demand and lower international oil price in first half of 2025. Cost of Revenue Cost of revenue was $100.9 million for the six months ended June 30, 2025, a decrease from $142.0 million for the same period last year. The decrease was primarily due to a weaker world oil market, with lower oil price we traded in. Gross Profit Gross profit was $1.1 million for the six months ended June 30, 2025, a decrease from $1.8 million for the same period last year. General and Administrative Expenses General and administrative expenses were $0.7 million for the six months ended June 30, 2025, a decrease from $1.6 million for the same period last year. The decrease was primarily driven by less vessel chartering and less logistics expense due to a high stocks of crude oil and oil products in far east. Net Income Net income was $0.6 million for the six months ended June 30, 2025, an increase from $0.5 million for the same period last year. Basic and Diluted Income per Share Basic and diluted income per share was $0.04 for the six months ended June 30, 2025, an increase from $0.03 for the same period last year. Financial Condition As of June 30, 2025, the Company had cash and cash equivalents of $1.8 million, compared to $5.6 million as of June 30, 2024. Net cash used in operating activities was $0.6 million for the six months ended June 30, 2025, compared to $1.4 million for the same period last year. Net cash used in investing activities was $0.5 million for the six months ended June 30, 2025, compared to net cash provided of $1.3 million for the same period last year. Net cash used in financing activities was $2.7 million for the six months ended June 30, 2025, compared to $2.5 million for the same period last year. About Delixy Holdings Limited Delixy Holdings Limited is a Singapore-based company principally engaged in the trading of oil-related products, including (i) crude oil and (ii) oil-based products such as fuel oils, motor gasoline, additives, gas oil, base oils, asphalt, naphtha (heavy gasoline) and petrochemicals. Operating across multiple countries in Southeast Asia, East Asia, and Middle East, Delixy has established a strong presence in the region's oil trading markets. While Delixy maintains a diversified portfolio of oil products, crude oil trading represents a core aspect of its business. The Company leverages its strong existing relationships with customers and suppliers as well as deep industry expertise to provide value-added services, including tailored recommendations on optimal trading strategies and shipping and logistical support where required. In addition, the Company's financing capabilities allow it to extend credit terms to customers while satisfying suppliers' immediate payment terms. For more information, please visit the Company's website: https://ir.delixy.com. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe", "plan", "expect", "intend", "should", "seek", "estimate", "will", "aim" and "anticipate" or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement and other filings with the U.S. Securities and Exchange Commission (the "SEC"). For media inquiries, please contact: Delixy Holdings Limited Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] ____________ * Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders. ** — Denotes amount less than US$1,000. ____________ * — Denotes amount less than US$1,000. ** Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders. View original content:https://www.prnewswire.com/news-releases/delixy-holdings-limited-reports-unaudited-financial-results-for-the-first-six-months-of-fiscal-year-2025-302650611.html