Delixy Holdings Limited Reports Fiscal Year 2025 Financial Results
Rhea-AI Summary
Delixy Holdings (Nasdaq: DLXY) reported fiscal year 2025 results for year ended December 31, 2025: revenue $307.7M, gross profit $2.5M (0.8% margin), and net loss $4.5M (basic loss per share $0.29). Trading volume rose 13.9% to 4,373 kBBLs. Cash and cash equivalents were $1.8M at year-end; operating cash used was $5.2M.
General and administrative expenses increased to $7.1M, driven by $4.9M in consulting and advisory fees at the holding level supporting product diversification toward LNG and LPG.
Positive
- Trading volume +13.9% to 4,373 kBBLs
- Delixy Energy Pte Ltd reported ~ $0.9M net profit
- Progress on product diversification toward LNG and LPG
Negative
- Gross profit down from $4.3M to $2.5M (0.8% margin)
- Net loss of $4.5M; EPS swung to a $0.29 loss
- Cash and cash equivalents fell to $1.8M
- Net cash used in operating activities of $5.2M
News Market Reaction – DLXY
In the May 1 session, DLXY declined 0.79%, reflecting a mild negative market reaction. Argus tracked a trough of -3.1% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Dec 30 | Earnings results | Positive | +67.9% | Unaudited H1 2025 results with higher net income and EPS despite revenue drop. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The prior earnings release combined mixed fundamentals with a strong positive price reaction, suggesting the stock has previously responded strongly to financial updates.
In the past months, Delixy highlighted operating profit improvements and strategic expansion. The Dec 30, 2025 unaudited H1 2025 earnings showed lower revenue but higher net income and EPS, prompting a 67.86% move. A Apr 21, 2026 chairman’s letter reviewed 2025 performance, the Jul 9, 2025 Nasdaq listing, and outlined LNG expansion and logistics partnerships. Today’s full-year 2025 results update those trends, adding detail on consulting costs, trading volumes, and cash flows.
Key Terms
kbbls technical
lng technical
lpg technical
methyl tert-butyl ether medical
mtbe technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Fiscal Year 2025 Financial Summary
- Revenue was
$307.7 million $314.9 million - Gross profit was
$2.5 million $4.3 million - Net loss was
$4.5 million $1.0 million - Basic and diluted loss per share was
$0.29 $0.07
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
Mr. Xie continued, "At the operating business level, Delixy Energy Pte Ltd, our core oil trading subsidiary, recorded a net profit of approximately
"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
- Revenue from sales of crude oil was
$182.6 million $169.5 million - Revenue from sales of oil-based products was
$125.1 million $145.4 million
Cost of Revenue
Cost of revenue was
Gross Profit and Gross Profit Margin
Gross profit was
Gross profit margin was
General and Administrative Expenses
General and administrative expenses were
Net Income (Loss)
Net loss was
Basic and Diluted Loss (Income) per Share
Basic and diluted loss per share was
Financial Condition
As of December 31, 2025, the Company had cash and cash equivalents of
Net cash used in operating activities was
Net cash provided by investing activities was
Net cash provided by financing activities was
About Delixy Holdings Limited
Delixy Holdings Limited is a
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
For media inquiries, please contact:
Delixy Holdings Limited
Investor Relations Department
Email: ir@delixy.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||||||||||
As of December 31, | ||||||||||||
Note | 2024 | 2025 | ||||||||||
US$'000 | US$'000 | |||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 3,343 | 1,793 | ||||||||||
Accounts receivable, net | 4 | 17,519 | 22,399 | |||||||||
Deposits, prepayments and other receivables | 5 | 575 | 2 | |||||||||
Amount due from shareholder | 6 | 152 | 95 | |||||||||
Derivative financial instruments | 7 | 685 | 582 | |||||||||
Total current assets | 22,274 | 24,871 | ||||||||||
Non-current assets: | ||||||||||||
Property and equipment, net | 8 | ** | 1 | |||||||||
Right-of-use assets, net | 9 | 62 | 16 | |||||||||
Deferred offering costs | 10 | 1,321 | — | |||||||||
Total non-current assets | 1,383 | 17 | ||||||||||
TOTAL ASSETS | 23,657 | 24,888 | ||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | 17,067 | 20,214 | ||||||||||
Accrued liabilities | 11 | 50 | 237 | |||||||||
Other payables | — | 180 | ||||||||||
Lease liabilities | 13 | 42 | 16 | |||||||||
Loan from shareholder | 12 | — | 4,000 | |||||||||
Income tax payable | 18 | 127 | 136 | |||||||||
Total current liabilities | 17,286 | 24,783 | ||||||||||
Non-current liabilities: | ||||||||||||
Lease liabilities | 13 | 18 | — | |||||||||
Loan from shareholder | 12 | 5,000 | — | |||||||||
Total non-current liabilities | 5,018 | — | ||||||||||
TOTAL LIABILITIES | 22,304 | 24,783 | ||||||||||
Commitments and contingencies | 21 | — | — | |||||||||
Shareholders' equity: | ||||||||||||
Ordinary share, par value | 14 | ** | ** | |||||||||
Additional paid-up capital | 695 | 3,910 | ||||||||||
Retained earnings/(accumulated deficit) | 612 | (3,851) | ||||||||||
Other reserve | 15 | 46 | 46 | |||||||||
Total shareholders' equity | 1,353 | 105 | ||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 23,657 | 24,888 | ||||||||||
* | Retrospectively restated for the effect of 1:200 forward stock split of the Company's Ordinary Shares and the |
** | — Denotes amount less than |
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||||||||||||
Financial Years ended | ||||||||||||||
Note | 2023 | 2024 | 2025 | |||||||||||
US$'000 | US$'000 | US$'000 | ||||||||||||
Revenues | 3,16 | 289,166 | 314,916 | 307,747 | ||||||||||
Cost of revenue | (285,037) | (310,618) | (305,203) | |||||||||||
Gross profit | 4,129 | 4,298 | 2,544 | |||||||||||
General and administrative expenses | (3,007) | (3,592) | (7,077) | |||||||||||
Profit/(loss) from operations | 1,122 | 706 | (4,533) | |||||||||||
Other income: | 17 | |||||||||||||
Foreign exchange gain | 3 | 5 | — | |||||||||||
Interest income | 250 | 183 | 63 | |||||||||||
Gain on disposal of property | — | 177 | — | |||||||||||
Shipping charges reimbursed | — | 50 | 141 | |||||||||||
Other income | 2 | 5 | 2 | |||||||||||
Total other income | 255 | 420 | 206 | |||||||||||
Income/(loss) before income tax | 1,377 | 1,126 | (4,327) | |||||||||||
Income tax expense | 18 | (225) | (98) | (136) | ||||||||||
NET INCOME/(LOSS) | 1,152 | 1,028 | (4,463) | |||||||||||
TOTAL COMPREHENSIVE INCOME/(LOSS) | 1,152 | 1,028 | (4,463) | |||||||||||
Net income/(loss) per Share | ||||||||||||||
Basic and diluted* | 0.08 | 0.07 | (0.29) | |||||||||||
Weighted average number of ordinary shares outstanding | 15,000,000 | 15,000,000 | 15,647,260 | |||||||||||
* | Retrospectively restated for the effect of 1:200 forward stock split of the Company's Ordinary Shares and the |
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||||||||||
Financial Years ended | ||||||||||||
2023 | 2024 | 2025 | ||||||||||
US$'000 | US$'000 | US$'000 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net income/(loss) after tax | 1,152 | 1,028 | (4,463) | |||||||||
Depreciation of property and equipment | 24 | 11 | ** | |||||||||
Amortization of right-of-use assets | 43 | 57 | 44 | |||||||||
Gain on disposal of property | — | (177) | — | |||||||||
Interest expense | 23 | 178 | 7 | |||||||||
Fair value gain on derivative financial instruments | (21) | — | — | |||||||||
Change in working capital: | ||||||||||||
Accounts receivable, net | 2,716 | (16,806) | (4,880) | |||||||||
Deposits, prepayments and other receivables | 24 | (540) | 573 | |||||||||
Accounts payable | — | 17,067 | 3,147 | |||||||||
Other payables | — | — | 180 | |||||||||
Accrued liabilities | (44) | (25) | 187 | |||||||||
Lease liabilities | (47) | (62) | (44) | |||||||||
Income tax payable | 200 | (119) | 9 | |||||||||
Interest paid | (20) | — | (5) | |||||||||
Net cash provided by/(used in) operating activities | 4,050 | 612 | (5,245) | |||||||||
Cash flows from investing activities: | ||||||||||||
Derivative financial instruments | (107) | (78) | 103 | |||||||||
Proceeds from disposal of property | — | 957 | — | |||||||||
Amount due from shareholder | (81) | (327) | 57 | |||||||||
Net cash (used in) /provided by investing activities | (188) | 552 | 160 | |||||||||
Cash flows from financing activities: | ||||||||||||
Amount due to related party | (175) | — | — | |||||||||
Purchase of property and equipment | — | — | (1) | |||||||||
Repayment of loan | — | — | (1,000) | |||||||||
Payment of offering costs | — | (1,321) | — | |||||||||
Proceed from issuance of stock | — | — | 4,536 | |||||||||
Dividend paid | (1,500) | (4,745) | — | |||||||||
Net cash (used in)/ provided by financing activities | (1,675) | (6,066) | 3,535 | |||||||||
Net change in cash and cash equivalents | 2,187 | (4,902) | (1,550) | |||||||||
BEGINNING OF FINANCIAL YEAR | 6,058 | 8,245 | 3,343 | |||||||||
END OF FINANCIAL YEAR | 8,245 | 3,343 | 1,793 | |||||||||
Supplemental Cash Flow Information: | ||||||||||||
Cash paid for income taxes | (25) | (219) | (127) | |||||||||
Cash paid for interest | (23) | (3) | (7) | |||||||||
Supplemental schedule of noncash financing activities | ||||||||||||
Loan from shareholder | — | 5,000 | — | |||||||||
Dividend payable | — | (5,000) | — | |||||||||
** — Denotes amount less than | ||||||||||||
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SOURCE Delixy Holdings Limited