CBL International Limited (NASDAQ: BANL) (the Company or CBL), the listing vehicle of the Banle Group (Banle or the Group), is proud to announce that it has been awarded the CGMA Excellent Sustainability Award at the prestigious CGMA Annual Awards 2025. The award was presented at a gala ceremony held on November 26, 2025, in Shanghai.
The CGMA Annual Awards are highly respected in the industry, recognizing excellence and innovation in management accounting and business leadership. The “CGMA Excellent Sustainability Award” specifically honors organizations that have demonstrated an outstanding, strategic commitment to sustainable development, successfully integrating environmental, social, and governance (ESG) principles into their core business strategy to create long-term value.
After being shortlisted from a competitive field of leading companies, CBL was selected as the ultimate winner for its comprehensive and impactful sustainability initiatives. The judges recognized the Group’s holistic approach, which includes setting measurable carbon reduction targets, implementing robust ethical sourcing policies, investing in community development programs, and maintaining transparent ESG reporting. This award affirms CBL’s leadership in aligning financial performance with positive societal impact.
Dr. Teck Lim Chia, Chairman and Chief Executive Officer of Banle Group, commented, “We are immensely honored to receive the CGMA Excellent Sustainability Award’ from CGMA. This recognition is a powerful validation of our steadfast belief that long-term business success is inextricably linked to responsible stewardship of our environment and a deep commitment to our social responsibilities. At CBL, sustainability is not a standalone initiative but a fundamental pillar of our corporate strategy. This award is a testament to the dedication of every member of our team who works tirelessly to embed sustainable practices across all our operations.”
CBL International Limited Wins Prestigious CGMA Excellent Sustainability Award at the CGMA Annual Awards 2025
About the Banle Group CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistics company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with a one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in 65 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam. The Group actively promotes the use of sustainable fuels and has been awarded the ISCC EU and ISCC Plus certifications.
Wintermar booked a 25.1%YOY rise in 9M2025 Operating Profit to US$14.7million, supported by an 11.6% increase in Owned Vessel Revenue and rising Gross Margins.
Owned Vessel Division
Owned Vessel Revenue rose by 11.6%YOY to US$50.3million for 9M2025, driven by a significant increase in High Tier vessel utilization to 76% for 9M2025 compared to 59% in 9M2024.
Average charter rates for our fleet have risen around 5% since end 2024 whereas average utilization for 9M2025 was 60.4%, lower than utilization rates of 67% achieved in 9M2024. The lower utilization stemmed from the large number of spot contracts for our mid-tier fleet in 2025, which is characteristic of this early phase of the oil and gas investment cycle where most of the OSV demand is for seismic/survey or the exploration and construction, where projects tend to be completed in several weeks. In the mid-tier segment, the utilization of HLB was lower in 3Q2025 compared to 2Q2025 due to completion of spot contracts.
Overall, the higher charter rates for the fleet compensated for lower overall fleet utilization this year, leading to a rise in gross margins for the Owned Vessel Division to 38% from 30% in 9M2024. Total Gross Profit for the Owned Vessel Division amounted to US$20.1million (+29.6%YOY) for 9M2025. Although the fleet is still impacted by fluctuations in quarter-to-quarter utilization as the majority of vessels are still on spot contracts, we are confident that there will be longer term contracts coming up in 2026-2027 as more projects head into the development and production phase of the oil and gas investment cycle.
Chartering Division and Other Services
Contribution from the Chartering Division has declined, with gross profit of US$0.35million for 9M2025 compared to US$1.2million in 9M2024. This was because a few chartered vessels completed a project which will not be resuming this year. This reduction has been offset by higher Gross Profit from Other Services, which rose 8.1%YOY to US$1.8million from an increase in commissions, fees and other service income.
Direct Expenses and Gross Profit
Total Owned Vessel Direct Costs rose by 2.2%YOY to US$30.2million for 9M2025, due to higher depreciation and crewing costs. Depreciation rose to US$10.5million (+3.6%YOY) with the operation of 3 additional HLB vessels and 1 PSV compared to 9M2024. Crewing costs roseto US$8.1million (+7.6%YOY) as a result of a higher number of Dynamic Positioning (DP) vessels in the fleet and higher salaries for crew on international contracts. Fuel costs are borne by charterers while a vessel is on contract, and with more high tier vessels chartered out compared to the previous year, the overall fuel expenses fell by 19.1% YOY to US$1.76million in 9M2025.
Indirect Expenses and Operating Profit
Total Indirect Expenses rose by 14%YOY or US$0.9million to US$7.5million for 9M2025, with salary costs, employee benefits and staff training accounting for US$0.6million of this increase. As our business has expanded internationally, we have invested more heavily into human resources, particularly in the technical and technology divisions, and expanded our crew training and development programs to invest in developing young marine graduates and electrical engineers to have practical experience on board our fleet to be ready for future international operations.
Operating Profit grew by 25.1% YOY to US$14.7million for 9M2025 compared to US$11.8million in 9M2024.
Other Income, Expenses and Net Attributable Profit
Net interest expenses rose by US$0.4million as higher interest expenses were offset by interest income. Net gearing stands at only 0.6% as at end September 2025.
Equity in Associate Companies fell to US$0.6million in 9M2025, from US$2.1million in 9M2024, due to poorer utilization in 3Q2025 and increased capital costs related to the award of a new long-term contract.
There were no vessel sales in 3Q2025, and only one vessel sold in 2Q2025, realizing a gain of US$1.7million for 9M2025. This represents a sharp decline compared to 2024 which included a large one-off gain booked from vessel sales in 2024 where the Company made US$17.4million from the sale of several vessels including a significant gain from the sale of a PSV.
Total Other Income for 9M2025 stood at US$1.3million which resulted in a net income before tax of US$16.1million for the nine months period year to date.
Net profit attributable to shareholders for 9M2025 amounted to US$9.2million compared to US$19.7million in 9M2024. Net income before Non-Controlling Interest in 9M2025 fell to US$14.4million compared to US$27.2million in 9M2024 which included the impact of the PSV sale.
EBITDA for 9M2025 rose by 15%YOY to US$25.5million, compared to US$22.1million in 9M2024. This reflects the strong cash flow enjoyed by the Company as most of the past vessel loans have been repaid.
Industry Outlook
The OSV industry was not spared from the global uncertainty in investor sentiment this year. Concerns over US tariffs and a potential global economic slowdown caused oil prices to trend lower, which led to a more cautious environment and delays in contract awards. Charter rates for OSVs which had risen sharply from 2021 to 2024 also saw a correction this year.
The Oil and Gas investment cycle is a long-term cycle over several years from award of concessions to production. Due to the lack of investment in new reserves over a 8-year period until 2021, we are firmly optimistic that the longer-term fundamentals indicate continued investment in oil and gas exploration.
In the Offshore Supply Vessel (OSV) industry, there has been nearly no newbuilding of high tier Dynamic Positioning (DP) equipped vessels from 2015 to 2022. The softening in OSV charter rates this year is expected to be short term in nature as the limited supply of operationally ready OSVs points to a sustained shortage of OSV supply in the coming years. This is illustrated in the chart below, which shows the active fleet compared with the small number of idle PSVs and charter rates for the period 2023-2025. From the data, demand continues to be high with overall global fleet utilization close to 90%.
Business Prospects
The short-term weakness in oil prices over the past quarter reflects the volatile geopolitical sentiment which has been driven by changing news flows more than industry fundamentals. The structural outlook for oil and gas supply support stable oil prices, resulting from years of underinvestment in new reserves. In 2025, there have been several projects in Indonesia which are still at the early stage of the investment cycle, where seismic and exploration work only necessitates spot contracts. This has caused volatility in our fleet utilization. However, the long investment cycle from exploration to production indicates that there will be more demand in the coming years as these projects will continue towards production targets in 2027. This will underpin OSV demand in the coming years. Taking into consideration the limited orderbooks for new OSVs to be delivered in the coming years, we remain very optimistic that charter rates and utilization will improve in the coming years, as we continue to add high value vessels.
Award of long-term contract in Brunei
Our associate company, Fast Offshore Supply Pte Ltd (FOS), based in Singapore, has been awarded a tender to supply 5 newbuild 55-metre Crew Transfer Vessels (CTVs) under a five-year charter contract in Brunei for delivery in 2027. Construction of the vessels has commenced, and WINS has participated in a rights issue to support this project. The vessels are being constructed by FOS in Singapore and Batam. This new long-term contract provides secure future earnings and fleet renewal for FOS, thereby improving the financial & revenue contribution to the Company.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd’s Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com .
For further information, please contact: Ms. Pek Swan Layanto, CFA Investor Relations PT Wintermar Offshore Marine Tbk Tel (62-21) 530 5201 Ext 401 Email: investor_relations@wintermar.com
– Demonstrating Remarkable Resilience Amid a Challenging Macroeconomic Environment
CBL International Limited (NASDAQ: BANL) (the Company or CBL), the listing vehicle of the Banle Group (Banle or the Group), a leading marine fuel logistics company in the Asia-Pacific region, has announced its unaudited financial results for the six months ended June 30, 2025 on September 2, 2025.
1H 2025 Financial and Operational Highlights – Revenue of $265.17million, reflecting resilient performance in a volatile macro environment. – Sales volume increased by 9.8%, driven by network expansion, new customer acquisitions, and expansion toward the non-container liner and biofuel segments. – Gross profit margin increased to 1.02% in 1H2025, reflecting the Company’s strategic approach to maintaining profitability while growing market share in a competitive environment. – Net loss narrowed by 38.8% year-on-year to $992,000, demonstrating improved cost control and operating efficiency. – Biofuel sales surged 154.7%, driven by accelerating adoption of sustainable marine fuels under IMO 2023 and EU FuelEU Maritime regulations. – Global network expanded to 65 ports, strengthening CBL’s role as a global one-stop marine fuel logistics platform. – Cash balance of $5.43 million and $50 million committed banking facilities provide strong financial flexibility to support growth and shareholder value.
Financial Performance Overview The Company reported consolidated revenue of $265.17 million for the six months ended June 30, 2025, representing a 4.4% decrease from $277.23 million in the same period of 2024. The decrease was mainly attributable to the decrease in the marine fuel price which was partially offset by the increase in the sales volume. The increase in sales volume was mainly driven by network expansion, new customer acquisitions, and expansion toward the non-container liner and biofuel segments. Furthermore, the Group’s network demonstrated the Group’s resilience to geopolitical impacts on the marine industry.
Gross profit remained stable at $2.71 million with an increase in sales volume to cope with the challenging competition in the market, while gross profit margin increased from 0.98% in 1H2024 to 1.02% in 1H2025. This margin expansion reflects the Company’s strategic approach to maintaining profitability while growing market share in a competitive environment.
The Company reported a net loss of $992,000 for the six months ended June 30, 2025, representing a significant 38.8% improvement compared to a net loss of $1.62 million in the same period of 2024, primarily driven by disciplined cost management and operational efficiency initiatives that reduced operating expenses by 17% to $3.42 million from $4.12 million in 1H 2024.
Cash and cash equivalents stood at $5.43 million as of June 30, 2025, supported by improved working capital management and expanded banking facilities of $50.0 million, providing enhanced financial flexibility for growth initiatives.
Strategic Expansion and Operational Excellence CBL’s operational expansion continued to be a key growth driver, with the Company’s global service network reaching 65 ports by June 30, 2025, strategically positioned across Asia Pacific, Europe, Africa, and Central America. This expansion enabled CBL to effectively navigate geopolitical disruptions, particularly in the Red Sea region and the Middle East, along with the changes in global trade patterns due to the impact of U.S. tariffs policy, by capturing increased demand along alternative intra-Asia and Euro-Asia trade routes.
Customer diversification reached a significant milestone, with non-container liner sales accounting for 36.9% of revenue, while sales concentration among the top five customers declined to 60.4% from 66.7% in 1H 2024. The Company continues to service nine of the world’s top 12 container shipping lines, which contributed nearly 60% of global container fleet capacity.
Additionally, biofuel sales demand was fueled by stricter environmental regulations, including IMO’s Carbon Intensity Indicator and the EU’s FuelEU Maritime, and surged 154.7% year-on-year in 1H2025, with volumes up 189.5%, reinforcing CBL’s forerunning position in sustainable marine fuels. The Company stayed ahead of this trend with the successful rollout of its B24 biofuel in China, Hong Kong, and Malaysia, followed by a 2025 launch in Singapore. The B24 blend, comprising 76% conventional fuel and 24% UCOME, delivers a 20% reduction in greenhouse gas emissions compared to traditional marine fuels.
Stricter Environmental Regulations and Industry Reshaping Despite the unpredictability of U.S. trade policy, oil prices, and geopolitical risks, CBL remains cautiously optimistic about the outlook as further uncertainties could impact our results of operations for a particular period. Regarding the ongoing instability in the Red Sea, where vessels were rerouted via the Cape of Good Hope, CBL targeted the increased demand from rerouted vessels, ensuring that our strategic supply chain could meet these demands, allowing us to maintain the stability of our offerings and capitalize on the opportunities created by these disruptions.
The adoption of biofuels and other sustainable marine fuels is accelerating as stricter environmental regulations reshape the shipping industry. Consultant agency Exactitude Consultancy is projecting a 50.4% CAGR for the green marine fuel market from 2023 to 2030, as demand for biofuels is expected to climb sharply. Leveraging its early move into sustainable fuels, CBL is expanding its biofuel supply chain and exploring LNG and methanol, positioning itself to capture growth while helping customers meet tightening decarbonization targets across Asia Pacific, Europe, and other key markets.
Management Commentary and Future Outlook
Dr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “Our first half results highlight significant strategic progress. Despite a challenging macro backdrop, we successfully expanded our global network, accelerated our biofuel transition with triple-digit growth, and narrowed our net loss by nearly 40%. These achievements underscore our resilience, operational discipline, and confidence in long-term growth.
As regulations tighten and customer demand for sustainable marine fuels accelerates, CBL is uniquely positioned as an early mover with the ISCC certifications and supply partnerships to lead the market transition. We remain focused on executing our strategy to deliver profitable growth and long-term shareholder value.”
Outlook Looking ahead, CBL expects to: – Further scale its biofuel supply chain and explore LNG and methanol, leveraging regulatory support and customer adoption. – Continue expanding port coverage to enhance global connectivity. – Maintain disciplined cost management and capitalize on financial flexibility to invest in sustainable fuels and potential shareholder return initiatives.
Webcast Details CBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the six months ended June 30, 2025.
Event:
2025 Interim Results Webcast
Date and Time:
10:00 pm – 11:00 pm US EST on September 15, 2025 (Monday)
10:00 am – 11:00 am MST/HKT on September 16, 2025 (Tuesday)
CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistics company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with a one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in 65 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam. The Group actively promotes the use of sustainable fuels and has been awarded the ISCC EU and ISCC Plus certifications.
Forward-Looking Statements Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. 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 Company’s filings with the SEC.
CBL INTERNATIONAL LIMITED (Incorporated in the Cayman Islands with limited liabilities)
– Unlocking New Global Market Opportunities with Innovative Business Model
HONG KONG, Sep 1, 2025 – (ACN Newswire) – 29 August, Anton Oilfield Services Group (“Anton” or “the Group“; stock code: 3337), a world leading independent oilfield technical services provider, is pleased to announce its unaudited condensed consolidated interim results for the six months ended 30 June 2025 (“the Reporting Period” or “the Period”).
During the first half of 2025, the Group achieved operating revenue of approximately RMB2.63 billion (all figures in RMB), representing a year-on-year increase of 20.9%. Net profit reached RMB166 million, up 49.0% year-on-year, while profit attributable to equity holders of the Company amounted to approximately RMB165 million, marking a 55.9% year-on-year growth. Anton’s operational efficiency saw significant improvement, with robust operating cash flow performance. Net cash inflow during the period reached RMB370 million, an increase of RMB24.3 million year-on-year. Average days sales outstanding stood at 162 days, a reduction of 22 days compared to the same period last year.
Establishing a new business model: “Integrated Service Company ” + “Technical Service Provider”
During the reporting period, in its mature business areas of oilfield technical services and oilfield management services, Anton continued to strengthen reservoir enhancement capabilities, further highlighting the advantages of its asset-light technical service model. This drove steady development in oilfield technical services, with revenue reaching RMB 1.21 billion, a year-on-year increase of 22.9%, accounting for 45.8% of total revenue. Concurrently, oilfield management services maintained steady growth, generating revenue of RMB 1.00 billion during the period, an increase of 11.2%, as the company progressively replicates its successful business model into new global markets. In new business ventures, the company actively expanded in three key directions: oil and gas development, natural gas utilization, and AI-enabled solutions. Oil and gas development operations strengthened exploration and development capabilities while accelerating progress at the Dhufriyah. Natural gas utilization achieved breakthroughs in Southeast Asia through onshore natural gas commercialization projects (OPF) . AI-empowered services have gained initial scale, covering the entire application chain from artificial intelligence to subsurface data management and surface asset integrity, comprehensively enhancing the quality and efficiency of oil and gas development.
Through long-term business model upgrades, Anton has preliminarily established a commercial model that integrates technical services with technical operators. The technical service operator model represents an integrated approach deeply merging technical services with operator responsibilities. Unlike traditional oil companies acquiring operating rights through capital investment, Anton secures field operating rights through technical contributions. This model is particularly suited to mature and marginal fields requiring enhanced development efficiency. By tightly integrating technical services with production operations, it achieves efficient development and maximizes asset value, while maintaining light-asset operations, low costs, high efficiency, and strong cyclical resilience.
Expanding Global Markets, Unlocking New Market Opportunities
Anton’s ongoing global market expansion has unlocked new market opportunities, becoming a core driver of performance growth. In the first half of 2025, overseas markets generated revenue of RMB 1.68 billion, representing an 11.2% increase from RMB 1.511 billion in the same period last year. Overseas revenue maintained a high proportion of 63.8% of the Group’s total income. The Iraq market, as a core market where the Group has deepened its presence, has achieved comprehensive deployment, forming a synergistic business ecosystem of technical services, oilfield management, and oil and gas development. This has further enhanced market influence and driven scaled development; during the period, it contributed revenue of RMB 1.447 billion, a year-on-year increase of 16.6%, accounting for 55.0% of the Group’s total revenue.
In Sarawak, Malaysia, the group successfully secured its first onshore natural gas commercialization project (OPF Project), establishing a crucial foothold for deeper market penetration in Southeast Asia. In the Kuwait market, the company’s completion tools successfully passed pre-qualification. Capitalising on Kuwait’s first comprehensive opening of its technical services market, the company is preparing bids for various projects to cultivate new growth drivers. Concurrently, Anton will continue to cultivate global markets including the Middle East, Africa, Central Asia and Southeast Asia, steadily expanding its business footprint.
The Group recorded robust new orders in the first half of the year, with total new contracts signed amounting to approximately RMB 4.75 billion. Overseas markets contributed RMB 3.12 billion in new orders, accounting for 65.7% of the Group’s total new orders. As of 30 June 2025, the Group’s order backlog reached approximately RMB 16.35 billion. This substantial order pipeline provides a solid foundation for sustained, high-speed growth in future performance.
Deepening Global Management, Accelerating Digital and Intelligent Transformation
To underpin the deepening implementation of its global strategy, the Group has intensified management optimisation efforts. Anton positions Dubai as its global headquarters and operational centre, Egypt as its human resources hub, India as its supply chain procurement centre, mainland China as its technology and raw materials resource centre, and Hong Kong as its financial centre. Leveraging the strengths of each location, these centres collectively support the Group’s global expansion. During the first half of the year, the Group inaugurated its new Hong Kong office and established Anton Treasury Company to enhance capital management efficiency and strengthen the integration of China’s market with global resources. In accelerating digital and intelligent development, Anton leveraged AI and data-driven approaches to empower management efficiency, achieving full-chain connectivity of core business process data.
Outlook:
Advancing Long-Term Strategic Goals with a Refined Positioning
Anton’s long-term vision is to become a leading global green energy technology services company. Currently positioned as an integrated service provider and technical service operator, it delivers efficiency enhancement solutions for oil and gas development. Leveraging China’s unique advantages and global footprint, Anton aims for rapid growth to become an industry innovation leader.
Driving Long-Term Growth Through Early Indicator Management
The company employs data-driven early-stage indicator management to achieve long-term objectives, encompassing six critical steps: expanding market reach through client resource development; identifying market opportunities via demand research; securing high-quality projects through project initiation and feasibility studies; securing orders through project sales; building service capacity for existing orders through rapid project production and construction; and converting existing orders into revenue through operational execution. This early-stage indicator management enhances the predictability of orders and revenue while providing greater assurance of market opportunities and business prospects.
Continuously Focusing on Core Markets while Further Expanding Global Markets and its Product Penetration
The company will maintain its focus on mature markets such as Iraq, deepening potential and seizing core market opportunities to drive scaled growth. Concurrently, it will build long-term reserves for expanding into emerging global markets including Gulf States, Central Asia, Southeast Asia, and Africa. Furthermore, by benchmarking against global industry leaders and adopting innovative business models, the company will comprehensively enter new market tiers. Oilfield technical services centre on reservoir enhancement, integrated field management offers distinctive capabilities, oil and gas development establishes a technical service operator model, while natural gas utilization targets vast, commercially untapped global reserves. AI-enabled solutions and platform collaboration drive comprehensive operational efficiency gains across the oil and gas sector.
Enhance Shareholder Returns through Efficient Operations
The company will pursue rapid, asset-light growth through platform-based, ecosystem-driven and innovative business models. By operating with efficiency, it will continuously enhance profitability and generate healthy cash flow, thereby establishing a solid foundation for shareholder returns. It remains committed to its dividend and share buyback policies, employing multiple measures to consistently create value for shareholders.
About Anton Oilfield Services Group
Established in 1999 and listed on the Hong Kong Stock Exchange in December 2007 (Stock Code: HK. 3337), Anton Oilfield Services Group is a globally leading integrated service provider for enhancing oil and gas resource development efficiency, a technical services operator, and an innovation pioneer. Our long-term vision is to become a premier global green energy technology services provider for the new era. Addressing the sustainable development needs of the future oil and gas industry, we deliver personalized, comprehensive, and integrated solutions tailored to the diverse requirements of our oilfield clients, maximizing the value of their assets. With Dubai serving as our global headquarters and operational centre, Egypt as our human resources hub, India as our supply chain procurement centre, Mainland China as our technology and raw materials resource centre, and Hong Kong, China as our financial centre, we leverage distinctive Chinese strengths to integrate global resources and conduct efficient global management and operations. Our business spans over 30 countries and regions, primarily emerging markets including China, Iraq, Chad, and Kazakhstan, forming a rapid-response global service support system.
This press release is issued on behalf of Anton Oilfield Services Group by Zhixin Investor Relations Consultant Limited.
– Joining Forces to Reshape the Energy Industry with AI and Robotics Technology
OMS Energy Technologies Inc. (OMS Energy or the Company, stock code: OMSE) and Ministry XR (Ministry XR), a leading national institution for AI code governance and technical supervision in Singapore, officially signed a memorandum of understanding on 6 August 2025 to establish an in-depth strategic partnership between two parties. Leveraging AI-driven robotic coding technology and the cutting-edge engineering capabilities possessed by each other, OMS Energy and Ministry XR will jointly promote the intelligent transformation of the traditional energy industry, moving towards a more sustainable development future with high efficiency, low cost and high security.
(Left) Mr. How Meng Hock, Chief Executive Officer of OMS Energy and Mr. Andrew Yew, Chief Technology Officer of Ministry XR
This cooperation focuses on the long-term strategic layout of “intelligently reshaping energy”, aiming to build a complete ecosystem through three pillars: 1.Frontier R&D in AI Robotic Coding OMS Energy and Ministry XR will jointly develop an exclusive AI-driven robotic coding framework tailored for the energy industry, with a focus on breaking through core scenarios such as predictive maintenance, autonomous operation, environmental compliance monitoring, and automation of safety protocols. This technology will significantly reduce human operation errors, eliminate personnel safety risks under different environmental conditions like extreme weather, steep terrain, a space filled with poisonous gas, remote area, etc, improve the uptime of energy infrastructure, and provide technical guarantees for the full-lifecycle inspection and maintenance of critical facilities such as oil and gas pipelines and wellhead systems.
2.Commercialization and Large-Scale Market Deployment Technology implementation will quickly move from the laboratory to the industrial end: Ministry XR will assist OMS Energy in designing scalable commercialization pathways, including conducting pilot projects, integrating with existing industrial systems, and providing regulatory compliance and certification support. The two parties plan to develop export-grade technologies with global competitiveness, covering the core markets such as Asia-Pacific, the Middle East, and North Africa where OMS Energy currently operate to accelerate the popularization of intelligent solutions in the energy industry.
3.Academic and Innovation Ecosystem Collaboration Building on OMS Energy’s long-term R&D cooperation with institutions such as the A*Star Singapore Institute of Manufacturing Technology (SIMTech), OMS Energy and Ministry XR will jointly establish an “AI-Robotics Innovation Laboratory” with top academic institutions. They will develop professional courses, establish talent delivery channels, promote the direct transformation of scientific research achievements into industrial applications, and form a closed loop of “industry-research-application”.
Shared Vision: Let Intelligence and ESG Concepts become Industry Standards
Mr. How Meng Hock, Chief Executive Officer of OMS Energy, added: “OMS Energy has been deeply engaged in the oil and gas engineering field for nearly 50 years, with 11 manufacturing bases in 6 countries and a professional team of over 600 people. Our core products, OCTG (Oil Country Tubular Goods) and SWS (Surface Wellhead Systems) have sold to over 200 high-quality customers worldwide. This cooperation with Ministry XR will accelerate our business expansion into a ‘full-lifecycle pipeline inspection and maintenance service sector in oilfield and urban water supply and wastewater industry’, making AI robotics technology the core engine for cost reduction, efficiency improvement, environmental risk elimination and green development in the energy industry. Safety operation is paramount in the oil and gas industry due to the inherent risks associated with the work. AI robotics technology will significantly reduce the risks involved in daily operations in oil and gas projects, especially in extreme climates and harsh geographical environments, and further ensure the sustainability, safety, and efficiency of operations.”
Mr. Andrew Yew, Chief Technology Officer of Ministry XR stated at the signing ceremony: “As a leading national institution for AI code governance and technical supervision in Singapore, we will participate in the full-lifecycle of OMS Energy projects, providing full-dimensional support from technology selection to strategic implementation. This cooperation is not only a response to the digital transformation of the energy industry but also a proactive layout to lead global energy technology standards.”
About OMS Energy Technologies Inc. OMS Energy Technologies Inc. is a seasoned engineering and technology enterprise in the upstream oil and gas development sector, specializing in the design, certification, and manufacturing of precision engineering systems. Its core products include OCTG (Oil Country Tubular Goods), SWS (Surface Wellhead Systems), and specialized connectors, while also providing value-added services such as advanced threading processing and pipeline inspection and maintenance. With business covering regions including Asia-Pacific, the Middle East, North Africa, and West Africa, and backed by authoritative certifications such as ISO 9001 and API Q1 as well as stable financial performance, the Company has become a trusted partner in the global energy industry.
About Ministry XR Ministry XR is a leading national institution for AI code governance and technical supervision in Singapore, dedicated to promoting the standardized application and industrial implementation of AI and robotics technologies. It has profound industry know-how in fields such as technical standard formulation and evaluation of global cutting-edge technologies, providing strategic guidance and technical support for the digital transformation of key industries.
This press release is issued by Messis Global on behalf of OMS Energy Technologies Inc.
Wintermar’s Operating Profit jumped 55.8%YOY to US$8.9million for 1H2025, derived from 17% growth in Owned Vessel Revenue in 1H2025 and higher gross margins from better fleet mix and higher charter rates.
Owned Vessel revenues were higher in 1H2025 compared to 1H2024 despite lower utilization due to better yielding vessels in operation in 1H2025.
Owned Vessel Division
Although the number of vessels has not changed, fleet composition has improved with 2 additional PSVs in operation in 1H2025 as well as 3 newly delivered HLBs which 2 units commenced work in April 2025 and 1 unit in July 2025. With 4 additional units of higher yielding vessels in operation compared to last year, gross margins from the Owned Vessels Division expanded from 29.6% in 1H2024 to 39.1% in 1H2025. This resulted in a 54.4%YOY jump in Gross Profit growth for the Owned Vessel Division to US$12.4million, despite a fall in utilization from 63.7% in FY2024 to 57.9% in 1H2025.
Despite a slower first half of the year which caused a dip in utilization, the Company reaped the benefit of improving average charter rates from a higher number of operational vessels at the higher value segment of the fleet. Owned Vessel Expenses increased by 22%QOQ from 1Q2025 to 2Q2025 due to an increase of fleet as well as Operational costs.
Chartering Division and Other Services
Chartering revenues experienced a sharp decline, as several vessels ended a contract which has not been renewed. Gross Profit from Chartering fell from US$0.7million in 1H2024 to US$0.2million in 1H2025.
Gross Profit from Other Services fell to US$1.4million (-11.5%YOY) in1H2025 in line with the lower vessel utilization for the period compared to last year.
Direct Expenses and Gross Profit
Total Owned Vessel Direct Expenses rose only slightly by 1.3%YOY to US$19.4million for 1H2025. The largest increase came from Fuel Bunker costs which rose to US$1.4million (+46.1%YOY) due to the mobilization of vessels to overseas contracts. All other costs were lower except for Fleet Maintenance which rose 2.2%YOY to US$4.1million in 1H2025.
On a quarterly basis, there were higher operational and maintenance costs in 2Q2025 compared to 1Q2025 due to the preparation and mobilization of a mid-tier vessel for a long-term contract in the Middle East.
Indirect Expenses and Operating Profit
Total Indirect Expense rose by 11.0%YOY to US$5.1million in 1H2025. The largest increase came from salary and employee benefits which rose by 10.0%YOY and 16.9%YOY to US$3.8million and US$0.2million respectively. With the improvement in business conditions and a wider geographic spread of operations, there was an increase in the number of employees in 2025 compared to last year. Telecommunications and marketing costs also rose with more international projects and higher costs of bid bond fees in the tender process.
Due to good cost control, Operating Profit for 1H2025 jumped by 55.8% to US$8.9million from US$5.7million in the previous year.
Other Income, Expenses and Net Attributable Profit
As the Company refinanced the newly acquired vessels from the past year, interest expenses rose to US$1million for 1H2025, while interest income also doubled to US$0.3million due to strong operational cash flow.
There was a turnaround in Equity in net earnings of Associates from a loss of US$0.4million in 1Q2025 to a profit of US$0.7million in 2Q2025. This resulted in a gain of US$0.6million from Investment in Associates for 1H2025, slightly lower than US$0.8million in 1H2024.
During 2Q2025, management successfully sold a smaller mid-tier vessel for a profit, resulting in a net gain on sale of fixed asset of US$1.7million. This is in line with the continued fleet renewal program where smaller mid-tier vessels which are lower yielding will continue to be sold off to concentrate the fleet on larger and higher yielding vessels. However, this cannot compare with the significant one-off gain of US$17.4million recorded in 1H2024 primarily from the sale of a platform supply vessel. Therefore, total Other Income was US$1.7million for 1H2025 as compared to US$17.4million in 1H2024 which included the one-off vessel sale.
Net income before tax for 1H2025 totalled US$10.7million, compared to US$23.2million in 1H2024. This 53.8% decline does not reflect the underlying improvement in the core business as 1H2024 profit included the sizable one-off gain from the vessel sale.
Non-Controlling Interest fell from US$6.4 million in 1H2024 which included some profit from the sale of vessel to US$2.7 million in 1H2025. The group’s EBITDA jumped by 25.8%YOY for 1H2025, reaching US$16.0 million compared to US$12.7million in 1H2024.
Stripping out the impact of vessel sales, the underlying profit for 1H2025 was US$ 5.4million compared to US$4.9million in 1H2024 representing a growth of 10.1%YOY.
Industry Outlook
There are growing signs of a pivot from renewable energy back to hydrocarbons as the world faces a growing need for energy while renewable sources of fuel are still insufficient and less economical. The continuing uncertainty in the Middle East and ongoing wars in Ukraine and Gaza have put pressure on governments around the world to seek energy security. In addition, the increasing need for energy for the “Green Transition” and data centres has led to a resurgence of demand for oil and gas. These factors have led to projections for global investment in oil and gas being maintained above US$610 billion in the coming years, with a steadily growing share invested into offshore fields.
In Indonesia, the government has continued to push for self-sufficiency in various sectors, with energy being one of the sectors benefitting from this plan. There are at present four sizeable strategic national projects in Indonesian offshore fields which are currently in the early stage of exploration and where production is expected from 2026-2030. These projects will sustain demand for OSVs in Indonesia in the coming years.
Business Prospects
The Company’s focus on developing a strong presence in the dynamic positioning segment is bringing in benefits of a higher blended fleet charter rate which has led to higher gross margins. The 3 units of newly built HLB which commenced work in April to July 2025 will underpin earnings in 2H2025, and there is a third reactivated PSV expected to be operational at the end of 3Q2025. The investment cycle for oil and gas is still expected to ramp up for the next few years, providing better fleet utilization which will lead to profit upside.
The stronger cash flow arising from a low debt position has enabled the Company to continue investing into higher value vessels while selling lower yielding vessels. The additional vessels coming into operation in 2025 will provide upside for 2026 earnings.
Total contracts on hand as at end June 2025 has risen to US$70.9 million.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd’s Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.
For further information, please contact: Ms. Pek Swan Layanto, CFA Investor Relations PT Wintermar Offshore Marine Tbk Tel (62-21) 530 5201 Ext 401 Email: investor_relations@wintermar.com
HONG KONG, July 25, 2025 – (ACN Newswire) – The successfully pass of U.S. President Donald Trump’s One Big Beautiful Bill Act is expected to have a crucially impact on America’s energy structure. A key focus of the entire Act is that the U.S. federal government will significantly eliminate subsidies for green energy such as wind power, solar energy, and electric vehicles in the future, while increasing subsidies for fossil energy. In other words, America’s energy structure will return to the old era, that is, the golden era of the U.S. dollar which is the dominant global settlement currency. Therefore, investor should pay more attention on such situation and bet on oilfield production infrastructure manufacturers and refineries in the energy sector, rather than on upstream energy companies, whose business performance are closely related to international oil prices.
Recently, Roth Capital initiated a research report on OMS Energy Technologies (NASDAQ: OMSE), a Singapore-based company focusing on the R&D and production of surface wellhead systems (SWS) and oil country tubular goods (OCTG). Roth Capital initiated the company “Buy” rating with a 12-month target price of US$10. On 24 July, OMSE announced its 2025 fiscal year earnings results, and its stock price surged by more than 8% after the results was announced, closing at US$7.18, which still has nearly 40% upside potential compared to its target price.
OMSE’s business mainly involves the exploration and production infrastructure for the oil and natural gas industry, namely SWS and OCTG. Its products are widely used in onshore and offshore oilfield exploration and production (E&P) activities in the Asia-Pacific region, the Middle East, and North Africa. Currently, the company has 11 manufacturing facilities strategically located in oil and gas service hubs across 6 jurisdictions. It also has finishing facilities near some of its top end-users’ E&P operations, including in Saudi Arabia where its largest client Saudi ARAMCO Oil is located.
On 24 July, OMSE announced its full year earnings results ended March 31, 2025. The company recorded revenue of approximately US$204 million with operating profit of approximately US$60 million. Both marked a year-on-year significant growth. Besides, the company has ample cash on hand, reaching US$75.8 million as of March 31, 2025.
Notably, due to a restructuring carried out before 2023, where the management team conducted a buyout from major shareholder, the company booked a NAV premium of US$49.4 million according to international accounting standards in 2024FY, resulting in operating profit of over $80 million recorded for the 2023/2024 fiscal year. Excluding the one-off NAV premium, operating profit in fiscal year 2024/2025 is US$59.9, showing a significant year-on-year increase from US$43.4 million in fiscal year 2023/2024.
Saudi Aramco Oil orders provide 10-year revenue stream
According to Roth Capital’s forecast, OMSE will maintain a remarkable growth in the next few years. This is mainly due to the company’s acquisition of new orders in Angola and Thailand, marking significant progress in expanding its global business. An even greater growth driver comes from the 10-year supply agreement signed by OMSE with Saudi ARAMCO Oil (TADAWUL: 2222) at the beginning of 2024, which is expected to generate US$120 million to US$200 million in annual income. In the future, there is a good chance to further expand its business coverage or market share through mergers and acquisitions, continuously enhancing profitability. The company has invested $1.1 million in R&D for metal seals used in high-pressure and high-temperature gate valves, and has completed the first phase of the project. This is expected to become a new stream of income in the future.
In summary, the company has strong fundamentals. Additionally, with the United States, which accounted for over 15.6% of global fossil energy demand in 2023, returning to the era of conventional energy, it is expected not only to drive the balance between supply and demand, support international oil prices, but also to boost oil production, benefiting many oilfield E&P infrastructure providers such as OMSE.
Finally, the United States’ attempt to consolidate the dollar’s dominant position in the international settlement system by expanding conventional energy transactions is bound to be a long-term trend. Goldman Sachs expects Brent crude oil prices to remain at $76 per barrel in 2025, which further reflects this potential U.S. influence.
Whether in the short or medium term, the investment value of oilfield E&P infrastructure stocks is steadily increasing. According to Bloomberg data, the average P/E ratio of the global oilfield service and related oilfield equipment industry is 15x, while OMSE’s current P/E ratio is only 5x, reflecting a significant lag in valuation. Finally, it is worth mentioning that the company has sufficient cash on hand and a stable business, and it is not ruled out that it will pay dividends in the future, which deserves more attention.
Recently, Hong Kong officially released the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, which explicitly listed RWA as a key development direction, actively explored its integration with local advantageous industries, and intended to inject new vitality into the traditional industry with the help of blockchain technology. Tianci international (CIIT) has long focused on the cutting-edge trends in the industry and quickly captured the huge potential behind this policy signal. Tianci is well aware that the integration of blockchain technology and shipping logistics is expected to bring more innovation opportunities to the company and open up a brand-new growth track.
In order to explore this innovative integration model, Tianci has recently organized several seminars on ‘RWA and Shipping Logistics Business’. The conference gathered senior experts and industry elites from shipping, finance, blockchain technology and other fields to discuss the prospect of blockchain technology and token issuance application, implementation path and challenges in shipping logistics.
In terms of shipping enterprises issuing token, Tianci has clarified the feasibility and key processes of digital token issuance for core assets such as ships and warehousing facilities. Experts emphasizes the need to establish a rigorous asset valuation system and compliance framework to ensure that the issuance process is transparent, fair and legal. Experts also made an in-depth analysis of blockchain technology, the organic combination of RWA and shipping logistics, and the underlying operation logic.
Talking about the opportunities and challenges brought by blockchain technology and token issuance to the shipping logistics industry, experts agreed that Hong Kong is expected to create a vibrant RWA logistics ecosystem in the future, which will bring new growth momentum to the whole industry; however, at the same time, experts think it is also facing a lot of challenges such as complicated regulatory compliance and technical safety and security, which are urgently needed to be tackled by all parties in the industry.
The success of this seminar has provided Tianci with valuable ideas and directions for exploring the integration of RWA and shipping logistics, and has strengthened the company’s determination to continue to plough into this innovative field. Tianci will take this seminar as an opportunity to explore the implementation path of blockchain technology in shipping logistics together with its industry partners, and strive to be at the forefront of token issuance application practice in the industry.
Tianci firmly believes that, with the continuous maturity of the technology, the in-depth fusion of blockchain technology and RWA and shipping logistics will bring about a brand-new change in the industry development, and create a broader market space and value growth.
Media contact Brand Name: Tianci International Contact Person: Marketing Team Email: ir@rqscapital.com Website: tianci-ciit.com
Multi-Billion-Dollar Program With Up To 400 Units Ordered to Modernize Crude Transport Infrastructure
QS Energy, Inc. (OTCQB:QSEP), a leader in crude oil transport technology, has received a major order to deploy its Applied Oil Technology (AOT) across Southeast Asia and Africa. This marks a breakthrough moment for QS Energy and supports global efforts to modernize and decarbonize crude infrastructure.
DELIVERING ON A PROMISE OF INNOVATION AND SUCCESS This initial order of five (5) AOT units launches a broader multi-phase deployment under a government-backed program with VIPS Petroleum. Valued at $25 million with the estimated expected full payment in this quarter, this order kicks off up to a $2 Billion 400-unit framework for South East Asia and Africa. The remaining 395 units will be delivered in milestone-based phases with a 50/25/25 payment structure, ensuring strong cash flow for QS Energy, commencing in Q3 and Q4 2025. AOT’s proven results helped open doors with energy ministries and national oil companies. This deal is made possible by VIPS Petroleum, QS Energy’s exclusive regional distributor contracted in 2024.
Cecil Bond Kyte, CEO of QS Energy, stated: “This order proves our technology’s readiness to transform crude transport. With VIPS and the support of ministries and operators, we’re setting a new global standard for efficiency and sustainability.”
THE TECHNOLOGY TRANSFORMING CRUDE TRANSPORT Independently validated through peer-reviewed studies, field trials, and Temple University testing, AOT tackles one of the industry’s oldest problems-how to move oil more efficiently. Since the days of Rockefeller’s Standard Oil, the sector has battled viscosity, drag, and energy loss. AOT reduces viscosity by 10% or more using electric fields, lowering pump pressure and energy costs. Built for tough, continuous operation, each unit undergoes strict testing to ensure long-term performance.
MADE IN AMERICA, BUILT FOR THE WORLD QS Energy proudly designs and manufactures AOT systems in the U.S., powered by American workers. Our partners include:
ReadyFlo, a turnkey ASME pressure vessel specialist
Forward-MFG, experts in custom electronics and sensors
Their dedication helped make this historic deal possible.
EXPANDING GLOBAL PARTNERSHIPS AND FINANCING This agreement positions Southeast Asia and Africa as leaders in modern crude transport and job creation. The success of this model is driving expansion talks with Australia, the Middle East, and other regions. QS Energy and VIPS Petroleum are finalizing additional deals to replicate this structure and broaden AOT deployment globally.
SECURE IMPLEMENTATION AND COMPLIANCE QS Energy is committed to full transparency through regular updates and strict compliance with U.S., Southeast Asian, and African standards. The program is backed by milestone payments and top-tier financial guarantees, minimizing risk. Lessons from past deployments guide a robust execution plan to ensure every phase meets deadlines and quality benchmarks.
OTHER CONSIDERATIONS QS Energy will earn a share of incremental barrels gained through AOT-enabled flow increases, creating long-term performance-based revenue.
LOOKING AHEAD With deployment underway, QS Energy is focused on accelerating its role in the energy transition. AOT’s cost savings and environmental benefits position it for major global impact.
For further information about QS Energy, Inc., click here and read our SEC filings at https://ir.qsenergy.com/sec-filings. To stay connected, subscribe to Email Alerts at https://ir.qsenergy.com/news/email-alerts to receive Company filings and press releases, and subscribe to our new QS UPDATES email service here to receive timely updates on the Company’s latest news and innovations.
Safe Harbor Statement Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please click here for our complete cautionary forward-looking statement.
About Applied Oil Technology QS Energy’s patented Applied Oil Technology (AOT) is a solid-state turn-key system which uses a high volt / low amp electric field to reduce crude oil viscosity. AOT installs inline on crude oil pipelines, operates unattended without interrupting pipeline flow, with full remote monitoring and control. More information is available online here.
About QS Energy QS Energy, Inc. (OTCQB: QSEP), develops and markets crude oil flow assurance technologies designed to deliver measurable performance improvements to pipeline operations in the midstream and upstream crude oil markets. For further information about QS Energy, Inc., visit www.qsenergy.com.
Tianci International: Empowering Global Logistics and Supply Chain Efficiency. In the era of global trade, Tianci International has been steadily advancing in the shipping logistics industry, achieving remarkable growth and success by leveraging the comprehensive solutions provided by its subsidiary Roshing. These solutions include container transportation and bulk cargo services tailored to meet customer needs in Southeast Asia (Japan, South Korea, Vietnam).
For container transportation, Roshing optimizes cargo hold allocation and designs efficient routes based on product characteristics, time constraints, and cost considerations. This ensures safe, timely delivery while balancing costs and efficiency.
In bulk cargo transportation, Roshing provides specialized services for commodities like ores, coal, and grains. From port reservations to ship leasing, Roshing offers one-stop solutions that reduce costs and improve reliability through market analysis and efficient vessel scheduling.
Media contact Brand Name : Tianci International Contact Person: Marketing Team Email:ir@rqscapital.com Website: tianci-ciit.com
