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Delixy Holdings Limited Reports Fiscal Year 2025 Financial Performance

Delixy Holdings Limited, listed on Nasdaq under the ticker DLXY, has announced its financial results for the fiscal year that ended on December 31, 2025. The Singapore-based company, notably involved in the trading of oil-related products, experienced a decline in revenue compared to the previous year.

Key Financial Highlights of FY 2025

• - Revenue: Reported at $307.7 million, a drop from $314.9 million in FY 2024.
• - Gross Profit: Fell to $2.5 million from $4.3 million in FY 2024.
• - Net Loss: A significant net loss of $4.5 million compared to a net income of $1.0 million the previous year.
• - Earnings Per Share: Basic and diluted loss per share for FY 2025 was $0.29, contrasting starkly with a gain of $0.07 in FY 2024.

Mr. Dongjian Xie, the Executive Chairman and CEO of Delixy, offered insights into the company’s performance amidst challenging market conditions. He noted that the softer pricing in the global oil market contributed to the decrease in revenue. Yet, Delixy showcased a remarkable operational performance with total trading volume increasing by 13.9%, reaching 4,373 kBBLs in FY 2025. The rise in cargo volume indicates the strengthening trust from customers and counterparties, which is pivotal in such a competitive market.

Operational Insights

Delixy Energy Pte Ltd, the company’s main oil trading subsidiary, recorded a net profit of approximately $0.9 million for FY 2025, highlighting the healthy profitability of its core trading operations despite consolidated losses. The financial results were majorly influenced by consulting and advisory fees totaling $4.9 million incurred by the holding company. Xie explained that these fees were part of strategic efforts to enhance the company's portfolio and market position following its public transition and should not be viewed as an ongoing trend in operational costs.

Strategic Roadmap Ahead

Looking forward, Delixy is committed to diversifying its product offerings further. The company is making steady strides towards entering the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) markets to better adapt to the evolving global energy landscape. Xie emphasized that expanding the product portfolio will help Delixy capture emerging opportunities and stabilize revenue streams in a fluctuating market.

In addition to these efforts, the management underlines its commitment to maintaining supply chain resilience, ensuring the consistent delivery of products and services. Delixy aims to achieve sustainable growth while upholding operational discipline. Xie’s confidence in steering the company towards a brighter future reflects a robust strategy to strengthen its market presence and deliver long-term value for shareholders.

Detailed Financial Analysis

• - Revenue Breakdown: Revenue from crude oil increased to $182.6 million, while revenue from oil-based products decreased to $125.1 million. Despite a rise in crude oil sales volume, lower average selling prices affected total earnings.
• - Cost Trends: Total cost of revenue was $305.2 million in FY 2025, down from $310.6 million in FY 2024, largely due to lower procurement costs, even as trading volumes rose.
• - General and Administrative Expenses: This category increased significantly to $7.1 million in 2025, primarily due to consulting fees aimed at business growth.

Financial Condition as of December 31, 2025

As of the end of FY 2025, Delixy reported cash and cash equivalents of $1.8 million, down from $3.3 million in the previous financial year. The net cash used in operating activities was $5.2 million, a decline from a positive cash flow of $0.6 million in FY 2024. In financing activities, the company saw a provision of $3.5 million, reversing the previous year's cash outflow.

Delixy Holdings Limited, through its strategic maneuvers and commitment to product diversification, is positioning itself to adapt to the volatile energy market while striving to enhance profitability and deliver sustainable growth. For more insights and financial disclosures, visit Delixy Holdings Limited.