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African Private Sector Leaders Convene in Addis Ababa to Unlock Capital and Scale SDG Delivery

By
Advertorial Desk
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ADDIS ABABA, Ethiopia, May 1, 2026 /PRNewswire/ — African business leaders, investors and policymakers have called for a step change in how private capital is mobilised and deployed across the continent, as the UN Global Compact, in partnership with the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), convened a high-level Private Sector Forum on 27 April in Addis Ababa.

Held on the margins of the 12th Africa Regional Forum on Sustainable Development (ARFSD-12), the Forum brought together senior decision-makers to move beyond commitments and accelerate the flow of capital into bankable, scalable projects aligned with the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.

Under the theme “Forward Faster: Scaling Private Sector Partnerships to Accelerate the SDGs in Africa,” discussions focused on closing the persistent gap between capital availability and project execution, one of the central barriers to sustainable development across the continent.

The Forum identified five priority areas where coordinated action between business, finance and government can deliver rapid, system-level impact: water and sanitation infrastructure, affordable and reliable energy, sustainable urban development, industrial value chains and the expansion of blended finance mechanisms to crowd in private investment.

Dr Hervé Lado, Africa Head at the UN Global Compact, said: “Africa does not lack capital, it lacks the conditions to deploy it at scale. What we heard clearly in Addis Ababa is that businesses are ready to lead, but they need to structure more bankable pipelines, with credible partnerships, and most importantly to catalyze enabling policy environments with governments. Through Forward Faster, we are helping companies turn ambition into measurable action and ensuring that private capital flows to where it can accelerate the SDGs by delivering the greatest impact for people and planet.”

A central highlight of the programme was a fireside discussion featuring Mr Deribe Asfaw, CEO of the Cooperative Bank of Oromia (CoopBank). Mr Asfaw provided a practical blueprint for how African financial institutions can bridge last-mile financing gaps by leveraging digital innovation to support micro, small and medium-sized enterprises (MSMEs). Reflecting on the success of the bank’s impact-driven models, he stated: “Our alignment with the SDGs is not a policy decision; it is who we are. For example, using blended finance, we developed Michu, a digital, uncollateralised lending platform which uses data for credit scoring, provides instant access to finance and targets MSMEs and underserved customers across trade, services (finance, health, transport and tourism), manufacturing, construction and agriculture. The platform has disbursed over ETB 52 billion (USD 400 million) to nearly 3 million customers, achieving 80% youth and 80% women inclusion, creating approximately 2.7 million jobs, and therefore serving directly over 10 SDGs.”

Roundtable discussions addressed the structural bottlenecks that continue to constrain investment, including project preparation gaps and perceived market risks. Participants explored success stories from across the continent, focusing on risk-sharing instruments and regional project aggregation models designed to build robust pipelines of investable opportunities.

Closing the forum with a call for deeper institutional integration, Ms Ngone Diop, Director of the ECA Sub-Regional Office for West Africa, emphasised that the private sector’s role extends far beyond capital provision to being a primary driver of industrial transformation.

“Africa’s development ambitions are clear, but the scale of financing, innovation and delivery required cannot be met by public resources alone. The private sector is not only a source of capital. It is a driver of jobs, technology, value chains, industrial transformation and practical solutions in the sectors that matter most to our people: energy, water, infrastructure, cities, agriculture, finance, digital innovation and enterprise growth. The Private Sector Forum has therefore been designed to move us from conversation to action. Let us identify where capital can move, where partnerships can deliver and where policy and financing can work together to accelerate progress on the SDGs. Let us be innovative, practical, yet ambitious,” she noted.

The outcomes of the Forum informed directly intergovernmental deliberations at ARFSD-12 and will feed into global discussions at the upcoming High-Level Political Forum, reinforcing the central role of the private sector in delivering sustainable development.

The Forum concluded with a clear message: Africa’s development trajectory will be shaped by its ability to mobilise private capital at scale and deploy it efficiently. With public resources under increasing pressure, partnerships between governments, businesses and development institutions are no longer optional but essential.

Through its Forward Faster initiative, the UN Global Compact continues to support companies in building capacities, setting ambitious targets, strengthening accountability and scaling solutions across markets. By aligning capital, policy and partnerships, the initiative aims to ensure that sustainable development in Africa is not only achievable, but investable.

About the UN Global Compact
As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our vision is clear: to mobilize business to transform sustainability ambition into action at the scale the world demands. With more than 25,000 participants and a presence in over 100 countries through 5 Regional Hubs and more than 70 Country Networks and expansion territories, the UN Global Compact is the world’s largest corporate sustainability initiative.

African Private Sector Leaders Convene in Addis Ababa to Unlock Capital and Scale SDG Delivery

By
Advertorial Desk
-

ADDIS ABABA, Ethiopia, May 1, 2026 /PRNewswire/ — African business leaders, investors and policymakers have called for a step change in how private capital is mobilised and deployed across the continent, as the UN Global Compact, in partnership with the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), convened a high-level Private Sector Forum on 27 April in Addis Ababa.

Held on the margins of the 12th Africa Regional Forum on Sustainable Development (ARFSD-12), the Forum brought together senior decision-makers to move beyond commitments and accelerate the flow of capital into bankable, scalable projects aligned with the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.

Under the theme “Forward Faster: Scaling Private Sector Partnerships to Accelerate the SDGs in Africa,” discussions focused on closing the persistent gap between capital availability and project execution, one of the central barriers to sustainable development across the continent.

The Forum identified five priority areas where coordinated action between business, finance and government can deliver rapid, system-level impact: water and sanitation infrastructure, affordable and reliable energy, sustainable urban development, industrial value chains and the expansion of blended finance mechanisms to crowd in private investment.

Dr Hervé Lado, Africa Head at the UN Global Compact, said: “Africa does not lack capital, it lacks the conditions to deploy it at scale. What we heard clearly in Addis Ababa is that businesses are ready to lead, but they need to structure more bankable pipelines, with credible partnerships, and most importantly to catalyze enabling policy environments with governments. Through Forward Faster, we are helping companies turn ambition into measurable action and ensuring that private capital flows to where it can accelerate the SDGs by delivering the greatest impact for people and planet.”

A central highlight of the programme was a fireside discussion featuring Mr Deribe Asfaw, CEO of the Cooperative Bank of Oromia (CoopBank). Mr Asfaw provided a practical blueprint for how African financial institutions can bridge last-mile financing gaps by leveraging digital innovation to support micro, small and medium-sized enterprises (MSMEs). Reflecting on the success of the bank’s impact-driven models, he stated: “Our alignment with the SDGs is not a policy decision; it is who we are. For example, using blended finance, we developed Michu, a digital, uncollateralised lending platform which uses data for credit scoring, provides instant access to finance and targets MSMEs and underserved customers across trade, services (finance, health, transport and tourism), manufacturing, construction and agriculture. The platform has disbursed over ETB 52 billion (USD 400 million) to nearly 3 million customers, achieving 80% youth and 80% women inclusion, creating approximately 2.7 million jobs, and therefore serving directly over 10 SDGs.”

Roundtable discussions addressed the structural bottlenecks that continue to constrain investment, including project preparation gaps and perceived market risks. Participants explored success stories from across the continent, focusing on risk-sharing instruments and regional project aggregation models designed to build robust pipelines of investable opportunities.

Closing the forum with a call for deeper institutional integration, Ms Ngone Diop, Director of the ECA Sub-Regional Office for West Africa, emphasised that the private sector’s role extends far beyond capital provision to being a primary driver of industrial transformation.

“Africa’s development ambitions are clear, but the scale of financing, innovation and delivery required cannot be met by public resources alone. The private sector is not only a source of capital. It is a driver of jobs, technology, value chains, industrial transformation and practical solutions in the sectors that matter most to our people: energy, water, infrastructure, cities, agriculture, finance, digital innovation and enterprise growth. The Private Sector Forum has therefore been designed to move us from conversation to action. Let us identify where capital can move, where partnerships can deliver and where policy and financing can work together to accelerate progress on the SDGs. Let us be innovative, practical, yet ambitious,” she noted.

The outcomes of the Forum informed directly intergovernmental deliberations at ARFSD-12 and will feed into global discussions at the upcoming High-Level Political Forum, reinforcing the central role of the private sector in delivering sustainable development.

The Forum concluded with a clear message: Africa’s development trajectory will be shaped by its ability to mobilise private capital at scale and deploy it efficiently. With public resources under increasing pressure, partnerships between governments, businesses and development institutions are no longer optional but essential.

Through its Forward Faster initiative, the UN Global Compact continues to support companies in building capacities, setting ambitious targets, strengthening accountability and scaling solutions across markets. By aligning capital, policy and partnerships, the initiative aims to ensure that sustainable development in Africa is not only achievable, but investable.

About the UN Global Compact
As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our vision is clear: to mobilize business to transform sustainability ambition into action at the scale the world demands. With more than 25,000 participants and a presence in over 100 countries through 5 Regional Hubs and more than 70 Country Networks and expansion territories, the UN Global Compact is the world’s largest corporate sustainability initiative.

African Private Sector Leaders Convene in Addis Ababa to Unlock Capital and Scale SDG Delivery

By
Advertorial Desk
-

ADDIS ABABA, Ethiopia, May 1, 2026 /PRNewswire/ — African business leaders, investors and policymakers have called for a step change in how private capital is mobilised and deployed across the continent, as the UN Global Compact, in partnership with the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), convened a high-level Private Sector Forum on 27 April in Addis Ababa.

Held on the margins of the 12th Africa Regional Forum on Sustainable Development (ARFSD-12), the Forum brought together senior decision-makers to move beyond commitments and accelerate the flow of capital into bankable, scalable projects aligned with the Sustainable Development Goals (SDGs) and Africa’s Agenda 2063.

Under the theme “Forward Faster: Scaling Private Sector Partnerships to Accelerate the SDGs in Africa,” discussions focused on closing the persistent gap between capital availability and project execution, one of the central barriers to sustainable development across the continent.

The Forum identified five priority areas where coordinated action between business, finance and government can deliver rapid, system-level impact: water and sanitation infrastructure, affordable and reliable energy, sustainable urban development, industrial value chains and the expansion of blended finance mechanisms to crowd in private investment.

Dr Hervé Lado, Africa Head at the UN Global Compact, said: “Africa does not lack capital, it lacks the conditions to deploy it at scale. What we heard clearly in Addis Ababa is that businesses are ready to lead, but they need to structure more bankable pipelines, with credible partnerships, and most importantly to catalyze enabling policy environments with governments. Through Forward Faster, we are helping companies turn ambition into measurable action and ensuring that private capital flows to where it can accelerate the SDGs by delivering the greatest impact for people and planet.”

A central highlight of the programme was a fireside discussion featuring Mr Deribe Asfaw, CEO of the Cooperative Bank of Oromia (CoopBank). Mr Asfaw provided a practical blueprint for how African financial institutions can bridge last-mile financing gaps by leveraging digital innovation to support micro, small and medium-sized enterprises (MSMEs). Reflecting on the success of the bank’s impact-driven models, he stated: “Our alignment with the SDGs is not a policy decision; it is who we are. For example, using blended finance, we developed Michu, a digital, uncollateralised lending platform which uses data for credit scoring, provides instant access to finance and targets MSMEs and underserved customers across trade, services (finance, health, transport and tourism), manufacturing, construction and agriculture. The platform has disbursed over ETB 52 billion (USD 400 million) to nearly 3 million customers, achieving 80% youth and 80% women inclusion, creating approximately 2.7 million jobs, and therefore serving directly over 10 SDGs.”

Roundtable discussions addressed the structural bottlenecks that continue to constrain investment, including project preparation gaps and perceived market risks. Participants explored success stories from across the continent, focusing on risk-sharing instruments and regional project aggregation models designed to build robust pipelines of investable opportunities.

Closing the forum with a call for deeper institutional integration, Ms Ngone Diop, Director of the ECA Sub-Regional Office for West Africa, emphasised that the private sector’s role extends far beyond capital provision to being a primary driver of industrial transformation.

“Africa’s development ambitions are clear, but the scale of financing, innovation and delivery required cannot be met by public resources alone. The private sector is not only a source of capital. It is a driver of jobs, technology, value chains, industrial transformation and practical solutions in the sectors that matter most to our people: energy, water, infrastructure, cities, agriculture, finance, digital innovation and enterprise growth. The Private Sector Forum has therefore been designed to move us from conversation to action. Let us identify where capital can move, where partnerships can deliver and where policy and financing can work together to accelerate progress on the SDGs. Let us be innovative, practical, yet ambitious,” she noted.

The outcomes of the Forum informed directly intergovernmental deliberations at ARFSD-12 and will feed into global discussions at the upcoming High-Level Political Forum, reinforcing the central role of the private sector in delivering sustainable development.

The Forum concluded with a clear message: Africa’s development trajectory will be shaped by its ability to mobilise private capital at scale and deploy it efficiently. With public resources under increasing pressure, partnerships between governments, businesses and development institutions are no longer optional but essential.

Through its Forward Faster initiative, the UN Global Compact continues to support companies in building capacities, setting ambitious targets, strengthening accountability and scaling solutions across markets. By aligning capital, policy and partnerships, the initiative aims to ensure that sustainable development in Africa is not only achievable, but investable.

About the UN Global Compact
As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our vision is clear: to mobilize business to transform sustainability ambition into action at the scale the world demands. With more than 25,000 participants and a presence in over 100 countries through 5 Regional Hubs and more than 70 Country Networks and expansion territories, the UN Global Compact is the world’s largest corporate sustainability initiative.

Nelnet Business Services Acquires Passtab Safety and Compliance Platform

By
Advertorial Desk
-

LINCOLN, Neb., May 1, 2026 /PRNewswire/ — Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), announced it has acquired Australia‑based Invision Digital Pty Ltd, the owner of the Passtab, Resitab, and Entrytab brands. Passtab, a leading school visitor, contractor, and compliance management platform, and the additional brands will operate within the Nelnet International business line, expanding Nelnet’s global education technology offerings.

The acquisition further strengthens Nelnet International’s ability to serve school communities with solutions that enhance safety, streamline front‑office operations, and support increasingly complex compliance requirements. Passtab is used by thousands of schools across Australia, New Zealand, and the United Kingdom and is widely recognized for its configurable, cloud‑based approach to visitor management and emergency readiness.

“Passtab is a highly respected brand in the education sector, with strong customer relationships and deep domain expertise,” said David Heffernan, managing director of Nelnet International. “The team’s experience and commitment to schools will be a real asset as Passtab becomes part of the broader offerings available within the Nelnet International portfolio of businesses.”

Heffernan said the acquisition aligns with Nelnet’s long‑term investment strategy.

“This acquisition reflects our ongoing commitment to investing in high‑quality education technology that adds value to the core platforms used by our customers across the world,” he said.

Laura Hunt, general manager for Passtab, said, “Joining Nelnet International is a natural evolution for Passtab. Their commitment to a best-in-class Student Information System (SIS) ecosystem provides the ideal environment for us to mature and scale. We look forward to leveraging this broader infrastructure to strengthen our services and make an even bigger difference for schools and other organizations.”

In addition to being a natural business complement, Nelnet International also noted the alignment with its mission.

“What stood out to us about Passtab wasn’t just the strength of the products, but the people behind them,” said Wendy Demarte, Nelnet International director. “They’ve built a capable and deeply committed team with a thorough understanding of K-12 schools.”

She added that the acquisition creates new opportunities for schools globally.

“We’re genuinely excited about what this means for schools,” Demarte said. “Bringing Passtab into Nelnet International gives us the opportunity to better support safer, more efficient and more confident day‑to‑day operations for school communities.”

About Invision Digital Pty Ltd

Invision Digital Pty Ltd is the owner of the Passtab, Resitab, and Entrytab brands. Passtab is a leading school visitor, contractor and compliance management platform that helps schools strengthen safety, streamline front‑office operations and meet increasingly complex regulatory requirements. Used by thousands of schools across Australia, New Zealand, and the UK, Passtab provides a modern, cloud‑based solution for visitor sign‑in, contractor and volunteer compliance, emergency management and first‑aid reporting. Its highly configurable platform integrates with major student information systems, enabling schools to manage safety, compliance and administration through a single, intuitive system.

About Nelnet Business Services

Nelnet Business Services (NBS) is a division of Nelnet, Inc. (NYSE: NNI), which provides payment technology and community management solutions for K-12 schools, higher education institutions, and businesses in the U.S. and internationally. NBS serves more than 1,200 higher education institutions and nearly 12,000 K-12 schools worldwide.

CNFinance Files Annual Report on Form 20-F for Fiscal Year 2025

By
Advertorial Desk
-

GUANGZHOU, China, May 1, 2026 /PRNewswire/ — CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2026.

The annual report can be accessed on the Company’s investor relations website at http://ir.cashchina.cn as well as the SEC’s website at http://www.sec.gov. 

The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@cashchina.cn. 

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”) is a leading home equity loan service provider in China. CNFinance, through its operating subsidiaries in China, conducts business by connecting demands and supplies through collaborating with sales partners and trust companies under the trust lending model, and sales partners, local channel partners and commercial banks under the commercial bank partnership model. Sales partners and local channel partners are responsible for recommending micro- and small-enterprise (“MSE”) owners with financing needs to the Company and the Company introduces eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. The Company’s primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China. The Company’s risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

CNFinance Files Annual Report on Form 20-F for Fiscal Year 2025

By
Advertorial Desk
-

GUANGZHOU, China, May 1, 2026 /PRNewswire/ — CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”), a leading home equity loan service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2026.

The annual report can be accessed on the Company’s investor relations website at http://ir.cashchina.cn as well as the SEC’s website at http://www.sec.gov. 

The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@cashchina.cn. 

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) (“CNFinance” or the “Company”) is a leading home equity loan service provider in China. CNFinance, through its operating subsidiaries in China, conducts business by connecting demands and supplies through collaborating with sales partners and trust companies under the trust lending model, and sales partners, local channel partners and commercial banks under the commercial bank partnership model. Sales partners and local channel partners are responsible for recommending micro- and small-enterprise (“MSE”) owners with financing needs to the Company and the Company introduces eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. The Company’s primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China. The Company’s risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

Delixy Holdings Limited Reports Fiscal Year 2025 Financial Results

By
Advertorial Desk
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SINGAPORE, May 1, 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: ir@delixy.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

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 US$0.000005, 100,000,000,000 shares
   authorized, 16,350,000 shares issued*

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
shares surrendered by its existing shareholders.

**

— Denotes amount less than US$1,000.

 

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME/(LOSS)
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

Financial Years ended
December 31,

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
   Basic and diluted*

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
shares surrendered by its existing shareholders.

 

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOW
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

Financial Years ended
December 31,

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 US$1,000.

 

Delixy Holdings Limited Reports Fiscal Year 2025 Financial Results

By
Advertorial Desk
-

SINGAPORE, May 1, 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: ir@delixy.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

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 US$0.000005, 100,000,000,000 shares
   authorized, 16,350,000 shares issued*

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
shares surrendered by its existing shareholders.

**

— Denotes amount less than US$1,000.

 

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME/(LOSS)
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

Financial Years ended
December 31,

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
   Basic and diluted*

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
shares surrendered by its existing shareholders.

 

 

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOW
(Amount in USD thousands, except for Share and per Share data, or otherwise noted)

Financial Years ended
December 31,

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 US$1,000.

 

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