Delixy Holdings Ltd

Delixy Energy Pte. Ltd. is a holding company incorporated in the Cayman Islands that conducts its operations in Singapore through its operating subsidiary, Delixy Energy Pte. Ltd. The company is primarily involved in trading oil-related products, which include crude oil and various oil-based products such as naphtha, motor gasoline, gas oil, fuel oil, asphalt, base oil, and other petrochemicals. Delixy Energy Pte. Ltd. trades these products across multiple countries in Southeast Asia, East Asia, and the Middle East, where it has established a presence in the oil trading markets. Crude oil trading is a core part of the business, accounting for a significant portion of revenue. For the financial years ended December 31, 2024 and 2025, crude oil trading represented 53.8% and 59.3% of total trading revenue, respectively. Trading in other oil-based products made up the remaining 46.2% and 40.7% of total trading revenue for the same periods. The company's total trading revenue decreased by 2.3% from US$314,916,000 in 2024 to US$307,747,000 in 2025. Delixy Energy Pte. Ltd. typically uses back-to-back agreements with suppliers after customer terms are agreed upon to reduce exposure and trading risks. The company may also use swap agreements or trade in oil and oil-based product derivatives to hedge positions. It provides value-added services to customers, including recommending optimal trading strategies and offering shipping and logistical support.