Delixy Holdings Ltd

Delixy Holdings Ltd is a holding company that conducts its operations through its Singapore subsidiary, Delixy Energy Pte. Ltd., primarily engaging in the trading of oil-related products. The company's business is broadly categorized into two segments: crude oil and oil-based products. Oil-based products include naphtha, motor gasoline, gas oil, fuel oil, asphalt, base oil, and other petrochemicals. Delixy Holdings Ltd trades its products across multiple countries in Southeast Asia, East Asia, and the Middle East. For the financial years ended December 31, 2024 and 2025, the company's total trading revenue decreased by 2.3% from US$314,916,000 to US$307,747,000, respectively. Crude oil trading is a core part of the business, representing 53.8% and 59.3% of total trading revenue for the financial years ended December 31, 2024 and 2025, respectively. Trading in various oil-based products accounted for the remaining 46.2% and 40.7% of total trading revenue for the same periods. The company typically uses back-to-back agreements with suppliers after customer purchase terms are agreed upon to manage exposure and trading risks. It may also use swap agreements or trade in oil and oil-based product derivatives for hedging. Delixy Holdings Ltd provides value-added services to customers, including recommending optimal trading strategies and offering shipping and logistical support when needed.