PTL Ltd
PTLE · Wholesale-Petroleum & Petroleum Products (No Bulk Stations) · EDGAR filings ↗
Grade
D47Hong Kong marine-fuel trader with razor-thin margins, sharply falling revenue and a loss year.
Strengths
- Current ratio 2.60 (66th pct) provides near-term liquidity
- Modest improvement vs prior year's larger credit-loss-driven loss
Risks
- Gross margin 1.3% (5th pct) and net loss; revenue fell 27% (8th pct)
- Negative ROA/ROE (-10%/-13%) and deeply negative operating cash margin
- HK/PRC governance and concentrated single-market (Hong Kong) exposure
Notable findings
- Net lossNet loss (net margin -1.6%)
- Customer concentration~100% of revenue from one customer/distributor — 0 % $ 100,190,534 100
- Revenue declineRevenue -27.0% YoY
Key metrics
Gross margin
1.3%
Operating margin
-0.6%
Net margin
-1.6%
Return on equity
-13.3%
Return on assets
-9.7%
Revenue growth (QoQ)
-27.0%
Current ratio
2.6×
Tangible book value
$9M
Stock comp / revenue
1.3%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050289 ↗ |
| 20-F | 2025-05-15 | 2024-12-31 | 0001213900-25-044282 ↗ |