Company overview

Delixy Holdings Limited operates through its Singapore subsidiary, Delixy Energy Pte. Ltd. It buys oil from producers, refineries and other suppliers to supply refineries, trading companies, wholesalers and businesses that blend oil products. Crude oil provides most revenue, while oil-based products supply a substantial remainder. Most sales go to customers in East Asia.

The company generally agrees terms with a customer before placing a matching supplier order. Where possible, it adds a markup to its purchase cost, though customer prices may be fixed or linked to market prices at delivery. It also sometimes buys ahead of customer orders to resell smaller lots or benefit from price differences over time. It cannot always match purchases to sales or pass higher costs on to customers.

The business relies on a small group of key customers and suppliers; its largest customers together provide most revenue. Customers order case by case, without long-term agreements or minimum purchases. Delixy generally pays suppliers immediately but lets customers pay later, using its own funds and short-term bank facilities to bridge the gap. Continued orders, reliable supply and timely customer payments are central to keeping this trading cycle running.