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TMD Energy Limited Reports Financial Results for Six Months Transition Period Ended June 30, 2025
TMDE
Earnings
Demand Weakening
New Projects/Investments
- TMD Energy Limited reported a net loss of $4.5 million for the six months transition period ended June 30, 2025 (6M2025), a significant decrease from a net income of $1.1 million in the comparable period of 2024.
- Revenue declined by 22.7% to $276.3 million in 6M2025, primarily driven by an 11.2% fall in bunkering volumes due to global economic challenges and a tariff crisis.
- The company's gross profit margin narrowed to 1.4% in 6M2025 from 1.6% in 6M2024, impacted by higher operational expenses, $1.5 million in foreign exchange losses, and $2.8 million in increased interest expenses.
- TMD Energy Limited is strategically expanding into sustainable energy solutions, having achieved International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier and trader, and initiated oil waste collection services to diversify revenue streams.
Sep 29, 2025, 12:15 PM
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