Core Viewpoint - TMD Energy Limited reported a significant decline in revenue and net loss for the six-month transition period ending June 30, 2025, primarily due to challenges in the bunkering service segment and broader economic disruptions [1][3][6]. Financial Performance Overview - The company generated total revenue of $276.3 million for 6M2025, a decrease of 22.7% or $81.2 million compared to $357.5 million in 6M2024, largely attributed to a decline in bunkering service sales [3][8]. - The volume of oil cargo bunkered fell by approximately 11.2%, from 578,614 metric tons in 6M2024 to 514,025 metric tons in 6M2025, due to a tariff crisis and weaker global consumption [3][8]. - Gross profit margin decreased by 0.2% to 1.4% for 6M2025, down from 1.6% in 6M2024, primarily due to higher operational expenses in oil bunkering services [4][8]. - The company recorded a net loss of $4.5 million for 6M2025, compared to a net income of $1.1 million in 6M2024, influenced by foreign exchange losses and increased interest expenses [5][8]. Strategic Business Expansion - The company aims to optimize fleet deployment and expand its portfolio of high-margin ship-management contracts while enhancing cost efficiencies through digital tools and automation [7]. - TMDEL achieved International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier, reinforcing its commitment to low-carbon shipping and compliance with EU sustainability standards [9]. - The company announced a strategic expansion into oil waste collection, aiming to diversify revenue streams by processing sludge oil and used cooking oil into biodiesel [10]. - A Memorandum of Agreement was signed with a Malaysian bioenergy firm to explore collaboration in the EU and Asia markets, marking a step towards expanding into sustainable fuel energy sectors [11].
TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025