TMD Energy Q2 revenue up 20% YoY to $34.6mln.

• TMD Energy Limited reports 6M2025 financial results • Integrated bunkering services provider • Ship-to-ship fuel transfer, ship management, and vessel chartering services • Change in fiscal year end to June 30 • Aligns with holding company Straits Energy Resources Berhad • Filed transition financial report with SEC • Board of directors approved change in fiscal year end

Kuala Lumpur, Malaysia, September 12, 2025 (GLOBE NEWSWIRE) -- TMD Energy Limited (NYSE AMERICAN: TMDE), a service provider specializing in integrated bunkering services, has reported its financial results for the six-month period ending June 30, 2025. The company's fiscal year end has been changed to June 30 to align with its holding company, Straits Energy Resources Berhad, and a transition report has been filed with the United States Securities and Exchange Commission (SEC).

Key Financial Highlights for 6M2025
- Group revenue was $276.3 million, down 22.7% compared to the same period in 2024, primarily due to a 11.2% decrease in bunkering volumes.
- Gross profit was $4.0 million, with a gross profit margin of 1.4%, compared to 1.6% in the previous year.
- The company recorded a net loss of $4.5 million, mainly due to foreign exchange losses of $1.5 million and higher interest expenses of $2.8 million.

Financial Performance Overview
The decrease in revenue was largely driven by the decline in bunkering services, which accounted for over 99% of TMDEL’s revenue. The volume of oil cargo bunkered decreased by approximately 11.2% due to the tariff crisis and weaker global economic conditions. The gross profit margin decreased by 0.2% to 1.4% due to higher operational expenses in oil bunkering services.

Strategic Business Expansion
Despite the challenges, TMDEL has been expanding its business portfolio. The company is the first Malaysian industry player to achieve International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier and trader. This certification underscores TMDEL’s leadership in supporting the maritime industry’s transition to low-carbon shipping. Additionally, TMDEL has announced a strategic expansion into oil waste collection and entered into a Memorandum of Agreement with a certified bioenergy firm to explore opportunities in the EU and Asia markets.

Looking Ahead
TMDEL aims to optimize fleet deployment, expand its portfolio of high-margin ship-management contracts, and accelerate cost efficiencies through digital tools and automation. The company is also evaluating a prudent FX-hedging program and advancing its sustainability decarbonization roadmap.