TMD Energy Reports 22.7% Revenue Decline, Net Loss of $4.5 Million for 6M2025

TMD Energy Limited reported a 22.7% decrease in revenue to $276.3 million for the six months ended June 30, 2025, due to a 11.2% decline in bunkering volumes. Gross profit margin fell to 1.4%, and the company recorded a net loss of $4.5 million, compared to a net income of $1.1 million in the same period last year. The decline in revenue and profitability was attributed to the tariff crisis and its impact on global shipping schedules and demand for marine fuel.

Kuala Lumpur, Malaysia, September 12, 2025 – TMD Energy Limited (TMDE) has reported a significant decline in its financial performance for the six months ended June 30, 2025. The company's revenue decreased by 22.7% to $276.3 million, primarily due to a 11.2% drop in bunkering volumes TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025^[1].

The decrease in revenue was largely attributed to the tariff crisis, which disrupted global shipping schedules and reduced demand for marine fuel. The tariff crisis, combined with weaker global consumption and softer economic growth, led to a decline in oil cargo bunkered, from 578,614 metric tons in 6M2024 to 514,025 metric tons in 6M2025 TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025^[1].

Gross profit margin also decreased by 0.2% to 1.4% for the 6M2025 period, largely due to higher operational expenses in oil bunkering services. The company recorded a net loss of $4.5 million, compared to a net income of $1.1 million in the same period last year. The net loss was primarily driven by foreign exchange losses of $1.5 million and higher interest expenses of $2.8 million TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025^[1].

Dato’ Sri Kam Choy Ho, Director and Chief Executive Officer of the Company, commented on the results, stating that the company 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, including the transition to lower-carbon marine fuels and bioenergy segment TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025^[1].

In addition to its financial results, TMD Energy Limited has been actively expanding its business into sustainable energy solutions. The company has achieved International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier and trader, and has entered into strategic collaborations to explore the EU and Asia market for sustainable and alternative fuel energy sectors TMD Energy Limited Reports Its Financial Results for the Six Months Transition Period Ended June 30, 2025^[1].