Quarterly ResultJun 29, 2026, 04:30 PM
TMD Energy H1 FY2026 Revenue Down 22.5% to $247.6M; Net Loss $8.5M
AI Summary
TMD Energy Ltd reported unaudited financial results for the first half of fiscal year 2026, showing a significant downturn. Total revenues decreased by 22.5% to $247.6 million, while gross profit plummeted by 93.8% to $0.7 million. The company recorded a net loss of $8.5 million, a substantial decline from a net income of $0.9 million in the prior-year period. Management cited geopolitical uncertainties, tariff tensions, and softer global trade as key challenges, but highlighted an extended partnership for sustainable biofuels.
Key Highlights
- Total revenues decreased by 22.5% to $247.6 million for H1 FY2026.
- Gross profit declined by 93.8% to $0.7 million, with a 0.3% margin.
- Net loss was $8.5 million, compared to a net income of $0.9 million in prior year.
- Sales volume decreased by 10.1% to 516,676 metric tons.
- Bunkering services revenue decreased by 22.6% to $247.1 million.
- Ship management services revenue increased by 13.1% to $0.5 million.
- Extended partnership with Double Corporate Sdn Bhd for waste-based biofuels.
Price Impact
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