Earnings ·
TMD Energy posts $19.1M net loss for FY2026 as revenues drop 10.2% to $545M
TMDETMD Energy Ltd
TMD Energy Limited reported a net loss of approximately $19.1 million for the fiscal year ended June 30, 2026, widening from a $3.6 million loss in the prior year. Total revenues declined by 10.2% to $545.0 million, driven by lower bunkering volumes amid tariff-related trade disruptions and geopolitical uncertainty. Gross profit fell sharply by 79.3% to $3.1 million, resulting in a gross margin of just 0.57%. The company cited softer demand, volatile oil prices, and rising operational costs as key headwinds. TMD Energy Limited is a Malaysia- and Singapore-based provider of integrated marine fuel bunkering services, ship management, and vessel chartering.