TMD Energy Ltd. Reports 2024 Net Income Down 30.9% to $2.0 Million; Total Comprehensive Income Falls 52.1%

Reuters
09/29
TMD <a href="https://laohu8.com/S/92E.AU">Energy Ltd</a>. Reports 2024 Net Income Down 30.9% to $2.0 Million; Total Comprehensive Income Falls 52.1%

TMD Energy Ltd. has released its annual results for the fiscal year ending June 30, 2025. The company reported a total comprehensive loss of $4.62 million for the most recent period, compared to a total comprehensive income of $879,000 in the previous period, reflecting a decrease of $5.5 million. For the six months ended June 30, net loss stood at $4.52 million, compared to net income of $1.13 million in the prior period. Foreign currency translation adjustments resulted in a loss of $96,000, compared to a loss of $248,000 previously. For the year ended December 31, 2024, net income was $2.05 million, down from $2.96 million in the previous year, representing a decrease of $914,000 or 30.9%. Net income attributable to controlling interest was $1.88 million, compared to $2 million previously, a decrease of 6%. Foreign currency translation adjustments for the year totaled $276,000, down from $1.89 million in the previous year, a decrease of $1.61 million or 85.4%. Total comprehensive income for the year ended December 31, 2024, was $2.32 million, compared to $4.85 million in the previous year, a reduction of $2.53 million or 52.1%. TMD Energy Ltd.'s revenue is derived from bunkering services, vessel chartering services, and ship management services. No specific outlook or guidance was disclosed in the results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TMD Energy Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-015877), on September 29, 2025, and is solely responsible for the information contained therein.

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