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.
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