TMD Energy Limited Reports Its Audited Financial Results for the Fiscal Year Ended June 30, 2026
Key Highlights
- ➤FY2026 revenue $545.0 million, down 10.2% year over year
- ➤Gross profit $3.1 million, down 79.3%, with 0.57% margin
- ➤FY2026 net loss $19.1 million, versus $3.6 million previously
- ➤General and administrative expenses increased 76.4% to approximately $10.4 million
- ➤TMDEL operates across 19 Malaysian ports with 15 bunkering vessels
Expert Statements
Dato' Sri Kam Choy Ho, Executive Director and Chief Executive Officer of TMD Energy Limited
“For the fiscal year ended June 30, 2026, we operated amid a highly challenging environment shaped by lingering geopolitical uncertainty, tariff frictions, volatility in oil price, subdued global trade activity and intense market competition. These factors affect global shipping activity, volume of oil cargo bunkered, and constrained our ability to preserve pricing spread. In response to these challenges, we have been strengthening collaboration with our key service providers and exploring alternative sourcing and supply chain options to enhance resilience and operational continuity. Moreover, we have intensified our marketing efforts, to expand our customer base and promote our products and services to prospective clients.”
Dato' Sri Kam Choy Ho, Executive Director and Chief Executive Officer of TMD Energy Limited
“Looking forward, we will continue to monitor developments closely and adapt our business strategy as needed to maintain operational stability and financial performance. We maintain confidence in our ability to create sustainable long-term value for shareholders and customers worldwide.”
KUALA LUMPUR, MALAYSIA, Oct. 29, 2026 (GLOBE NEWSWIRE) -- TMD Energy Limited (“TMDEL” or the “Company”) (NYSE American: TMDE), together with its subsidiaries (the “Group” or “TMDEL Group”), a Malaysia and Singapore based services provider engaged in integrated bunkering services, which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today announced its audited financial results for the fiscal year ended June 30, 2026 (“FY2026”).
Fiscal Year 2026 Financial and Operational Metrics * Total Revenues: Total revenues decreased by 10.2% to approximately $545.0 million for the fiscal year ended June 30, 2026 compared to approximately $606.7 million for the unaudited fiscal year ended June 30, 2025. * Sales Volume: Bunkering revenue declined primarily due to lower bunkered volume, reflecting softer demand amid tariff-related trade disruptions and geopolitical uncertainty. The effect of lower volume was partially offset by higher bunker fuel selling prices during FY2026, as selling prices generally track prevailing market oil prices. * Gross Profit: Gross profit declined by 79.3% to approximately $3.1 million, yielding a gross profit margin of 0.57%, compared to a gross profit of approximately $15.0 million and a margin of 2.47% in the prior-year period. * Net Loss: Net loss was approximately $19.1 million, compared to net loss of approximately $3.6 million for the fiscal year ended June 30, 2025. Management Commentary & Business Vision
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