TMD Energy Limited Reports Strong 2024 Financial Results with Significant Revenue Growth

TMD Energy Limited ( (TMDE) ) has shared an update.

On May 14, 2025, TMD Energy Limited reported its financial results for the fiscal year ending December 31, 2024, highlighting an 8.8% increase in group revenue to $688.6 million, primarily driven by the success of its Bunkering Services Segment. Despite stable net income at $1.9 million, the company saw a significant rise in gross profit by 32.7% and income from operations by over 130%. The company’s strategic focus on expanding its customer base and optimizing operational efficiencies has positioned it well for future growth, with plans to enhance its bunkering capacities and explore new customer opportunities.

More about TMD Energy Limited

TMD Energy Limited and its subsidiaries are engaged in marine fuel bunkering services, specializing in the supply and marketing of marine gas oil and marine fuel oil, including high sulfur, low sulfur, and very low sulfur fuel oils. The company also provides ship management services and vessel chartering, operating in 19 ports across Malaysia with a fleet of 15 bunkering vessels.

Average Trading Volume: 1,698,422

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