TMD Energy Limited(TMDE)Earnings, Financials & Key Ratios
TMDE•AMEX
$1.05
$21M mkt cap·12.9× P/E·Price updated May 7, 2026
AboutTMD Energy Limited, an investment holding company, provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company involved in marketing and supply of marine gas and fuel oil, including high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel oil products to ships and vessels. It also provides vessel chartering and ship management services for in-house and external vessels; sale of cargo oil and fresh water; and general cleaning and disinfecting services. It operates with a fleet of 15 well-maintained bunkering vessels. TMD Energy Limited was incorporated in 2023 and is based in the Kuala Lumpur, Malaysia. TMD Energy Limited is a subsidiary of Straits Energy Resources Berhad.Show more
- Revenue$689M+8.8%
- EBITDA$11M+56.6%
- Net Income$2M-5.9%
- EPS (Diluted)0.08-5.9%
- Gross Margin2.33%+22.0%
- EBITDA Margin1.57%+44.0%
- Operating Margin0.87%+111.7%
- Net Margin0.27%-13.5%
- ROE9.08%-3.9%
- ROIC7.19%+46.0%
- Debt/Equity4.17+274.5%
- Interest Coverage1.30+10.3%
TMDE Key Insights
TMD Energy Limited (TMDE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 92 (top 8%)
- ✓Trading at only 1.3x book value
- ✓Efficient asset utilization: 6.3x turnover
✗Weaknesses
- ✗High debt to equity ratio of 4.2x
- ✗Negative free cash flow
- ✗Thin 5Y average net margin of 0.3%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TMDE Price & Volume
TMD Energy Limited (TMDE) stock price & volume — 10-year historical chart
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TMDE Growth Metrics
TMD Energy Limited (TMDE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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Profit CAGR
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EPS CAGR
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5 Years-
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Return on Capital
10 Years19.6%
5 Years19.6%
3 Years19.6%
Last Year28.2%
TMDE Peer Comparison
TMD Energy Limited (TMDE) competitors in Marine and Commercial Fuel Supply — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 INDO | 47.06M | 3.14 | -5.06 | -24.34% | -173.01% | -49.72% | 0.05 | |
 CIVI | 2.34B | 27.38 | 3.24 | 49.76% | 13.56% | 9.55% | 0.68 | |
 TPVG | 242.54M | 5.99 | 4.91 | 36.55% | -3.39% | 1.33 | ||
 AMPY | 221.11M | 5.43 | 5.27 | -10.63% | 16.7% | 10.56% | 0.01 | |
 TALO | 2.49B | 14.92 | -5.29 | -9.8% | -42.7% | -33.21% | 0.57 | |
 SD | 551.64M | 14.98 | 7.88 | 24.8% | 46.37% | 15.09% | ||
 HAL | 32.68B | 39.13 | 26.09 | -3.31% | 6.95% | 14.59% | 0.77 | |
 SLB | 79.62B | 53.04 | 22.57 | -1.6% | 9.38% | 13.88% | 0.45 |
Compare TMDE vs Peers
TMD Energy Limited (TMDE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TMDE Income Statement
TMD Energy Limited (TMDE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 702.1M | 633.08M | 688.61M | - |
| Revenue Growth % | - | -9.83% | 8.77% | - |
| Cost of Goods Sold | 688.83M | 620.99M | 672.56M | - |
| COGS % of Revenue | 98.11% | 98.09% | 97.67% | - |
| Gross Profit | 13.26M▲ 0% | 12.09M▼ 8.8% | 16.04M▲ 32.7% | -▲ 0% |
| Gross Margin % | 1.89% | 1.91% | 2.33% | - |
| Gross Profit Growth % | - | -8.84% | 32.71% | - |
| Operating Expenses | 8.78M | 9.49M | 10.05M | - |
| OpEx % of Revenue | 1.25% | 1.5% | 1.46% | - |
| Selling, General & Admin | 4.55M | 4.96M | 5.22M | - |
| SG&A % of Revenue | 0.65% | 0.78% | 0.76% | - |
| Research & Development | 0 | 0 | 0 | - |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 4.23M | 4.53M | 4.83M | - |
| Operating Income | 4.49M▲ 0% | 2.6M▼ 42.0% | 6M▲ 130.3% | -▲ 0% |
| Operating Margin % | 0.64% | 0.41% | 0.87% | - |
| Operating Income Growth % | - | -41.96% | 130.32% | - |
| EBITDA | 7.51M | 6.88M | 10.78M | - |
| EBITDA Margin % | 1.07% | 1.09% | 1.57% | - |
| EBITDA Growth % | - | -8.31% | 56.59% | - |
| D&A (Non-Cash Add-back) | 3.02M | 4.28M | 4.78M | - |
| EBIT | 5.2M | 5.94M | 8.07M | - |
| Net Interest Income | -1.97M | -2.19M | -4.55M | - |
| Interest Income | 11.27K | 10.26K | 52.13K | - |
| Interest Expense | 1.98M | 2.2M | 4.6M | - |
| Other Income/Expense | -1.27M | 1.13M | -2.52M | - |
| Pretax Income | 3.22M▲ 0% | 3.73M▲ 15.9% | 3.47M▼ 7.0% | -▲ 0% |
| Pretax Margin % | 0.46% | 0.59% | 0.5% | - |
| Income Tax | -8.66K | 774.24K | 1.43M | - |
| Effective Tax Rate % | -0.27% | 20.74% | 41.12% | - |
| Net Income | 2.37M▲ 0% | 2M▼ 15.9% | 1.88M▼ 5.9% | -▲ 0% |
| Net Margin % | 0.34% | 0.32% | 0.27% | - |
| Net Income Growth % | - | -15.89% | -5.95% | - |
| Net Income (Continuing) | 3.23M | 2.96M | 2.05M | - |
| Discontinued Operations | 0 | 0 | 0 | - |
| Minority Interest | 3.93M | 4.77M | 1.25M | - |
| EPS (Diluted) | 0.10▲ 0% | 0.09▼ 13.6% | 0.08▼ 5.9% | -▲ 0% |
| EPS Growth % | - | -13.6% | -5.9% | - |
| EPS (Basic) | 0.10 | 0.09 | 0.08 | - |
| Diluted Shares Outstanding | 23.1M | 23.1M | 23.1M | 23.1M |
| Basic Shares Outstanding | 23.1M | 23.1M | 23.1M | 23.1M |
| Dividend Payout Ratio | - | - | - | - |
TMDE Balance Sheet
TMD Energy Limited (TMDE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 47.71M | 71.2M | 77.86M | - |
| Cash & Short-Term Investments | 11.27M | 4.83M | 16.07M | 16.07M |
| Cash Only | 11.27M | 4.83M | 16.07M | 16.07M |
| Short-Term Investments | 0 | 0 | 0 | - |
| Accounts Receivable | 20.15M | 42.25M | 44.22M | - |
| Days Sales Outstanding | 10.48 | 24.36 | 23.44 | - |
| Inventory | 10.27M | 15.81M | 9.67M | - |
| Days Inventory Outstanding | 5.44 | 9.29 | 5.25 | - |
| Other Current Assets | 0 | 581.54K | 1.84M | - |
| Total Non-Current Assets | 34.23M | 33.2M | 32.24M | - |
| Property, Plant & Equipment | 34.23M | 33.2M | 32.15M | - |
| Fixed Asset Turnover | 20.51x | 19.07x | 21.42x | - |
| Goodwill | 0 | 0 | 0 | - |
| Intangible Assets | 0 | 0 | 0 | - |
| Long-Term Investments | 0 | 4.34K | 88.91K | - |
| Other Non-Current Assets | 0 | 0 | 0 | - |
| Total Assets | 81.93M▲ 0% | 104.4M▲ 27.4% | 110.1M▲ 5.5% | 110.1M▲ 0% |
| Asset Turnover | 8.57x | 6.06x | 6.25x | - |
| Asset Growth % | - | 27.41% | 5.46% | - |
| Total Current Liabilities | 58.68M | 81.56M | 90.4M | - |
| Accounts Payable | 27.96M | 52.27M | 7.43M | - |
| Days Payables Outstanding | 14.81 | 30.72 | 4.03 | - |
| Short-Term Debt | 25.2M | 24.1M | 79.27M | - |
| Deferred Revenue (Current) | 72.78K | 69.86K | 0 | - |
| Other Current Liabilities | 3.05M | 2.91M | 787.5K | - |
| Current Ratio | 0.81x | 0.87x | 0.86x | 0.86x |
| Quick Ratio | 0.64x | 0.68x | 0.75x | 0.75x |
| Cash Conversion Cycle | 1.1 | 2.93 | 24.66 | - |
| Total Non-Current Liabilities | 3.21M | 620.18K | 568.44K | - |
| Long-Term Debt | 3.09M | 553.06K | 504.32K | - |
| Capital Lease Obligations | 25.34K | 67.12K | 64.12K | - |
| Deferred Tax Liabilities | 95.55K | 0 | 0 | - |
| Other Non-Current Liabilities | 0 | 0 | 0 | - |
| Total Liabilities | 61.89M | 82.18M | 90.96M | - |
| Total Debt | 28.35M | 24.76M | 79.86M | 79.86M |
| Net Debt | 17.08M | 19.93M | 63.79M | 63.79M |
| Debt / Equity | 1.41x | 1.11x | 4.17x | 4.17x |
| Debt / EBITDA | 3.78x | 3.60x | 7.41x | - |
| Net Debt / EBITDA | 2.28x | 2.90x | 5.92x | 5.92x |
| Interest Coverage | 2.26x | 1.18x | 1.30x | - |
| Total Equity | 20.04M▲ 0% | 22.21M▲ 10.8% | 19.13M▼ 13.9% | 19.13M▲ 0% |
| Equity Growth % | - | 10.83% | -13.85% | - |
| Book Value per Share | 0.87 | 0.96 | 0.83 | 0.83 |
| Total Shareholders' Equity | 16.11M | 17.45M | 17.88M | 19.13M |
| Common Stock | 2K | 2K | 2K | - |
| Retained Earnings | 5.34M | 7.34M | 12.58M | - |
| Treasury Stock | 0 | 0 | 0 | - |
| Accumulated OCI | -28.06K | 1.99M | 663.89K | - |
| Minority Interest | 3.93M | 4.77M | 1.25M | - |
TMDE Cash Flow Statement
TMD Energy Limited (TMDE) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | 518.56K | 654.22K | -24.29M | -24.29M |
| Operating CF Margin % | 0.07% | 0.1% | -3.53% | - |
| Operating CF Growth % | - | 26.16% | -3812.89% | - |
| Net Income | 3.23M | 2.96M | 2.05M | - |
| Depreciation & Amortization | 3.02M | 4.28M | 4.78M | - |
| Stock-Based Compensation | 0 | 0 | 0 | - |
| Deferred Taxes | -902.15K | -92.66K | 0 | - |
| Other Non-Cash Items | 0 | -18.72K | 71.69K | - |
| Working Capital Changes | -4.83M | -6.47M | -31.19M | - |
| Change in Receivables | 863.63K | -16.34M | 7.36M | - |
| Change in Inventory | -1.8M | -6.02M | 6.49M | - |
| Change in Payables | 297.44K | 19.32M | -45.25M | - |
| Cash from Investing | -6.61M | -3.15M | -3.76M | - |
| Capital Expenditures | -6.61M | -3.15M | -3.75M | - |
| CapEx % of Revenue | 0.94% | 0.5% | 0.54% | - |
| Acquisitions | 0 | 0 | 74.12K | - |
| Investments | - | - | - | - |
| Other Investing | 0 | 6.13K | 0 | - |
| Cash from Financing | 8.05M | -2.49M | 38.66M | - |
| Debt Issued (Net) | 6.92M | -2.81M | 50.9M | - |
| Equity Issued (Net) | 560.99K | 0 | 0 | - |
| Dividends Paid | 0 | 0 | 0 | - |
| Share Repurchases | 0 | 0 | 0 | - |
| Other Financing | 561.25K | 320.49K | -12.25M | - |
| Net Change in Cash | 1.07M▲ 0% | -6.44M▼ 702.8% | 11.24M▲ 274.6% | -▲ 0% |
| Free Cash Flow | -6.09M▲ 0% | -2.5M▲ 59.0% | -28.04M▼ 1023.9% | -▲ 0% |
| FCF Margin % | -0.87% | -0.39% | -4.07% | - |
| FCF Growth % | - | 59.01% | -1023.86% | - |
| FCF per Share | -0.26 | -0.11 | -1.21 | -1.21 |
| FCF Conversion (FCF/Net Income) | 0.22x | 0.33x | -12.94x | - |
| Interest Paid | 0 | 0 | 0 | - |
| Taxes Paid | 177.81K | 0 | 776.33K | - |
TMDE Key Ratios
TMD Energy Limited (TMDE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | 9.45% | 9.08% | - |
| Return on Invested Capital (ROIC) | 4.93% | 7.19% | 7.19% |
| Gross Margin | 1.91% | 2.33% | - |
| Net Margin | 0.32% | 0.27% | - |
| Debt / Equity | 1.11x | 4.17x | 4.17x |
| Interest Coverage | 1.18x | 1.30x | - |
| FCF Conversion | 0.33x | -12.94x | - |
| Revenue Growth | -9.83% | 8.77% | - |
TMDE Frequently Asked Questions
TMD Energy Limited (TMDE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TMD Energy Limited (TMDE) reported $688.6M in revenue for fiscal year 2024. This represents a 2% decrease from $702.1M in 2022.
TMD Energy Limited (TMDE) grew revenue by 8.8% over the past year. This is steady growth.
Yes, TMD Energy Limited (TMDE) is profitable, generating $1.9M in net income for fiscal year 2024 (0.3% net margin).
Dividend & Returns
TMD Energy Limited (TMDE) has a return on equity (ROE) of 9.1%. This is below average, suggesting room for improvement.
TMD Energy Limited (TMDE) had negative free cash flow of $28.0M in fiscal year 2024, likely due to heavy capital investments.
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TMD Energy Limited (TMDE) financial analysis — history, returns, DCA and operating performance tools
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