Welcome to our dedicated page for TMD Energy news (Ticker: TMDE), a resource for investors and traders seeking the latest updates and insights on TMD Energy stock.
TMD Energy Limited (TMDE) is an energy company in the oil and gas midstream space, focusing on marine fuel bunkering, ship management and vessel chartering. This news page aggregates company announcements, financial updates and strategic developments related to TMD Energy Limited and its operations in Malaysia, Singapore and beyond.
Recent company news has included financial results for full fiscal years and a six-month transition period, where TMD Energy Limited discussed revenue trends, gross profit, net income or loss, and the contribution of its bunkering services and ship management segments. These releases provide insight into how factors such as shipping activity, global economic conditions, tariff changes and oil price movements have affected the company’s marine fuel bunkering volumes and margins.
Investors and observers can also follow updates on TMD Energy Limited’s capital markets activity, including its initial public offering of ordinary shares on the NYSE American under the symbol TMDE. The company has described its intended use of IPO proceeds, such as purchasing cargo oil, covering listing expenses and supporting working capital and general corporate purposes.
Another key theme in the company’s news is its focus on sustainability and alternative fuels. TMD Energy Limited has reported that a subsidiary achieved International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier and trader, and it has announced a strategic expansion into oil waste collection to supply feedstock for biodiesel production. The company has also entered into a Memorandum of Agreement with bioenergy firm Double Corporate Sdn Bhd to explore collaboration in bioenergy sustainable fuel solutions for the EU and Asia markets.
By reviewing the news items on this page, readers can track TMD Energy Limited’s financial performance, corporate actions, and initiatives in marine fuel bunkering and emerging bioenergy segments over time.
TMD Energy Limited (NYSE AMERICAN: TMDE) reported financial results for the six-month transition period ended June 30, 2025, showing significant challenges. The company recorded revenue of $276.3 million, down 22.7% year-over-year, with bunkering volumes declining 11.2% to 514,025 metric tons.
Key financial metrics include a gross profit of $4.0 million with a margin of 1.4% (down from 1.6% in 6M2024), and a net loss of $4.5 million compared to a net income of $1.1 million in the previous period. The loss was primarily attributed to foreign exchange losses of $1.5 million and increased interest expenses of $2.8 million.
Strategic initiatives include achieving ISCC EU certification for biofuel supply, expanding into oil waste collection, and forming a partnership with Double Corporate for sustainable fuel markets.
TMD Energy Limited (NYSE: TMDE), a Malaysia and Singapore-based integrated bunkering services provider, has announced its strategic expansion into oil waste collection. The initiative focuses on collecting sludge oil and used cooking oil to be sold to third-party partners for biodiesel production. Following its recent IPO, TMDE plans to leverage its logistics network to collect residual oils from maritime operators and the food industry.
The company aims to capitalize on Malaysia's growing biodiesel market, supported by government incentives. According to Chairman and CEO Dato' Sri Kam Choy Ho, TMDE plans to eventually engage in biodiesel processing and distribution, positioning itself as a key player in Southeast Asia's green energy transition. This expansion aligns with the company's ESG commitments and Malaysia's renewable energy goals.
TMD Energy (NYSE: TMDE) has successfully completed its Initial Public Offering (IPO), raising approximately $10.08 million in gross proceeds. The company offered 3,100,000 ordinary shares at $3.25 per share, which began trading on the NYSE American on April 21, 2025.
The Malaysia and Singapore-based company, which specializes in integrated bunkering services including ship-to-ship marine fuel transfers, ship management, and vessel chartering, has granted underwriters a 45-day option to purchase up to 465,000 additional shares to cover potential over-allotments.
The net proceeds will be allocated to three main purposes: purchasing cargo oil, covering listing expenses, and supporting working capital and general corporate needs. Maxim Group served as the sole book-running manager for the offering.
TMD Energy (NYSE American: TMDE), a Malaysia and Singapore-based integrated bunkering services provider, has announced the pricing of its Initial Public Offering (IPO) of 3,100,000 ordinary shares at US$3.25 per share, raising gross proceeds of approximately US$10.08 million.
Trading will commence on April 21, 2025 on the NYSE American under the symbol 'TMDE', with the offering expected to close on April 22, 2025. The underwriter, Maxim Group , has a 45-day option to purchase up to 465,000 additional shares, potentially increasing total gross proceeds to US$11.59 million.
The company plans to use the proceeds for:
- Purchase of cargo oil
- Defraying listing expenses
- Working capital and general corporate purposes
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