TMD Energy Limited SEC Filings

TMD Energy Limited (TMDE) reported a mixed first half of 2025 with operating scale but a consolidated loss. The company recorded net (loss) income of $4,521,375 for the six months ended June 30, 2025 compared with net income of $2,045,147 in 2024, producing diluted (loss) per share of $(0.20) on a weighted average of 21,359,033 shares. Reported revenue measures in the filing show increases year-over-year (an 8.8% increase in one revenue line from 633,080 to 688,608 in the comparative table). Cost of revenues remained the dominant expense, while total other expenses were material ($5,509,409 in one period). The company completed an IPO in April 2025, issuing 3,100,000 ordinary shares and exercising a 465,000 over-allotment for gross proceeds of $11,586,250. Liquidity disclosures cite cash and equivalents of $7,060,410 and available supplier purchasing limits of $11,221,250, plus scheduled customer receipts of $14,986,210 through May 2026. The filing highlights related-party balances and customer concentration (several customers comprising large percentages of revenue and receivables) and discloses ongoing legal proceedings with amounts referenced in Malaysian ringgit.