TMD Energy Ltd

Listed Company

TMDECIK 0002009714NYSENon-AcceleratedEmerging GrowthWholesale-Petroleum & Petroleum Products (No Bulk Stations)E9KYFY ends Jun 30

Period

FY 2024

Revenue

$688.61M

Net Income

$1.88M

Total Assets

$110.10M

Equity

$17.88M

Shares Out

23.57M

Op. Cash Flow

$-24.29M

Business

TMD Energy Ltd is a foreign private issuer in Petroleum & Petroleum Products (No Bulk Stations), headquartered in the Cayman Islands. Shares trade on NYSE under the ticker TMDE.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Related party sales revenues	689	633
Total cost of revenues	673	621
Gross profit	16	12
Operating expenses	—	—
Selling and marketing expenses	39,664	101,302
General and administrative expenses	5	5
Depreciation expenses	5	4
Total operating expenses	10	9
(Loss) Income from operations	6	3
Other (expenses) income, net	—	—
Interest Expense	52,126	10,264
Non-Operating Income (Expense)	2	3
Interest expenses	5	2
Share of losses of associate	710	—
Total other (expenses) income, net	−3	1
(Loss) Income before income taxes	3	4
Income tax benefits (expenses)	1	774,239
Net (loss) income of single operating segment	2	3
Less: loss (income) attributable to non-controlling interest	167,910	962,761
Net (loss) income attributable to controlling interest	2	2
Shares Outstanding	—	—
Weighted Average Shares Outstanding	20	20
Weighted Average Shares Outstanding, Diluted	20	20
Earnings Per Share	—	—
Earnings Per Share (Basic)	0.09	0.1
Earnings Per Share (Diluted)	0.09	0.1
Net (loss) income of single operating segment	2	3
Foreign currency translation adjustments	276,068	2
Comprehensive (loss) income including non-controlling interest	2	5
Comprehensive (loss) income including non-controlling interest	2	5
Comprehensive (loss) income attributable to non-controlling interest	167,781	832,987
Comprehensive (loss) income attributable to controlling interest	2	4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Jun 30, 2025 2025-06-30	Dec 31, 2024 2024-12-31
ASSETS	—	—
Current Assets	—	—
Cash and Cash Equivalents	7	16
Accounts Receivable	28	20
Inventory	8	10
Other Non-Operating Current Assets	18	12
Other Non-Operating Current Assets	31	20
Income Tax Receivable	1	—
Total current assets	93	78
Non-Current Assets	—	—
Property, Plant and Equipment	32	32
Cash and Cash Equivalents	89,712	88,908
Operating Lease Right-of-Use Asset	37,981	16,603
Deferred Tax Assets, Non-Current	67,217	—
Total Non-Current Assets	32	32
Total Assets	125	110
LIABILITIES AND SHAREHOLDERS’ EQUITY	—	—
Current liabilities	—	—
Accounts Payable	7	7
Other payables	1	2
Trade financing facilities	92	79
Other Non-Operating Current Liabilities	1	626,745
Accrued Income Taxes	—	773,578
Operating Lease Liability, Current	24,437	9,223
Current Portion of Long-Term Debt	409,025	776,753
Short-Term Debt	11,979	11,053
Total current liabilities	102	90
Non-Current Liabilities	—	—
Operating Lease Liability, Non-Current	14,301	7,564
Long-Term Debt	525,148	504,319
Long-Term Debt	53,658	56,559
Total Non-Current Liabilities	593,107	568,442
Total Liabilities	102	91
Shareholders’ Equity	—	—
Total Stockholders' Equity	2,357	2,000
Additional Paid-In Capital	13	5
Retained Earnings	8	13
Accumulated Other Comprehensive Income	578,386	663,895
Total equity attributable to equity holders’ of TMD Energy Limited	22	18
Noncontrolling Interest	1	1
Total Equity	23	19
Total Liabilities and Shareholders’ Equity	125	110

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities:	—	—
Net (loss) income of single operating segment	2	3
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:	—	—
Depreciation Expense	5	4
Net Cash from Operating Activities	21,033	21,107
Other Operating Expense	69,474	—
Asset Impairment Charges	1,129	—
Restructuring Expense	373	—
Deferred Income Tax (CF)	—	−92,664
Gain on disposal of assets	—	18,724
Share of losses of associate	710	—
Change in assets and liabilities:	—	—
Accounts receivable	−3	16
Inventories, net	−6	6
Due from related parties	536,841	740,331
Other receivables and current assets	−5	9
Accounts payable and accrued expenses	−45	26
Other payables	−419,027	68,039
Taxes payable	651,026	−355,168
Net Cash from Operating Activities	−6,761	−21,057
Net cash (used in) provided by operating activities	−24	654,219
Cash flows from investing activities:	—	—
Purchase of fixed assets	4	3
Acquisition of investment	83,089	4,388
Increase investment in subsidiary	74,120	—
Proceeds from Sale of PP&E	—	6,127
Advance to related parties	−12	—
Net cash used in investing activities	−16	−3
Cash flows from financing activities:	—	—
Net Cash from Financing Activities	—	—
Proceeds from (Repayment to) borrowings	51	−3
Repayment to finance lease payables	10,216	41,328
Net Cash from Financing Activities	—	320,485
Net cash provided by (used in) financing activities	51	−2
Net (decrease) increase in cash and cash equivalents	11	−5
Effect of Exchange Rate on Cash	635,595	−1
Cash and cash equivalents, end of period / year	—	—
Cash and cash equivalents, end of period / year	—	—
Supplemental disclosures of cash flow information	—	—
Income taxes paid	776,331	1
Supplemental non-cash investing and financing activities	—	—
Net Cash from Financing Activities	3	—
Deferred offering costs charged to additional paid-in capital	—	—
Net Cash from Operating Activities	—	100,771
Net Cash from Operating Activities	15,359	—
Reversal of additional paid-in capital via decrease in related party receivables	5	3

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro