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TMDE on NYSE

TMD Energy Ltd

TMD Energy Ltd is a wholesale-petroleum and petroleum products company in the Cayman Islands.1 Its shares trade on NYSE under the symbol TMDE.1

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Last updated Oct 21, 2026.

Overview

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  • TickerTMDE on NYSE1
  • IndustryWholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • HeadquartersE91
  • Incorporated inCayman Islands2
  • Business addressB-07-06, Plaza Mont Kiara, No. 2, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur2
  • Filer categoryNon-accelerated filer, Emerging growth company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

2.3%Gross margin3
0.9%Operating margin3
0.3%Net margin3
8.8%Revenue growth, 20243
10.5%Return on equity3
0.03×Debt to equity3
-$28.0MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sales of Cargo Oil and Fresh Water and Bunkering Facilitation brought in 100% of the revenue TMD Energy Ltd broke down this way in fiscal 2024.

  1. Sales of Cargo Oil and Fresh Water and Bunkering Facilitation$688.2M3100%up 9% from 2023
  2. Ship Management Services$397.2K30%up 43% from 2023
Products and services by year
Products and services20232024
Sales of Cargo Oil and Fresh Water and Bunkering Facilitation$631.6M$688.2M
Ship Management Services$278.3K$397.2K

Regions

MYMember brought in 92% of the revenue TMD Energy Ltd broke down this way in fiscal 2024.

  1. MYMember$634.5M392%up 0% from 2023
  2. HKMember$53.7M38%
  3. SGMember$405.5K30%up 700% from 2023
  4. VN$90730%
Regions by year
Regions20232024
MYMember$633.0M$634.5M
HKMember$53.7M
SGMember$50.7K$405.5K
VN$907

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue98¢$672.6M
  • Other costs2¢$12.7M
  • Income tax0¢$1.4M
  • Profit0¢$1.9M

Out of $688.6M in revenue.3

Financial statements

Revenue43$688.6M in 2024−2% since 2022
0$200.0M$400.0M$600.0M$800.0M2022: $702.1M$702.1M20222023: $633.1M$633.1M2023−10%2024: $688.6M$688.6M2024+9%
Gross profit43$16.0M in 2024+21% since 2022
0$5.0M$10.0M$15.0M$20.0M2022: $13.3M$13.3M20222023: $12.1M$12.1M2023−9%2024: $16.0M$16.0M2024+33%
Operating income43$6.0M in 2024+34% since 2022
0$2.0M$4.0M$6.0M2022: $4.5M$4.5M20222023: $2.6M$2.6M2023−42%2024: $6.0M$6.0M2024+130%
Net income43$1.9M in 2024−21% since 2022
0$1.0M$2.0M$3.0M2022: $2.4M$2.4M20222023: $2.0M$2.0M2023−16%2024: $1.9M$1.9M2024−6%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2024-12-312023-12-31
Total revenues$688.6M$633.1M
Total cost of revenues-$672.6M-$621.0M
Gross profit$16.0M$12.1M
Selling and marketing expenses-$39.7K-$101.3K
General and administrative expenses-$5.2M-$5.1M
Depreciation expenses-$4.8M-$4.3M
Total operating expenses-$10.0M-$9.5M
(Loss) Income from operations$6.0M$2.6M
Interest income$52.1K$10.3K
Sundry (expense) income$2.0M$3.3M
Interest expenses-$4.6M-$2.2M
Share of losses of associate-$710
Total other (expenses) income, net-$2.5M$1.1M
(Loss) Income before income taxes$3.5M$3.7M
Income tax benefits (expenses)-$1.4M-$774.2K
Less: loss (income) attributable to non-controlling interest-$167.9K-$962.8K
Net (loss) income attributable to controlling interest$1.9M$2.0M
Ordinary shares - Basic20.0M shares20.0M shares
Ordinary shares - Diluted20.0M shares20.0M shares
Basic$0.09$0.10
Diluted$0.09$0.10
Net (loss) income$2.0M$3.0M
Foreign currency translation adjustments$276.1K$1.9M
Comprehensive (loss) income including non-controlling interest$2.3M$4.8M
Comprehensive (loss) income attributable to non-controlling interest-$167.8K-$833.0K
Comprehensive (loss) income attributable to controlling interest$2.2M$4.0M

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Corporate structure

TMD Energy Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TMD Energy Ltd

  • Yong Sing Goo Filed SCHEDULE 13G/A on TMD Energy Ltd, latest Jul 17, 2026 (3 filings since Apr 21, 2025)
  • Platinum Gate Capital Pte. Ltd. Filed SCHEDULE 13G/A on TMD Energy Ltd, latest Apr 30, 2026 (2 filings since Apr 21, 2025)
  • Mohd Suhaimi Bin Hashim Filed SCHEDULE 13G on TMD Energy Ltd, latest Apr 21, 2025
  • Straits Energy Resources Berhad Filed SCHEDULE 13G on TMD Energy Ltd, latest Apr 21, 2025
  • TMD Energy Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TMD Energy Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$53.7M3 Jun 30, 2025$47.8M4 Dec 31, 2023+12.3%
Accumulated depreciation$22.0M3 Jun 30, 2025$14.7M4 Dec 31, 2023+49.8%
Property and equipment, net$31.7M3 Jun 30, 2025$33.2M4 Dec 31, 2023−4.3%
Operating-lease assets (leased space)$38.0K3 Jun 30, 2025$21.7K4 Dec 31, 2023+74.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.1M3 Jun 30, 2025$4.8M4 Dec 31, 2023+46.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$7.6M3 Jun 30, 2025$15.8M4 Dec 31, 2023−51.8%

Leadership

Who has led TMD Energy Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kam Choy Ho2026–now

Chair

  1. Kam Choy Ho2026–now

Chief financial officer

  1. Chee Mun Hoh2026–now
Board members and other officers (4)

Timeline

  1. Mar 25, 2026New chief executive Kam Choy Ho becomes CEO5

Filings

59 filings to the SEC since October 2021: 3 annual reports, 6 insider forms, 7 large holders, 43 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Sep 10, 20266-K EDGAR
  3. Aug 11, 20266-K EDGAR
  4. Jul 17, 2026SCHEDULE 13G/A EDGAR
  5. Jun 29, 20266-K EDGAR
  6. Jun 8, 20266-K EDGAR
  7. May 19, 20263 EDGAR
  8. May 19, 20263 EDGAR
  9. May 19, 20263 EDGAR
  10. May 15, 202620-F/A EDGAR
  11. Apr 30, 2026SCHEDULE 13G/A EDGAR
  12. Apr 30, 2026SCHEDULE 13G/A EDGAR
  13. Apr 21, 20263 EDGAR
  14. Mar 25, 20263 EDGAR
  15. Mar 25, 20263 EDGAR
  16. Feb 17, 20266-K EDGAR
  17. Sep 29, 20256-K EDGAR
  18. Sep 29, 202520-F EDGAR
  19. Jun 18, 20256-K EDGAR
  20. May 21, 20256-K EDGAR

The 59 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TMD Energy Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTMD Energy Ltd1
  • CIK0002009714
  • Filer statusNon-accelerated filer an emerging growth company; a shell company15
  • Incorporated inCayman Islands15
  • Fiscal year endsJune 301
  • Industry code (SIC)5172 Wholesale-Petroleum & Petroleum Products (No Bulk Stations)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressB-07-06, Plaza Mont Kiara, No. 2, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Malaysia1
  • Phone(603) 6419 12661
  • Shares outstanding23,565,000 shares as of Jun 30, 202515
  • AuditorJ&S Associate PLT, Malaysia PCAOB ID 6743; no auditor attestation of internal control over financial reporting15
  • On EDGAR sinceJun 11, 20241
  • Filings59 in all: 6-K (14), CORRESP (7), 3 (6), UPLOAD (6), SCHEDULE 13G (4), DRS/A (3), F-1/A (3), SCHEDULE 13G/A (3)1
    All 19 form types

    20-F (2), DRSLTR (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), FWP (1), NT 20-F (1)

  • Latest filingsAnnual report (20-F) Sep 29, 2025

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value $0.0001 per shareTMDENYSE American LLC

From the cover page of the 20-F filed Sep 29, 2025 (Section 12(b) of the Exchange Act).15

Sources

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