TMD Energy Limited (TMDE) Income Statement
TMDE 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsTMDE revenue and net income
Where TMDE's revenue goes
2024Each bar shows an amount and its share of revenue. TMDE kept 0.3% of revenue as net income.
TMDE profit margins
TMDE growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.8% | — | — | — |
| Gross profit | +32.7% | — | — | — |
| Operating income | +130.3% | — | — | — |
| Net income | −5.9% | — | — | — |
| EPS (diluted) | −55.6% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TMDE income statement
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue | $688.6M | $633.1M | $702.1M |
| Cost of revenue | $672.6M | $621.0M | $688.8M |
| Gross profit | $16.0M | $12.1M | $13.3M |
| Sales, general & admin | $5.2M | $5.0M | $4.5M |
| Total operating expenses | $10.0M | $9.5M | $8.8M |
| Operating income | $6.0M | $2.6M | $4.5M |
| Interest income | $52,126 | $10,264 | $11,268 |
| Interest expense | $4.6M | $2.2M | $2.0M |
| Income before taxes | $3.5M | $3.7M | $3.2M |
| Income taxes | $1.4M | $774,239 | −$8,660 |
| Net income | $1.9M | $2.0M | $2.4M |
| EBITDA | $12.9M | $10.2M | $8.2M |
| EPS (diluted) | $0.04 | $0.09 | $0.12 |
| Gross margin | 2.3% | 1.9% | 1.9% |
| Operating margin | 0.9% | 0.4% | 0.6% |
| Net margin | 0.3% | 0.3% | 0.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TMDE's financial statements (latest annual report filed May 14, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TMDE financial results
In fiscal year 2024 (ended December 31, 2024), TMD Energy reported revenue of $688.6 million, up 8.8% from the year before. It had net income of $1.9 million (down 5.9%), a net profit margin of 0.3%. Diluted earnings per share came to $0.04.
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TMDE income statement FAQ
What is TMD Energy's annual revenue?
TMD Energy reported total revenue of $688.6 million for fiscal year 2024, which ended on December 31, 2024. That was up 8.8% from $633.1 million the previous year.
Is TMD Energy profitable?
Yes. TMD Energy reported net income of $1.9 million in fiscal 2024, a net profit margin of 0.3%; its operating margin was 0.9%.
What is TMD Energy's gross margin?
TMD Energy's gross margin was 2.3% in fiscal 2024: for every $100 of revenue, TMD Energy kept $2 after the direct cost of its products and services.
What are TMD Energy's earnings per share?
TMD Energy earned $0.04 per diluted share in fiscal 2024, compared with $0.09 a year earlier.
When does TMD Energy's fiscal year end?
TMD Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024 and was filed on May 14, 2025.