$TMDE

TMD Energy (NYSE: TMDE) reported a significant downturn in the first half of 2025, swinging to a net loss of $4.3 million from a profit in the prior year, with revenue dropping 22.7% to $276.3 million. This decline was primarily driven by reduced bunkering service volumes, lower oil prices, and increased financing and foreign-exchange costs. Despite the challenging first half, the company's full-year 2024 results showed an 8.8% revenue increase and a 32.7% rise in gross profit, highlighting a cyclical setback in the current period.