TMD Energy Reports Revenue Decline Amid Global Challenges
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TMD Energy Limited (TMDE) reported a 22.7% revenue decline to $276.3 million for the six months ending June 30, 2025, due to reduced bunkering volumes and global economic challenges. The company incurred a net loss of $4.5 million, impacted by foreign exchange losses and high interest expenses. Despite these issues, TMD is pursuing strategic expansions into oil waste collection and sustainable energy solutions. Analysts rate TMDE stock as a Hold with a $1.00 price target, reflecting concerns over financial performance and bearish technical indicators.
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