Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data TMD Energy Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
Revenue
702
633
689
Cost of revenue
689
621
673
Gross profit
13.3
12.1
16
Selling and marketing
0.07
0.1
0.04
General and administrative
5.73
5.13
5.25
Operating expenses
8.78
9.49
10
Operating income
4.49
2.6
6
Interest expense
1.98
2.2
4.6
Other non-operating income
-1.27
1.13
-2.52
Pre-tax income
3.22
3.73
3.47
Income tax
-0.01
0.77
1.43
Net income to minority interests
0.86
0.96
0.17
Net income
2.37
2
1.88
EBITDA
7.46
6.86
10.8
EPS, basic
0.12
0.10
0.09
EPS, diluted
0.12
0.10
0.09
Shares, basic (weighted)
20
20
20
Shares, diluted (weighted)
20
20
20
Balance sheet
FY2022
FY2024
FY2024
Cash and equivalents
4.83
16.1
Receivables
22.6
20.3
Inventory
15.8
9.67
Other current assets
24.2
20.2
Total current assets
71.2
77.9
Property, plant and equipment
33.2
32.1
Lease right-of-use assets
0.02
0.02
Goodwill
0
Total assets
104
110
Accounts payable
52.3
7.43
Short-term debt
2.91
0.78
Total current liabilities
81.6
90.4
Long-term debt
0.55
0.5
Lease liabilities
0
0.01
Total liabilities
82.2
91
Total debt
3.46
1.28
Paid-in capital
8.11
4.63
Retained earnings
7.34
12.6
Other comprehensive income
1.99
0.66
Shareholders' equity
17.4
17.9
Minority interests
4.77
1.25
Total equity
20
22.2
19.1
Total liabilities and equity
104
110
Shares outstanding
20
20
Cash flow statement
FY2022
FY2024
FY2024
Net income
3.23
2.96
2.05
Depreciation and amortization
2.97
4.26
4.76
Deferred income tax
-0.9
-0.09
Change in receivables
2.71
-15.6
2.77
Change in inventory
-1.8
-6.02
6.49
Change in payables
-9.32
25.7
-45.3
Cash from operations
0.52
0.65
-24.3
Capital expenditures
-6.61
-3.15
-3.75
Purchases of investments
-0
-0.08
Cash from investing
-6.61
-3.15
-16
Cash from financing
8.05
-2.49
50.9
Net change in cash
1.96
-4.98
10.6
Free cash flow
-6.09
-2.5
-28
Income taxes paid
0.72
1.22
0.78
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.67 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
2.3%
Gross profit / revenue.
Operating margin
0.9%
Operating income / revenue.
EBITDA margin
1.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.5%
Pre-tax income / revenue.
Net margin
0.3%
Net income / revenue.
FCF margin
-4.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-3.5%
Cash from operations / revenue.
Effective tax rate
41.1%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
10.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
1.8%
Net income / average total assets.
Return on invested capital (ROIC)
36.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
0.5%
Capital expenditures / revenue.
D&A / revenue
0.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
8.8%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
32.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
130.3%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
56.8%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-5.9%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-10.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-3,813.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
2.5%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
5.5%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
0.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.86x
Current assets / current liabilities.
Quick ratio
0.40x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.18x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.07x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
1.2%
Total debt / total assets.
Liabilities / assets
82.6%
Total liabilities / total assets.
Net debt
-$14.8M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
-1.37x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Days inventory + days sales outstanding - days payables.
FCF conversion
-1,494.0%
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.09
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.09
Net income per basic share, as reported (split-adjusted).
Revenue per share
$34.43
Revenue / diluted weighted shares.
FCF per share
-$1.40
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.21
Cash from operations / diluted weighted shares.
Book value per share
$0.89
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
8.37x
Market cap / net income. Only when net income is positive.
P/S
0.02x
Market cap / revenue.
P/B
0.88x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.88x
Market cap / tangible book value, when positive.
EV/Sales
0.00x
Enterprise value / revenue.
EV/EBIT
0.15x
Enterprise value / operating income, when both are positive.
EV/EBITDA
0.09x
Enterprise value / EBITDA, when both are positive.
FCF yield
-178.4%
Free cash flow / market cap.
Earnings yield
11.9%
Net income / market cap (the inverse of P/E).
What was TMD Energy Ltd's revenue in fiscal 2024?
TMD Energy Ltd reported revenue of $688.6M for fiscal 2024, 8.8% higher than the year before.
Was TMD Energy Ltd profitable in fiscal 2024?
Yes. Net income was $1.9M, a net margin of 0.3%.
How much free cash flow did TMD Energy Ltd generate in fiscal 2024?
Cash from operations of $24.3M minus capital expenditures of $3.8M left free cash flow of -$28.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.