In fiscal year 2024, TMDE reported a revenue of $688.6 million, reflecting an 8.8% increase from the previous year’s $633.1 million. This growth was largely attributed to the strong performance of its Bunkering Services Segment. Despite this revenue boost, the company's net income remained relatively consistent at approximately $1.9 million, compared to $2.0 million from the prior year.
Moving forward, TMDE is focused on sustaining this positive trend by enhancing operational efficiencies and seeking new opportunities within the bunkering market. With a skilled team of ship managers, the company aims to expand its ship management revenue by engaging both current and new bunkering clients. Additionally, TMDE plans to maintain its competitive edge through strategic supplier relationships and transparent practices, reinforcing its commitment to sustainable growth and stakeholder value.
