TMD Energy Ltd balance sheet

At the end of fiscal 2026, TMD Energy Ltd had total assets of $125m, total liabilities of $122m and shareholders' equity of $2.6m. It held $4.0m in cash against $86.8m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

TMD Energy Ltd: balance sheet, annual
Fiscal year	2023Dec 2022	2024Dec 2023	2025Dec 2024	2026Jun 2026
Cash and equivalents	—	—	—	4
Receivables	—	23	20	29
Inventory	—	16	10	9
Total current assets	—	71	78	95
Goodwill	—	0	—	—
Total assets	—	104	110	125
Accounts payable	—	—	—	30
Total current liabilities	—	82	90	121
Short-term debt	—	3	1	0
Long-term debt	—	1	1	0
Total debt	—	28	81	87
Total liabilities	—	82	91	122
Shareholders' equity	20	17	18	3
Non-controlling interests and other (assets − liabilities − equity)	—	5	—	—
Shares outstanding	—	20m	20m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from TMD Energy Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TMD Energy Ltd.