TMD Energy Ltd cash flow statement

In fiscal 2026, TMD Energy Ltd's operations generated $10.6m of cash; it spent $3.1m on capital projects, leaving free cash flow of $7.5m.

Cash flow statement

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

TMD Energy Ltd: cash flow statement, annual
Fiscal year	2023Dec 2022	2024Dec 2023	2025Dec 2024	2026Jun 2026
Cash from operations	1	1	−24	11
Depreciation and amortisation	3	4	5	5
Capital spending	7	3	4	3
Free cash flow	−6	−2	−28	7

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.