🔴 TMD Energy is trading 7% down after FY2026 results showed a wider net loss

TMD Energy is trading 6.69% down at $0.58 after FY2026 results showed sharply weaker profitability.

• Revenue fell 10.2%; gross profit dropped 79.3% to $3.1 million.
• Net loss widened to $19.1 million from $3.6 million. Results were released October 29, and coverage linked the share decline to the earnings report.
• Falling oil prices and energy-sector weakness may add pressure; energy was down 2.03%. No November 2 company announcement or current trading-volume data was found.