TotalEnergies Marketing Nigeria Plc posted a pre-tax loss of ₦12.5 billion in 2025.
This result marks the company’s first loss in six years, reversing a long period of strong profitability.
TotalEnergies Revenue Collapse
Moreover, the company recorded a post-tax loss of ₦17.18 billion, contrasting sharply with the ₦27.50 billion profit in 2024.
Revenue fell 26% to ₦767.63 billion, directly affecting the company’s ability to cover its costs.
Meanwhile, the company spent ₦685.56 billion on cost of sales, leaving a gross profit of ₦82.07 billion, down 29%.
Rising Costs And Expenses
Consequently, operating profit tumbled 85% to ₦9.49 billion, as administrative and selling expenses surged sharply.
In addition, finance costs increased 12% to ₦21.99 billion, further straining overall profitability.
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The company’s total assets dropped 8% to ₦434.35 billion, retained earnings fell 21% to ₦44.05 billion, and equity declined 41%.
Earlier, the end of 2024 already hinted at a slowdown, with profit declining to only ₦74 million.
Furthermore, the Q4 2024 forecast projected a mild post-tax loss of ₦2.2 billion, but the company reported actual Q4 losses of ₦3.1 billion, showing deeper challenges.
Impact And Outlook
As a result, future dividend growth may face disruption after increasing steadily from ₦6 per share in 2020 to ₦40 in 2024.
The company’s share price fell 8.31% in 2024, closing at ₦640, and it remained largely flat in 2025.
Despite the losses, investors value the company, reflected in a market capitalisation of ₦217 billion, far above net assets of ₦44 billion.
Overall, the 2025 results highlight the company’s struggles with cost control and revenue generation, but also show resilience.
Looking ahead, TotalEnergies must manage expenses effectively and increase revenue to restore financial strength.
