TotalEnergies Marketing Nigeria Plc reported a pre-tax loss of N12.50bn for the financial year ended 31 December 2025, reversing a pre-tax profit of N42.26bn recorded in 2024, following a sharp decline in revenue and weaker operating performance.
According to the company’s audited financial statements released to the Nigerian Exchange, revenue fell 26 per cent to N767.63bn in 2025, compared with N1.04tn in the previous year.
The drop in revenue, combined with higher operating and finance costs, pushed the company into a loss position. Gross profit declined to N82.07bn, from N115.75bn in 2024, while operating profit fell sharply to N9.49bn, compared with N61.87bn a year earlier.
Net finance costs increased to N21.99bn, from N19.61bn in 2024, further weighing on earnings.
As a result, TotalEnergies Nigeria recorded a loss after tax of N17.18bn, compared with a profit of N27.50bn in the previous year. Total comprehensive loss for the year stood at N17.29bn, against a comprehensive income of N27.49bn in 2024.
Earnings per share declined to a loss of 50.59 kobo, from earnings of 80.99 kobo in the prior year.
On the balance sheet, total assets decreased to N434.35bn, from N471.12bn in 2024, reflecting lower inventories and cash balances. Cash and cash equivalents dropped to N43.30bn, from N91.31bn.
Shareholders’ funds declined 41 per cent to N44.21bn, compared with N75.08bn in 2024, due largely to the full-year loss.
Total liabilities stood at N390.14bn, slightly lower than N396.04bn recorded in the previous year, while loans and borrowings reduced to N83.18bn, from N115.70bn.
