WATCH THE VIDEO HERE TotalEnergies Marketing Nigeria Plc has released its financial results for the first quarter ended 31st March 2025, reporting a pre-tax profit of N1.1 billion. This marks a significant decline of 93.34% from the N16.8 billion recorded in the same quarter of 2024, driven by a decrease in revenue from ‘white products. In the first quarter, total revenue fell to N221.6 billion, down from N269.8 billion in Q1 2024, reflecting a year-over-year decrease of 17.89%. On a positive note, the company successfully reduced its sales costs by 16.04%, from N234.7 billion reported in Q1 2024 to N197.1 billion. While ‘other income rose to N2.3 billion—primarily driven by network income—administrative expenses spiked by 22.72%, reaching N17.7 billion. Additionally, the company faced rising finance costs, which escalated to N6.8 billion in Q1 2025, up from N3.5 billion. On the balance sheet, total assets contracted by 5.37%, totaling N445.8 billion, while retained earnings fell by 18.25% to N61.2 billion. Key Highlights: As of the close of trade on the 29th of April 2025, TOTAL was priced at N705.00, representing a 1.00% year-to-date performance.
TotalEnergies’ profit for first quarter dips by 93% on reduced ‘white products’ sales
