TotalEnergies reports 140.35% surge in full-year profit as revenue surpasses N1 trillion, recommends N40 final dividend 

This represents a 140.35% increase compared to the N17.5 billion pre-tax profit recorded in the previous year, driven by a rise in revenue.

The company’s full-year revenue increased from N635.9 billion reported in 2023 to N1.04 trillion, marking a 63.83% rise.

Sales costs also increased, rising to N926.1 billion, an increase from N554.1 billion.

On the downside, administrative expenses increased sharply to N64.7 billion, up from the N44.3 billion reported in 2023.

Despite this, operating profit reached N61.8 billion, compared to N23.9 billion in the prior year.

Total Energies’ board of directors recommended a final dividend of N40.00 per ordinary share of 50 kobo each, an increase from N25.00 in 2023.

As of the close of trading on April 4, 2025, TotalEnergies Marketing Nigeria Plc’s share price stood at N679.70, representing a year-to-date (YtD) decline of 2.62% compared to its opening price of N698 at the beginning of the year.

This comes after a strong performance in 2024, when the company’s shares recorded an impressive YtD gain of 81.30%.