By Seun Ibiyemi
TotalEnergies Marketing Nigeria Plc has reported a significant decline in its financial performance for the year ended Dec. 31, 2025, posting both revenue contraction and a swing into losses.
According to its audited financial statements released on the Nigerian Exchange Ltd. on Monday, the company’s revenue fell by 26 per cent to N767.63 billion, down from N1.04 trillion recorded in 2024.
The downturn extended to profitability, with the firm reporting a loss before tax of N12.46 billion, a sharp reversal from the N42.26 billion profit posted in the previous year.
Similarly, TotalEnergies Nigeria recorded a loss after tax of N13.85 billion in 2025, compared with a profit of N27.50 billion in 2024, underscoring mounting operational and market pressures.
Total comprehensive income also declined, closing the year at a loss of N13.96 billion, against a gain of N27.49 billion recorded a year earlier.
Shareholders’ funds dropped by 37 per cent to N47.54 billion from N75.08 billion, reflecting the impact of the losses on the company’s equity base. However, share capital remained unchanged at N169.76 million.
Earnings per share weakened to a loss of 40.80 kobo, compared with earnings of 80.99 kobo in the prior year.
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The company’s share price also dipped by eight per cent to N640, down from N698.00 in 2024, mirroring investor sentiment amid the weaker financial results.
In terms of workforce, staff strength declined slightly to 413 employees from 420 recorded in the previous year.
The latest results highlight a challenging operating environment for downstream oil and gas firms, with cost pressures and market volatility continuing to weigh on performance.
