TotalEnergies Marketing Nigeria posts nine‑month profit as revenue climbs
TotalEnergies Marketing Nigeria Plc reported a profit after tax of N5.84 billion for the nine months ended 30 September 2026, reversing a loss of N14.10 billion in the same period a year earlier. Revenue rose 12.65 % to N661.92 billion, driven mainly by higher sales of white petroleum products. Pre‑tax profit reached N8.02 billion and operating profit jumped to N19.16 billion, helped by a sharp decline in finance costs. Earnings per share turned positive at N17.21.
Why it matters
The company’s return to profitability improves its cash‑generation capacity and may support dividend considerations, as noted in the filing. Lower finance costs, which fell to N12.30 billion, also enhance net margins, according to the company’s statement.
Key facts
- 1Profit after tax was N5.84 billion for the nine‑month period. tribuneonlineng.com
- 2Revenue increased 12.65 % to N661.92 billion year‑on‑year. tribuneonlineng.com
- 3Pre‑tax profit for the nine months was N8.02 billion, reversing a loss of N11.92 billion in 2025. nairametrics.com
- 4Operating profit rose to N19.16 billion from N5.65 billion a year earlier. tribuneonlineng.com
- 5Finance costs declined to N12.30 billion from N20.55 billion in the comparable period. nairametrics.com
- 6Earnings per share improved to N17.21, up from a loss per share of N41.54 in the prior year. nairametrics.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.