TotalEnergies Projects N1.3 Billion Profit for Q2 2026

TotalEnergies has projected a pre-tax profit of N1.3 billion for the second quarter of 2026, marking a notable recovery from a loss of N2.7 billion reported in the same quarter of 2025. The company anticipates earnings per share to reach N3.90.

For the full year of 2025, TotalEnergies recorded a post-tax loss of N17.18 billion, compared to a profit of N27.50 billion in 2024, indicating a sharp decline in profitability. The forecast for Q2 2026 includes expected revenue of N169.9 billion, a decrease from N202.2 billion in Q2 2025.

The company aims to reduce financial costs, primarily from bank overdrafts, from N7.1 billion in Q2 2025 to N4.7 billion in Q2 2026. This reduction is expected to support the company's return to profitability.

Despite the challenges, TotalEnergies' stock remains strong on the Nigerian exchange, trading around N640, reflecting cautious investor sentiment.