TotalEnergies Nigeria Posts N8.02 Billion Profit in 2026

TotalEnergies Marketing Nigeria Plc returned to profitability in the nine months ending September 30, 2026, reporting a pre-tax profit of N8.02 billion, compared to a loss of N11.92 billion in the corresponding period of 2025. This recovery was aided by a 40.13% decline in finance costs.

However, the company's standalone third-quarter pre-tax profit of N1.31 billion fell short of the N2.62 billion forecast, despite revenue rising by 12.65% to N661.92 billion from N587.59 billion. Profit after tax improved to N5.84 billion from a loss of N14.10 billion, supported by increased petroleum product sales and reduced financing expenses.

TotalEnergies recorded a gross profit of N78.52 billion, a 19.42% increase from N65.76 billion a year earlier. Administrative expenses declined by 1.09% to N59.56 billion.

Despite these improvements, the net profit margin remained below 1%. Finance costs were significant, totaling N12.30 billion, which was 64% of operating profit.

The company also reduced its negative net working capital position to N11.06 billion.