TotalEnergies Marketing Nigeria Returns to Profit With N5.84bn as Revenue Hits N661.92bn

TotalEnergies Marketing Nigeria Plc recorded a revenue after tax of N5.84 billion for the 9 months ended September 30, 2026, reversing a lack of N14.10 billion reported within the corresponding interval of 2025.

The petroleum advertising firm disclosed the turnaround in its unaudited monetary statements permitted by the Board of Directors on October 23, 2026.

Revenue elevated by 12.7% to N661.92 billion from N587.59 billion, representing a further N74.33 billion in gross sales throughout the interval.

Profit earlier than tax stood at N8.02 billion in contrast with a lack of N11.92 billion recorded within the corresponding interval of 2025.

The enchancment represents a N19.94 billion turnaround in pre-tax earnings, whereas revenue after tax improved by N19.95 billion.

The return to profitability additionally lifted earnings per share to N17.21 from a loss per share of N41.54 within the earlier yr.

The firm reported the improved earnings alongside an enlargement in its stability sheet, with complete property growing by 9.7% to N426.31 billion as of September 30, 2026, from N388.55 billion on the finish of December 2025.

Current property rose to N349.04 billion from N310.64 billion, supported by larger commerce receivables and money balances.

Cash and money equivalents elevated by 25.2% to N56.06 billion from N44.78 billion, whereas commerce and different receivables rose to N165.23 billion from N129.58 billion.

However, inventories declined to N123.54 billion from N133.46 billion, indicating a discount within the worth of inventory held throughout the interval.

Total loans and borrowings decreased to N81.76 billion from N84.67 billion, representing a discount of N2.91 billion.

Despite the advance in earnings and money balances, commerce and different payables elevated to N270.40 billion from N236.53 billion, reflecting larger excellent obligations to suppliers and different collectors.

Shareholders’ fairness strengthened to N53.38 billion from N47.54 billion at December 2025, supported by the corporate’s return to profitability.

The monetary statements additionally confirmed that TotalEnergies Marketing Nigeria maintained a workforce of 403 workers as of September 2026, in contrast with 411 within the corresponding interval of 2025.

The firm’s restoration marks a big enchancment from the losses recorded a yr earlier, with stronger income and constructive earnings contributing to its improved monetary place.

However, the rise in commerce receivables and excellent payables stays an necessary consideration in assessing the corporate’s working capital place.