TotalEnergies Marketing Nigeria Plc has projected a pre-tax profit of N1.3 billion for the second quarter of 2026, marking a potential turnaround from the N2.7 billion loss recorded in the same period last year.
The company expects earnings per share to reach N3.90 in Q2 2026, with revenue projected at N169.9 billion compared to N202.2 billion in Q2 2025.
Gross profit is expected to rise slightly to N24.3 billion from N23.9 billion previously, with the improvement stemming primarily from reduced operating expenses rather than revenue growth.
Administrative expenses are forecast to decline to N16.6 billion from N21.3 billion in Q2 2025, driving a projected 89.44 per cent increase in operating profit to N6.35 billion.
Finance costs are also expected to shrink significantly to N4.7 billion from N7.1 billion, as interest payments on bank overdrafts that previously weighed on profitability are reduced.
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The Q2 projection represents substantial improvement over the company’s Q1 2026 estimate of N251.9 million, signaling progress toward recovering from a difficult 2025 financial year.
TotalEnergies reported a post-tax loss of N17.18 billion for full year 2025, compared to a post-tax profit of N27.4 billion in 2024, marking the company’s first annual loss in six years.
Revenue declined 26 per cent to N767.63 billion in 2025 from N1.04 trillion previously, while gross profit fell 29 per cent to N82.07 billion as cost of sales remained elevated.
Administrative expenses surged 19.71 per cent to N77.4 billion during the year, causing operating profit to plummet 85 per cent to N9.49 billion.
Despite these challenges, TotalEnergies shares maintain a strong long-term uptrend on the Nigerian Exchange, currently hovering around N640 per share.
Investors await Q1 2026 earnings results for confirmation of improving fundamentals, which could trigger renewed bullish momentum in the stock price.
