NGTotalEnergies Marketing Nigeria Plc reported a loss after tax of N13.853 billion for the financial year ending December 31, 2025, citing challenges such as price competition and market instability. This contrasts with a profit of N27.496 billion in 2024. The company's turnover dropped by 26% to N767.63 billion in 2025 compared to N1.041 trillion in 2024. The chairman attributed these issues to intensified price wars and the impact of the Dangote Refinery on the downstream petroleum sector. The board decided not to pay dividends for the year.
Bias read (Center): The article presents factual financial data and quotes from the company's chairman without overtly biased language or selective sourcing. It reports on corporate performance and market conditions without taking a stance on political or ideological issues.
Official sources cited
- organisation Annual General Meeting (AGM) Statement by Chairman Jean-Phillipe Torres