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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

TotalEnergies Marketing Nigeria

TOTAL · Nigerian Exchange · Company statements

On this page
Company details
Legal name
TotalEnergies Marketing Nigeria Plc
Listing
TOTAL on the Nigerian Exchange, active · ISIN NGTOTAL00001 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Revenue

    NGN 768 billion

    767,633,513 NGN thousands · p45

    −26.3% vs 2024

  • Operating profit / (loss)

    NGN 9.15 billion

    9,149,345 NGN thousands · p45

    −85.2% vs 2024

  • Profit / (loss) for the year

    −NGN 13.9 billion

    (13,853,132) NGN thousands · p45

    Moved from profit to loss (FY2024: 27,496,279 NGN thousands)

  • Total assets

    NGN 389 billion

    388,550,383 NGN thousands · p44

    −17.5% vs 2024

  • Total equity

    NGN 47.5 billion

    47,539,901 NGN thousands · p44

    −36.7% vs 2024

  • Cash from operations

    NGN 2.60 billion

    2,599,071 NGN thousands · p47

    −76.6% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue 767,633,513 1,041,904,122
Cost of sales (685,559,414) (926,151,298)
Gross profit 82,074,099 115,752,824
Other income 14,120,113 30,802,810
Other expenses –1 (5,231,791)
Selling & distribution costs (9,045,775) (14,659,816)
Administrative expenses (77,809,081) (64,714,655)
Net impairment loss on financial assets (190,011) (83,079)
Operating profit 9,149,345 61,866,293
Finance income 4,013,215 6,265,958
Finance costs (25,619,716) (25,876,376)
Net finance costs2 (21,606,501) (19,610,418)
(Loss)/profit before income taxation (12,457,156) 42,255,875
Income taxation (1,395,976) (14,759,596)
(Loss)/profit for the year (13,853,132) 27,496,279
Actuarial loss on employee benefits during the year3 (80,550) (3,713)
Related tax4 (26,581) (1,225)
Other comprehensive loss (107,131) (4,938)
Total comprehensive (loss)/income for the year (13,960,263) 27,491,341
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
Notes and alternative reported figures (3)
  1. “Net finance costs” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: finance income less finance costs.
  2. “Actuarial loss on employee benefits during the year” is an issuer-specific line, not mapped to a shared definition: Note 12 (i); OCI not reclassified.
  3. “Related tax” is an issuer-specific line, not mapped to a shared definition: Note 11.3; tax on the actuarial loss, printed negative.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property , plant and equipment 62,038,414 61,728,481
Right-of-use assets 9,772,313 8,962,987
Intangible assets 74,426 132,889
Trade and other receivables1 6,021,005 8,165,923
Total non-current assets 77,906,158 78,990,281
Inventories 133,460,192 152,023,837
Witholding tax receivables2 845,156 897,239
Trade and other receivables 129,575,047 144,135,425
Prepayments3 1,979,387 3,762,951
Cash and cash equivalents 44,784,443 91,312,943
Total non-current assets 310,644,225 392,132,395
Total assets 388,550,383 471,122,676
Share capital 169,761 169,761
Retained earnings 47,370,140 74,911,277
Total equity 47,539,901 75,081,038
Deferred tax liabilities 6,416,452 8,471,739
Lease liabilities 343,925 390,800
Employee benefits4 3,456,959 2,838,828
Total non-current liabilities 10,217,336 11,701,367
Current tax liabilities 3,695,036 14,173,566
Loans and borrowings5 84,671,515 115,700,078
Trade and other payables 236,527,566 248,002,473
Deferred income6 5,544,439 6,061,236
Lease liabilities 354,590 402,918
Total current liabilities 330,793,146 384,340,271
Total liabilities 341,010,482 396,041,638
Total equity and liabilities 388,550,383 471,122,676
Notes and alternative reported figures (6)
  1. “Trade and other receivables” is an issuer-specific line, not mapped to a shared definition: Note 19.1; non-current assets (long-term receivables).
  2. “Witholding tax receivables” is an issuer-specific line, not mapped to a shared definition: Note 11.2.1; current assets (withholding tax credit notes).
  3. “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 20; current assets.
  4. “Employee benefits” is an issuer-specific line, not mapped to a shared definition: Note 12; non-current liabilities (defined benefit and other long-term employee benefits).
  5. “Loans and borrowings”: mapping to a shared definition is uncertain. Printed 'Loans and borrowings'; note 27 shows the whole balance as bank overdrafts (84 671 515; 2024: 115 700 078) deducted from cash in the statement of cash flows (PDF p83).
  6. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 25; current liabilities.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit after non-cash adjustments (unlabelled subtotal)1 16,514,924 78,003,152
Cash generated from operating activities2 17,237,495 16,622,629
Payment for employee benefits3 (231,526) (234,220)
Interest received on staff loans4 828,004 473,889
Interest paid on lease liabilities (482,445) (405,647)
Tax paid (13,712,848) (5,091,494)
Payment on back duty taxes5 –6 (32,575)
Withholding tax paid7 (1,039,609) (232,259)
Net cash generated from operating activities 2,599,071 11,100,323
Additions to right-of-use asset8 (3,507,729) (3,383,231)
Purchase of property , plant and equipment (10,876,339) (25,328,264)
Purchase of intangible assets –9 (18,868)
Interest received on deposits for unclaimed dividend10 193,781 145,163
Decrease/(increase) in long term receivables11 2,144,918 (1,041,636)
New leases12 879,892 658,421
Interest received on deposits 2,991,430 5,646,906
Proceeds from disposal of property , plant and equipment 6,077,778 53,993
Net cash used in investing activities (2,096,269) (23,267,516)
Interest paid on bank overdraft13 (25,130,751) (17,811,871)
Interest paid on import loans14 –15 (5,814,467)
Interest paid on other loans16 (6,520) (1,844,391)
Payment on lease liabilities (975,095) (818,054)
Additional borrowings (excluding bank overdraft) –15 133,931,590
Repayment of borrowings –15 (162,318,097)
Dividends paid (13,393,433) (8,110,465)
Net cash used in financing activities (39,505,799) (62,785,755)
Net decrease in cash and cash equivalents (39,002,996) (74,952,948)
Cash and cash equivalents at 1 January (24,387,135) 32,004,468
Effect of movement in exchange rates on cash held 23,503,059 18,561,345
Cash and cash equivalents as at period ended 31 December (39,887,072) (24,387,135)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (13)
  1. “Profit after non-cash adjustments (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the loss for the year and the adjustments, before changes in working capital.
  2. “Cash generated from operating activities”: mapping to a shared definition is uncertain. Printed 'Cash generated from operating activities': cash generated after working-capital changes, before employee-benefit payments, interest and taxes; the total is 'Net cash generated from operating activities'.
  3. “Payment for employee benefits” is an issuer-specific line, not mapped to a shared definition: Note 12 (i); operating activities.
  4. “Interest received on staff loans” is an issuer-specific line, not mapped to a shared definition: Note 9; operating activities.
  5. “Payment on back duty taxes” is an issuer-specific line, not mapped to a shared definition: Note 11.2; operating activities.
  6. “Withholding tax paid” is an issuer-specific line, not mapped to a shared definition: Note 11.2; operating activities.
  7. “Additions to right-of-use asset” is an issuer-specific line, not mapped to a shared definition: Note 17 (iii); investing activities.
  8. “Interest received on deposits for unclaimed dividend” is an issuer-specific line, not mapped to a shared definition: Note 9; investing activities.
  9. “Decrease/(increase) in long term receivables” is an issuer-specific line, not mapped to a shared definition: Note 19.1 (a); investing activities.
  10. “New leases” is an issuer-specific line, not mapped to a shared definition: Note 23; investing activities, printed as an inflow.
  11. “Interest paid on bank overdraft” is an issuer-specific line, not mapped to a shared definition: Note 9; financing activities.
  12. “Interest paid on import loans” is an issuer-specific line, not mapped to a shared definition: Note 9; financing activities.
  13. “Interest paid on other loans” is an issuer-specific line, not mapped to a shared definition: Note 9; financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 (40.80) 80.99
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted (loss)/earnings per share”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (13,393,433) NGN thousands Annual report, p47
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (8,110,465) NGN thousands Annual report, p47

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • TotalEnergies Marketing Nigeria Plc 2025 Annual Report & Financial Statements

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers (Chartered Accountants, Lagos), unmodified opinion · signed

    Auditor's sign-off: Cyril Azobu (engagement partner), for PricewaterhouseCoopers

    Final status: Independent auditor's report (unmodified opinion, PDF p37) signed by hand for PricewaterhouseCoopers, Lagos, engagement partner Cyril Azobu (FRC/2013/PRO/ICAN/004/00000000648), dated 27 March 2026 (PDF p40, render checked). Statements approved by the board on 18th March 2026 and signed by Wilfried Konde (Managing Director), Olubunmi Popoola-Mordi (Executive Director) and Samson Eghwerehe (Head of Finance) with handwritten signatures (PDF p44, render checked).

    Document date
    27 Mar 2026
    Auditor's report
    27 Mar 2026
    Board approval
    18 Mar 2026
    Retrieved by us
    17 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “₦'000”)
    • Earnings per share is printed in naira per 50 kobo share ((40.80); 2024: 80.99; basic and diluted) (p45, note 14 p75). The board approval date (18th March 2026, p44) precedes the auditor's report date (27 March 2026, p40); both as printed.
    • The subtotal of the current assets is printed with the label 'Total non-current assets' (310 644 225; 2024: 392 132 395), the same label as the non-current subtotal above it (p44); recorded as current assets. 'Loans and borrowings' (current) are bank overdrafts per note 27, and cash in the statement of cash flows is net of them (PDF p83). Interest paid on borrowings is presented in financing activities and interest received on deposits in investing activities (p47).
    Technical details
    File
    110 pages, with a text layer
    SHA-256
    f0ac5ac548ea0b0bb7e9e9c1c3e293f2becf0cca7e024b0acab5284a2fb3c2b0
    Entity as printed
    TotalEnergies Marketing Nigeria Plc ('the company') (auditor's report, PDF p37); formerly Total Nigeria Plc (note 1, PDF p48)
    Issuer copy
    retrieved 2026-10-17T13:54:39Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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