TotalEnergies’ revenue for first quarter dips by 93% on diminished ‘white merchandise’ gross sales 

TotalEnergies Advertising Nigeria Plc has launched its monetary outcomes for the primary quarter ended thirty first March 2025, reporting a pre-tax revenue of N1.1 billion.

This marks a big decline of 93.34% from the N16.8 billion recorded in the identical quarter of 2024, pushed by a lower in income from ‘white merchandise.

Within the first quarter, complete income fell to N221.6 billion, down from N269.8 billion in Q1 2024, reflecting a year-over-year lower of 17.89%.

• Income from white merchandise, which embody Premium Motor Spirit, Automotive Gasoline Oil, and Aviation Turbine Kerosene, amounted to N155.5 billion, a decline in comparison with N218.5 billion in Q1 2024.
• Conversely, gross sales of lubricants and different merchandise rose to N66.08 billion, a rise from N51.2 billion final 12 months.

On a optimistic be aware, the corporate efficiently diminished its gross sales prices by 16.04%, from N234.7 billion reported in Q1 2024 to N197.1 billion.

• Nonetheless, regardless of cost-cutting measures, gross revenue decreased by 30.20%, settling at N24.5 billion.

Whereas ‘different revenue rose to N2.3 billion—primarily pushed by community revenue—administrative bills spiked by 22.72%, reaching N17.7 billion.

• Because of this, working revenue fell to N6.9 billion, a pointy decline of 62.73% from N18.6 billion within the first quarter of 2024.

Moreover, the corporate confronted rising finance prices, which escalated to N6.8 billion in Q1 2025, up from N3.5 billion.

On the stability sheet, complete property contracted by 5.37%, totaling N445.8 billion, whereas retained earnings fell by 18.25% to N61.2 billion.

Key Highlights: 

Income: N221.6 billion, -17.89% YoY

Price of gross sales: N197.1 billion, +16.04% YoY

Gross revenue: N24.5 billion, -30.20% YoY

Administrative bills: N17.7 billion, +22.72% YoY

Working revenue: N6.9 billion, -62.73% YoY

Finance prices: N6.8 billion, +94.07% YoY

Pre-tax revenue: N1.1 billion, -93.34% YoY

Retained earnings: N61.2 billion, -18.25% YoY

As of the shut of commerce on the twenty ninth of April 2025, TOTAL was priced at N705.00, representing a 1.00% year-to-date efficiency.