Lagos, Nigeria – TotalEnergies Marketing Nigeria Plc forecasts a pre-tax profit of N1.3 billion ($863,000 USD) for the second quarter of 2026. The projection marks a potential turnaround from the N2.7 billion loss recorded in the same period last year.
Okay News reports that the company expects earnings per share to reach N3.90 in Q2 2026. Revenue is projected at N169.9 billion, down from N202.2 billion in Q2 2025.
Gross profit is expected to rise slightly to N24.3 billion compared to N23.9 billion previously. The improvement stems 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. This cost reduction drives the projected 89.44% increase in operating profit to N6.35 billion.
Finance costs are also expected to shrink significantly to N4.7 billion from N7.1 billion. These interest payments on bank overdrafts had previously weighed heavily on profitability.
The Q2 projection represents substantial improvement over the company’s Q1 2026 estimate of N251.9 million. It signals progress toward recovering from a difficult 2025 financial year.
TotalEnergies reported a post-tax loss of N17.18 billion ($11.4 million USD) for full year 2025. This compared to a post-tax profit of N27.4 billion in 2024, representing the company’s first annual loss in six years.
Revenue declined 26% to N767.63 billion in 2025 from N1.04 trillion previously. Gross profit fell 29% to N82.07 billion as cost of sales remained elevated at N685.55 billion.
Administrative expenses surged 19.71% to N77.4 billion during the year. Operating profit consequently plummeted 85% to N9.49 billion.
Net finance costs increased 12% to N21.99 billion due to reliance on bank overdrafts. These combined pressures pushed the company into loss territory.
Despite these challenges, TotalEnergies shares maintain a strong long-term uptrend on the Nigerian Exchange. The stock has traded sideways since September 2025, currently hovering around N640 per share.
Investors await Q1 2026 earnings results for confirmation of improving fundamentals. Stronger quarterly performance could trigger renewed bullish momentum in the stock price.
 for the second quarter of 2026. The projection marks a potential turnaround from the N2.7 billion loss recorded in the same period last year.){kind=link}