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Total Energies' Profit Plunges 93% in Q1 as Core Fuel Business Falters
The Business NG
|The BusinessNG
Total Energies Marketing Nigeria Plc started 2025 on a disappointing note, recording a sharp reversal from its record 2024 performance.
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In Q1 2025, the company posted a 93% plunge in pre-tax profit to N1.12 billion and slipped into a post-tax loss of N120 million. This compares to a N42 billion pre-tax and N27.5 billion post-tax profit for FY 2024, and N11.4 billion post-tax profit in Q1 2024.
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