TotalEnergies Marketing Nigeria Plc’s first-quarter 2025 financial report paints a mixed picture — one of short-term earnings pain but long-term balance sheet strength that may reassure value-focused investors.
Revenue for the quarter fell by 18 percent, from N269.83 billion in Q1 2024 to N221.62 billion in the same period this year. This decline reflects a softer sales environment, influenced by weaker demand for refined petroleum products and cost pressures across supply chains.
“The decline in revenue stemmed from weaker demand across its key product segments,” analysts at CardinalStone stated.