Omo, make we talk wetin happen for TotalEnergies Marketing Nigeria Plc wey just drop serious news for ground! Dem report say dem run pre-tax loss of N12.50bn for 2025, after dem don dey chop profit for six years straight! Abeg, wetin happen?
Na 2024, dem fit boast say dem get profit of N42.26bn, but this year e be like say rain fall for dem side. Revenue don drop waka go N767.63bn, dat na 26% fall from N1.04 trillion wey dem make last year. Just like say wetin dem cook no sweet again! And na im push dem enter dis wahala.
As dem dey explain am, gross profit don also drop go N82.07bn from N115.75bn last year. Normal profit wey dey come from di business too don fall sharply to N9.49bn from N61.87bn. Finance wahala join matter too, cos dem dey pay N21.99bn now for finance cost, wey be increase from N19.61bn. E get as e be, my people!
No be joke again, dem record total loss after tax wey reach N17.18bn, compare am to N27.50bn profit wey dem enjoy for 2024. Abeg, dry no dey sweet for dis matter! Comprehensive loss for di year na N17.29bn, say make we shine eyes, e dey serious!
Dem don talk say share price don decline by 8.31% last year, e close for N640. Na so dem dey play for market. Many people dey wonder as TotalEnergies go fit carry body follow dis financial wahala wey comot for una eyes.
But, wetin dey cause all dis decline? Na dem high operating and finance costs, plus 41.9% increase for administrative cost and 70.9% for selling expense, wey put more pressure on di company! E no easy at all!
Even though di company get strong asset base, dem still dey face serious challenges as N434.35bn assets don drop from N471.12bn. Cash too don reduce, from N91.31bn go reach N43.30bn. Na wah!
Shareholders dey feel di gbege as dem funds don drop by 41% to N44.21bn. Na im be say, shareholders dey see wetin dey happen like say dem dey follow movie wey no dey sweet! Dis package no go easy on their pocket at all!
With all dis matter wey dey happen, investors dey draw ear na wetin fit happen to dividend wey TotalEnergies dey dish out. For di past five years, dey don dey increase dividend from N6 per share reach N40 for 2024. But now, e fit be say dem no go fit pay again from all dis losses. Na im dem say, ‘No be every time we go chop!’
Make we dey hope say dem fit turn dis tide around, as dey get market cap of N217 billion wey still dey higher than net assets wey dem get of N44 billion. Nasal, market still dey look am somehow!
E be like say we dey for gidi gidi as di company dey try manage operation amidst all di wahala wey dem face. But for we wey dey watch, we go keep our fingers crossed and dey follow di matter as e dey unfold! Na so e be for TotalEnergies!
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