TotalEnergies Marketing Nigeria Plc has released its financial forecast for the fourth quarter ending December 31, 2026, projecting a profit after tax of ₦1.20 billion.
According to the statement of profit or loss filed with the Nigerian Exchange (NGX), the petroleum marketing company expects to generate ₦196.73 billion in revenue for the three-month period spanning October to December 2026.
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Key Financial Highlights (Oct – Dec 2026 Forecast):
Revenue: ₦196.73 billion
Cost of Sales: (₦171.71 billion)
Gross Profit: ₦25.01 billion
Operating Profit: ₦5.62 billion
Net Finance Cost: (₦3.74 billion)
Profit Before Tax (PBT): ₦1.88 billion
Forecast Taxation: (₦677.07 million)
Profit After Tax (PAT): ₦1.20 billion
Cash Flow Expectations
In its statement of cash flows, TotalEnergies anticipates net cash provided by operating activities to reach ₦66.14 billion, supported by expected cash receipts of ₦186.89 billion from customers.
Investing activities are projected to consume ₦4.99 billion net, including capital expenditures of ₦6.27 billion on fixed assets, offset by ₦952.77 million in proceeds from property, plant, and equipment sales.
Financing cash outflows are estimated at ₦59.07 billion, driven by debt repayments totaling ₦55.00 billion and interest payments of ₦4.07 billion. Overall, the company forecasts a net increase of ₦2.08 billion in cash and cash equivalents over the quarter, ending the year with a net cash position of (₦97.59 billion).
