TotalEnergies posts N12.50bn pre-tax loss

TotalEnergies Advertising Nigeria Plc reported a pre-tax lack of N12.50bn for the monetary yr ended 31 December 2025, reversing a pre-tax revenue of N42.26bn recorded in 2024, following a pointy decline in income and weaker working efficiency.

In response to the corporate’s audited monetary statements launched to the Nigerian Trade, income fell 26 per cent to N767.63bn in 2025, in contrast with N1.04tn within the earlier yr.

The drop in income, mixed with increased working and finance prices, pushed the corporate right into a loss place. Gross revenue declined to N82.07bn, from N115.75bn in 2024, whereas working revenue fell sharply to N9.49bn, in contrast with N61.87bn a yr earlier.

Internet finance prices elevated to N21.99bn, from N19.61bn in 2024, additional weighing on earnings.

Because of this, TotalEnergies Nigeria recorded a loss after tax of N17.18bn, in contrast with a revenue of N27.50bn within the earlier yr. Complete complete loss for the yr stood at N17.29bn, in opposition to a complete revenue of N27.49bn in 2024.

Earnings per share declined to a lack of 50.59 kobo, from earnings of 80.99 kobo within the prior yr.

On the stability sheet, whole property decreased to N434.35bn, from N471.12bn in 2024, reflecting decrease inventories and money balances. Money and money equivalents dropped to N43.30bn, from N91.31bn.

Shareholders’ funds declined 41 per cent to N44.21bn, in contrast with N75.08bn in 2024, due largely to the full-year loss.

Complete liabilities stood at N390.14bn, barely decrease than N396.04bn recorded within the earlier yr, whereas loans and borrowings diminished to N83.18bn, from N115.70bn.