TotalEnergies Marketing Nigeria Plc has projected a revenue of N169.9 billion, as the company expects to record a Profit After Tax (PAT) of N1.32 billion for the first half of 2026, news.ng reports.
This was disclosed by the Executive Director, Olubunmi Popoola-Mordi, on Thursday.
According to the company’s financial projections for the first half of 2026, the projected revenue is expected between April and June 2026, while the cost of sales is expected to reach N145.54 billion, resulting in a gross profit of N24.38 billion. Within the given period, other income is expected to stand at N1.99 billion.
On the other hand, the petroleum products marketing company projected that operating expenses will negatively impact earnings, as selling and distribution costs are expected to be N3.38 billion, while administrative costs are projected at N16.63 billion.
Consequently, operating profit is expected to be N6.35 billion after accounting for the expenses.
Further details revealed that a projected figure of N371.52 million will come from finance income, while an estimate of N4.72 billion will be recorded as finance costs. As a result, Profit Before Tax is pegged at N2.00 billion.
Overall, the company projected a Profit After Tax of N1.32 billion after settling income tax expenses of N681.55 million.
