In a significant update for retail and institutional investors on the Nigerian Exchange (NGX), TotalEnergies Marketing Nigeria Plc has released its earnings forecast for the first quarter of 2026, projecting a profit after tax of ₦251.96 million.
This will be an improvement from the loss of N120.02 million in the corresponding period of 2025.
The company continues to operate on a very slim margin, and this is compounded by a reduction in gasoline imports following the ramp-up of the Dangote Refinery, which has positively transformed Nigeria’s refined-product supply landscape.
TotalEnergies Marketing forecasts revenue or sales of N277.84 billion in the first three months of 2026 and operating income of N6.69 billion.
While the figure appears conservative, analysts view the guidance as a “realistic floor” given the ongoing volatility in the downstream sector.
About the company
TotalEnergies Marketing Nigeria PLC is a Nigeria-based company, which operates the downstream sector of the oil and gas industry.
The principal activity of the Company is the blending of lubricants, sales and marketing of refined petroleum products, and solar products. It operates through three segments: Network, General Trade, and Aviation.
The Network segment include sales to service stations.
The General Trade segment provides sales to corporate customers excluding customers in the aviation industry.
The Aviation segment offers sales to customers in the aviation industry.
The Company has distribution network of over 570 service stations nationwide and a range of energy products and services. It offers motorcycle lubricants, engine oil for truck and bus, engine oils for heavy duty engines, and other lubricants.
The Company also offers a line of photovoltaic solar lightening solutions with portable solar lamps. It operates in approximately 130 countries.
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