TotalEnergies Advertising Nigeria Plc has reported a loss earlier than tax of N11.92 billion for the 9 months ended September 2025, a pointy reversal from a N41.85 billion revenue in the identical interval final 12 months, representing a 128% year-on-year decline.
For the third quarter (July to September 2025), the corporate posted a loss earlier than tax of N10.23 billion, in comparison with a revenue of N11.28 billion in Q3 2024 and a revenue of N3.31 billion in Q2 2025, signaling sustained quarterly deterioration.
The outcome missed the corporate’s Q3 earnings forecast, which had projected a N1.43 billion revenue earlier than tax, additional emphasizing the severity of the downturn.
Nairametrics earlier reported the corporate might report full-year losses following a development of unhealthy earnings forecasted by the corporate.
Key Highlights
- Income: N587.59 billion (Down 26% YoY from N793.90 billion)
- Gross Revenue: N65.76 billion (Down 30% YoY from N93.70 billion)
- Working Revenue: N5.65 billion (Down 89% YoY from N52.89 billion)
- Pre-tax Revenue: N(11.92) billion (Down 128% YoY from N41.85 billion)
- Earnings per Share: N(41.54) (Down 151% YoY from N80.77)
- Whole Exterior Debt (brief and medium time period): N90.97 billion (Down from N115.70 billion as at FY 2024)
- Whole Property: N400.84 billion (Down from N471.12 billion as at FY 2024)
- Money Steadiness: N63.84 billion (Down from N91.31 billion as at FY 2024)
Driving the Numbers
The first driver of the corporate’s underwhelming efficiency was a vital drop in income, falling 26% year-on-year, reflecting both diminished product demand, decrease pricing, or provide chain points.
- The income from Q3 alone was N163.69 billion, far in need of the N263.96 billion recorded in Q3 2024 and under the forecast of N177.10 billion, indicating each quantity and pricing pressures.
- Whereas prices of gross sales have been decrease in absolute phrases, gross revenue nonetheless fell sharply, suggesting compression in margins.
- Working revenue collapsed 89% YoY, pushed by continued excessive administrative bills (N60.2 billion YTD) and promoting and distribution prices (N6.7 billion YTD), each solely barely down from 2024 figures.
- The corporate additionally suffered web finance prices of N17.57 billion, 59% greater than in 2024, as a result of continued publicity to bank overdrafts and borrowing prices regardless of lowering exterior debt ranges.
Stock ranges declined considerably from N152.02 billion in December 2024 to N107.96 billion, indicating probably slower restocking or tighter stock administration.
On the steadiness sheet, TotalEnergies has pared again complete property by 15% whereas liabilities diminished by solely 11%, weakening fairness by 37%.
Money move from operations was optimistic at N23.61 billion, however this was outweighed by heavy financing outflows, particularly curiosity funds (N20.4 billion) and dividends (N14.18 billion), leading to a web money lower of N15.99 billion within the interval.
Market Response
The market response was muted, with the share worth closing flat at N640 per share, a degree that has remained largely unchanged for many of the 12 months.
- This displays investor apathy or a “wait and see” method regardless of the poor earnings report.
- The inventory’s year-to-date return is actually flat, and month-to-date efficiency additionally reveals no vital motion.
- The corporate declared and paid a remaining dividend of N13.58 billion earlier within the 12 months, however no interim dividend was declared alongside this Q3 outcome.