TotalEnergies Marketing Nigeria Plc expects its third-quarter profit to slump by more than 60 percent compared to the prior quarter, as higher financing costs and weaker top-line performance erode earnings.
Profit for the three months ending September 2025 is projected at N543 million, down from N1.41 billion in the second quarter, according to the company’s forecast filings on the NGX.
The decline comes despite a modest rise in gross profit, highlighting mounting pressure from administrative and interest expenses that are tightening margins.
