TotalEnergies Marketing Nigeria Plc has projected a profit after tax of about N1.32 billion for the second quarter ending June 2026, according to its financial forecast submitted to the Nigerian Exchange Limited (NGX).
In its profit and loss projection, the company expects to generate revenue of N169.91 billion during the period, while the cost of sales is estimated at N145.54 billion, resulting in a gross profit of N24.38 billion.
The forecast also shows that the company anticipates other income of N1.99 billion. Selling and distribution expenses are projected at N3.38 billion, while administrative costs are expected to reach N16.63 billion.
As a result, profit before tax is forecast at N2.00 billion, with an income tax expense of N681.55 million, bringing the projected profit after tax to N1.32 billion for the period.
The company’s cash flow projection indicates strong operating cash inflows. Cash receipts from customers are expected to reach N161.42 billion, while cash payments to suppliers and employees are estimated at N109.15 billion.
This is expected to generate N52.27 billion in cash from operations, and after income tax payments of N464.86 million, net cash provided by operating activities is forecast at N51.80 billion.
Under investing activities, the company plans to spend about N2.10 billion on the purchase of fixed assets. It also expects to earn interest income of N371.52 million and N25 million from the sale of property, plant and equipment, resulting in a net investing cash outflow of N1.70 billion.
Financing activities are projected to exert pressure on liquidity, with interest payments on overdrafts estimated at N4.72 billion and repayments of borrowings estimated at N47.50 billion, leading to a net cash outflow of N52.22 billion from financing activities.
SOURCE: LEADERSHIP NEWS PAPER
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