Board Pins Recovery on Operational Excellence, Strategic Investments and Customer-Centric Growth
Despite navigating one of the most challenging operating environments in recent years, TotalEnergies Marketing Nigeria Plc has expressed confidence in its ability to deliver improved returns to shareholders in the 2026 financial year.
The assurance was given by the Chairman of the company’s Board of Directors, Jean-Phillipe Torres, during the firm’s 48th Annual General Meeting (AGM) held virtually on June 18, 2026.
Addressing shareholders, Torres acknowledged that the company’s 2025 financial performance fell short of expectations due to market volatility, supply disruptions and significant changes in Nigeria’s downstream petroleum sector. However, he stressed that management has already begun implementing measures aimed at restoring profitability and driving sustainable growth.
According to him, the company remains resilient and strategically positioned to overcome industry challenges while creating long-term value for investors.
“We have seen significant improvements in our profitability during the first quarter of 2026, and this gives us strong reasons to be optimistic about the future,” Torres stated.
He explained that the company’s recovery strategy is built around operational excellence, enhanced customer service, efficient cost management, uninterrupted product supply and sustained investment in critical infrastructure.
Torres noted that the emergence of new market realities, particularly the commencement of operations by the Dangote Refinery, altered competitive dynamics within the downstream sector and contributed to pressure on sales volumes and profit margins during the review period.
He also cited fluctuating crude oil prices, inventory-related losses and broader macroeconomic headwinds as factors that affected the company’s earnings in 2025.
To strengthen future performance, the company plans to intensify efforts to provide superior services across its retail network, improve product quality, particularly in the lubricants segment, and upgrade service stations nationwide to enhance customer experience and loyalty.
The chairman further disclosed that management is maintaining strict discipline in cost control and cash management while continuing to invest in capital projects that will support long-term profitability and business sustainability.
“Our focus is not only on overcoming current challenges but also on building a stronger and more competitive company for the future,” he said.
Expressing confidence in the company’s prospects, Torres stated that TotalEnergies’ restructured operations and highly skilled workforce would play a critical role in delivering improved financial performance and attractive returns for shareholders in 2026 and beyond.
He also commended employees, shareholders, customers, transporters and suppliers for their continued support and commitment, describing their contributions as vital to the company’s ongoing transformation and growth journey
