Cote d'Ivoire: Total Ivorian Subsidiary Revenue Drops 5.8 Percent in Q1

7 May 2025
Daba Finance (Abidjan)

TLDR

  • TotalEnergies Marketing Côte d'Ivoire (BRVM: TTLC) posted first-quarter revenue of 147.98 billion CFA francs ($256.3 million), down 5.8%
  • Net income fell 30.6% to 2.21 billion CFA francs ($3.82 million) from 3.18 billion CFA francs in Q1 2024
  • The company attributed the significant profit decline to reduced off-network sales during the first quarter

TotalEnergies Marketing Côte d'Ivoire (BRVM: TTLC) posted first-quarter revenue of 147.98 billion CFA francs ($256.3 million), down 5.8% from 157.07 billion CFA francs in the same period last year.

Net income fell 30.6% to 2.21 billion CFA francs ($3.82 million) from 3.18 billion CFA francs in Q1 2024, according to a company statement released today. Operating income before tax decreased 9.3% to 3.14 billion CFA francs ($5.43 million).

Keep up with the latest headlines on WhatsApp | LinkedIn

The company attributed the significant profit decline to reduced off-network sales during the first quarter. TotalEnergies Marketing Côte d'Ivoire operates as a subsidiary of global energy company TotalEnergies SE. The Abidjan-based firm has registered capital of 3.15 billion CFA francs ($5.45 million).

Daba is Africa's leading investment platform for private and public markets. Download here

Key Takeaways

TotalEnergies has expanded its presence in West Africa's energy market despite regional challenges. The company operates in approximately 120 countries worldwide, focusing on oil, natural gas, biofuels, low-carbon hydrogen, renewables, and electricity production. The revenue decline mirrors broader trends in francophone West Africa's energy sector, where fluctuating global oil prices and regional economic pressures have impacted downstream operators. TotalEnergies maintains market leadership in Côte d'Ivoire's petroleum distribution sector despite increased competition from local and international players. The company has recently emphasized renewable energy investments across Africa as part of its global strategy to reduce carbon intensity while maintaining profitability in traditional petroleum markets.

Read the original article on Daba Finance.

Tagged:
Copyright © 2025 Daba Finance. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 80 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.