TotalEnergies Ghana posts 9% profit growth, proposes GH¢2.34 final dividend

TotalEnergies Marketing Ghana PLC has reported a profit after tax of GH¢319.08 million for the 2025 financial year, marking a 9.3% increase from the previous year’s GH¢291.92 million.

The company’s audited financial statements, released on March 31, 2026, showed a resilient performance despite a dip in total revenue, which declined to GH¢5.60 billion from GH¢6.14 billion in 2024. The revenue drop was primarily attributed to lower taxes and levies, which fell to GH¢992.29 million.

Profit before tax for the period under review rose to GH¢467.87 million, up from GH¢424.32 million a year earlier. Income tax expense was recorded at GH¢148.79 million, compared to GH¢132.40 million in 2024. Basic earnings per share saw an uptick to 2.85 pesewas, from 2.61 pesewas.

Dividend and Shareholder Returns

The board of directors has recommended a final dividend of GH¢2.3375 per share, which amounts to GH¢261.51 million for the 2025 financial year. Combined with an interim dividend, the total payout for the year stands at GH¢3.2245 per share, totaling GH¢360.74 million—unchanged from the previous year.

Balance Sheet and Cash Flow

The company’s balance sheet showed a reduction in total assets to GH¢1.67 billion, down from GH¢1.94 billion in 2024, while total liabilities also decreased to GH¢1.12 billion from GH¢1.33 billion. Total equity stood at GH¢552.60 million.

Cash and cash equivalents at the end of the year were reported at GH¢95.23 million, compared to GH¢170.89 million in the prior year. However, cash generated from operating activities strengthened significantly, rising to GH¢451.53 million from GH¢311.45 million in 2024.

Trade receivables declined to GH¢428.37 million from GH¢531.97 million, while trade payables fell to GH¢344.30 million from GH¢402.08 million.

Subsidiary Performance and Strategic Moves

The company’s subsidiary, Ghanstock Limited Company—in which TotalEnergies holds a 55% stake—recorded a net liability position of GH¢27.88 million at year-end, exceeding the company’s investment of GH¢274,000.

During the year, TotalEnergies Ghana disposed of its 48.5% shareholding in Ghana Bunkering Services Limited for GH¢4.26 million, realizing a profit of GH¢862,000 on the transaction.

The financial statements were signed by Managing Director Daniel Mayieka and Chairman Philippe Ebanga. The audit for the year was conducted by PricewaterhouseCoopers, with a total group audit fee of GH¢837,000.

TotalEnergies Marketing Ghana PLC remains a subsidiary of TotalEnergies Marketing Afrique, a company incorporated in France, with the ultimate parent company being TotalEnergies SE.