TotalEnergies Marketing Ghana Plc reported a 47% surge in net profit to GH¢168.2 million for H1 2025, driven by expanded fuel margins and operational efficiencies.
Revenue grew 6.6% year-on-year to GH¢3.6 billion, with gross profit jumping 21% to GH¢467.1 million, according to unaudited financial statements.
Margin Expansion: Gross profit margin rose to 13% (H1 2024: 11.4%) despite higher sales volumes, reflecting improved cost management and inventory gains (+GH¢16.6 million).
Operational Efficiency: Administrative expenses rose modestly to 5.8% of revenue, while finance costs halved to GH¢20.8 million due to debt reduction.
Shareholder Returns: Dividends soared 254% to GH¢287.1 million, reducing retained earnings to GH¢472.4 million.
Liquidity Adjustment: Cash reserves fell 35% to GH¢123.2 million, offset by a GH¢268 million reduction in trade receivables.
Debt Management: Bank overdrafts declined 77% to GH¢47.1 million, though lease liabilities held steady at GH¢26.9 million.
Currency Impact: Foreign exchange losses of GH¢6.8 million reflected cedi volatility, consistent with broader market trends.
The results align with Ghana’s downstream petroleum sector recovery, where easing inflation (13.7% in June 2025) boosted consumer fuel demand. TotalEnergies holds 55% stake in subsidiary Ghanstock Limited, consolidated in these statements.
