Listed French multinational energy and petroleum company, TotalEnergies Marketing Kenya Plc, has reported a profit after tax of KSh 1.1Bn in H1 2025, up 17% from KSh 939Mn for the same period last year.
- •Revenues from customers dropped 10.5% to KSh 70.9Bn from KSh 79Bn same period last year.
- •Gross profit increased to KSh 5.33Bn compared to 2024’s KSh 4.75Bn, supported by higher sales volumes across business segments, notwithstanding aggressive price competition.
- •The company expects resilience in performance and stable growth for the rest of 2025.
Other income fell to KSh 753Mn from KSh 1.23Bn, mainly due to lower interest income, though shops and food services improved.
Operating expenses rose on inflationary pressures. Net finance costs dropped to KSh 688Mn from KSh 1.52Bn on lower borrowing costs. Excluding HFO, sales in June 2025 were up 4% year-on-year after the Heavy Fuel Oil exit.
| Metric | June 2025 | June 2024 | YoY % |
|---|---|---|---|
| Revenue from Customers | 70.896 Bn | 79.212 Bn | 🔴 -10.5% |
| Net Revenue | 50.860 Bn | 61.664 Bn | 🔴 -17.5% |
| Cost of Sales | 45.531 Bn | 56.919 Bn | 🔴 -20.0% |
| Gross Profit | 5.328 Bn | 4.746 Bn | 🟢 +12.3% |
| Other Income | 752.662 Mn | 1.230 Bn | 🔴 -38.8% |
| Operating Expenses | 4.099 Bn | 3.871 Bn | 🔴 +5.9% |
| Net Finance Cost | 687.672 Mn | 1.524 Bn | 🟢 -54.9% |
| Net Forex Gain | 119.422 Mn | 674.211 Mn | 🔴 -82.3% |
| Profit Before Tax (PBT) | 1.414 Bn | 1.255 Bn | 🟢 +12.6% |
| Profit After Tax (PAT) | 1.101 Bn | 939.0 Mn | 🟢 +17.3% |
| Earnings per Share (EPS) | 1.75 | 1.49 | 🟢 +17.4% |
| Total Assets | 60.798 Bn | 67.932 Bn | 🔴 -10.5% |
| Total Equity | 32.599 Bn | 32.707 Bn | 🔴 -0.3% |
| Current Liabilities | 25.242 Bn | 32.831 Bn | 🟢 -23.1% |
| Cash & Bank Balances | 9.906 Bn | 11.437 Bn | 🔴 -13.4% |
Balance Sheet and Cash Flow
- •Total assets stood at KSh 60.8Bn, down 11% from KSh 67.9Bn in December 2024. Equity remained stable at KSh 32.6Bn while current liabilities dropped 23% to KSh 25.2Bn, reflecting lower trade payables.
- •Cash and bank balances declined to KSh 9.9Bn from KSh 11.4Bn. Net cash decreased by 2.1Bn in the half year.
- •Operating cash flow weakened, posting an outflow of KSh 366Mn compared to an inflow of 3.1Bn a year earlier.
- •Investing activities consumed KSh 794Mn, mainly for capital expenditure of KSh 992Mn. Financing outflows were KSh 913Mn, driven by interest and lease payments.
The company highlighted improved macroeconomic conditions with easing inflation and lower interest rates, though competition and market disruptions remain challenges.
The company has emphasized its focus on cost control, operational efficiency, and investments in network expansion and energy transition projects.
