TotalEnergies Marketing Ghana, the fuel distributor listed on the Ghana Stock Exchange, reported consolidated net profit of GH¢221.85 million for the first nine months of 2026, down 16.1% from a year earlier. Revenue fell 18.1% to GH¢4.21 billion, according to unaudited financial statements released on October 30 for the period ended September 30.
Sales were nearly GH¢929 million lower than the GH¢5.13 billion reported for the same period in 2025. The cost of sales also declined, to GH¢3.56 billion from GH¢4.43 billion, lifting the group’s gross profit margin to 15.4% of revenue from 13.7%. Gross profit nevertheless eased to GH¢647.25 million from GH¢701.30 million.
Operating expenses put pressure on earnings
The relative improvement in margins was outweighed by higher general, administrative and selling expenses, which rose to GH¢337.27 million from GH¢311.07 million. Operating profit before financing costs consequently declined 15.2% to GH¢349.76 million.
The company cut its finance costs to GH¢12.24 million from GH¢27.82 million, helping limit the decline in pre-tax profit to GH¢338.06 million from GH¢385.96 million. The tax charge came to GH¢116.22 million. Profit attributable to the parent company’s shareholders was GH¢218.02 million, compared with GH¢261.77 million over the first nine months of 2025.
Net cash generated from operating activities reached GH¢236.97 million, down from GH¢246.08 million a year earlier. The group also reported GH¢261.51 million in dividends paid during the period. Its consolidated accounts include Ghanstock Limited, in which TotalEnergies Marketing Ghana holds a 55% stake.