TotalEnergies posts 64% profit jump, sees more growth

TotalEnergies Marketing Ghana PLC has forecast improved performance in 2025, attributing this optimism to its comprehensive business strategies.

Managing Director Olufemi Babajide shared this outlook during the Ghana Stock Exchange’s “Facts Behind the Figures” forum, where the company presented its 2024 financial results and future plans.

The energy company reported an 11 percent year-on-year revenue growth, reaching GH¢6.1 billion in 2024. Profit after tax saw a remarkable 64 percent increase from GH¢169 million in 2023 to GH¢277 million last year. Babajide credited this strong performance to effective management strategies and expressed confidence in maintaining this positive trajectory.

Beyond financial metrics, TotalEnergies Ghana highlighted its substantial economic contributions, including creating employment for over 6,700 Ghanaians through its operations and supply chain. The company also contributed approximately GH¢1.7 billion to national tax revenues in 2024.

Several youth-focused programs formed a key part of the presentation. The Young Dealer Scheme provides interest-free financial support exceeding GH¢280 million monthly to help customer attendants become station managers, currently benefiting more than 230 dealers.

Through its Startupper Challenge, the company has supported over 60 young entrepreneurs with funding packages totaling GH¢4.8 million, while its Young Graduate Program has trained 39 university graduates for leadership roles.

The company’s corporate social responsibility initiatives include awarding scholarships to more than 200 tertiary students and implementing various environmental projects like tree planting and beach clean-ups.

Hannah Afriyie, Health, Safety, Security, Environment and Quality Manager, outlined the company’s sustainability framework called “Our 5 Levers for Sustainable Change.”

This strategy focuses on energy management, emissions reduction, environmental protection, community engagement, and employee welfare.

Notable implementations include solar-powered service stations and multiple ISO certifications in occupational health, quality management, and environmental standards.

Director Rexford Adomako-Bonsu emphasized the company’s strict governance policies, including zero tolerance for non-compliance and robust internal controls. These measures have earned TotalEnergies Ghana several international certifications recognizing its operational standards.

Closing the presentation, MD Babajide reiterated the company’s commitment to sustainable growth while thanking shareholders for their continued support.

“Our 2024 results demonstrate the effectiveness of our strategies, and we’re positioned to deliver even stronger performance in 2025,” he stated.

The presentation underscored TotalEnergies Ghana’s dual focus on business growth and socio-economic development, reinforcing its position as a key player in Ghana’s energy sector.

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