Total Energies Plc has consistently paid dividends since 2006, with a payout of 79 percent in the past seventeen years validating improved earnings and cash flow generation.
BusinessDay’s findings showed the downstream firm’s total dividend increased to N7.13 billion in 9M’2023 from N1.36 billion in the same period of 2022.
The firm’s interim dividend stood at N0.00 per qualifying ordinary share while the final dividend stood at N21.00 per qualifying ordinary share during the period which ended in September 2023.
Interest on deposits for unclaimed dividends rose to N62.84 million in 9M’2023 from N58.23 million in the same period of 2022.
Total Energies shareholders fund increased by 12 percent to N53.98 billion in nine months of 2023 from N48.04 billion in the same period of 2022 while share capital stood at 169.76 million year on year.
Read also: TotalEnergies, Conoil lead downstream companies in shareholders’ funds
Revenue grew 25 percent to N422.58 billion in 9M’2023 from N337.19 billion in the similar period of 2022.
Disagregation of revenue revealed that the network contributed N228.19 billion, general trade contributed the sum of N147.9 billion and aviation stood at N46.48 billion.
The firm’s cost of sales increased to N366.46 billion in 9M’2023 from N292.53 billion in the same period of 2022.
Total Energies incurred N4.78 billion on transport of supplies in 9M’2023 from N6.84 billion in the same period of 2022.
Other income grew to N3.2 billion in 9M’2023 from N2.65 billion in the similar period of 2022.
Profit after tax dropped to N10.82 billion in 9M’2023 from N12.51 billion in the same period of 2022.
Total Energies’ selling and distribution costs increased to N3.97 billion in 9M’2023 from N3.05 billion in the same period of 2022.
Read also: TotalEnergies’s H1 performance in 5 metrics
Administrative expenses surged to N29.16 billion in 9M’2023 from N23.71 billion in the same period of 2022.
Impairment write-back/loss on financial assets dropped to N75.22 million in 9M’2023 from N124.6 million in the same period of 2022.
Auditor’s remuneration rose to N56.75 million in 9M’2023 from N52.04 million in the same period of 2022.
Staff costs increased to N10.88 billion in 9M’2023 from N9.1 billion in the same period of 2022.
Total Energies inventories stood at N59.88 billion which entails finished goods worth N34.84 billion, raw materials worth N15.98 billion, goods in transit worth N5.77 billion, and consumable equipment and spares worth N3.29 billion.
Net finance costs increased to N3.34 billion in 9M’2023 from N1.9 billion in the same period of 2022.
Read also: TotalEnergies discovers oil, gas on OML102 offshore Nigeria
Net cash used in operating activities stood at N68.66 billion from N44.11 billion negative cash flow year on year.
The firm’s net cash used in investing activities stood at a negative of N4.01 billion in 9M’2023 from a negative of N5.97 billion in the same period of 2022.
Net cash generated from financing activities dropped to N28.4 billion in 9M’2023 from N84.85 billion in the same period of 2022.
Cash and cash equivalents stood dipped to N61.36 billion in the 9M’2023 from N98.48 billion in the same period of 2022.
Total Energies earnings per share stood at N31.87 per share from N36.83 per share during the reviewed period.
