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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TotalEnergies Marketing Nigeria's retained earnings for the quarter that ended in Dec. 2025 was ₦47,370 Mil.
TotalEnergies Marketing Nigeria's quarterly retained earnings
declined
from Mar. 2025 (₦61,210 Mil) to Sep. 2025 (₦47,227 Mil) but then
increased
from Sep. 2025 (₦47,227 Mil) to Dec. 2025 (₦47,370 Mil).
TotalEnergies Marketing Nigeria's annual retained earnings
increased
from Dec. 2023 (₦55,908 Mil) to Dec. 2024 (₦74,911 Mil) but then
declined
from Dec. 2024 (₦74,911 Mil) to Dec. 2025 (₦47,370 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
TotalEnergies Marketing Nigeria Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ₦47,370 Mil mean?
TotalEnergies Marketing Nigeria (NSA:TOTL) has a Retained Earnings of ₦47,370 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on TotalEnergies Marketing Nigeria and its competitors.
Is TotalEnergies Marketing Nigeria's Retained Earnings too high?
TotalEnergies Marketing Nigeria's current Retained Earnings is ₦47,370 Mil. Overall, TotalEnergies Marketing Nigeria has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies Marketing Nigeria's Retained Earnings compare to MPC and VLO?
TotalEnergies Marketing Nigeria's Retained Earnings of ₦47,370 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on TotalEnergies Marketing Nigeria and its competitors. TotalEnergies Marketing Nigeria's current Retained Earnings is ₦47,370 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TotalEnergies Marketing Nigeria stock overvalued right now?
Based on GuruFocus' analysis, TotalEnergies Marketing Nigeria (NSA:TOTL) is currently considered Fairly Valued. The stock's GF Value™ is ₦585.20, compared to a current price of ₦640.00 — trading 9.4% above its estimated fair value. The current Retained Earnings is ₦47,370 Mil. TotalEnergies Marketing Nigeria's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For TotalEnergies Marketing Nigeria (NSA:TOTL), the current Retained Earnings is ₦47,370 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TotalEnergies Marketing Nigeria (NSA:TOTL) Overvalued in 2026?
Based on GuruFocus' analysis, TotalEnergies Marketing Nigeria stock appears to be overvalued.
The current stock price of ₦640.00 is trading 9.4% above its estimated GF Value™ of ₦585.20.
GuruFocus considers TotalEnergies Marketing Nigeria to be Fairly Valued.
Key valuation signals for NSA:TOTL:
Retained Earnings: ₦47,370 Mil
GF Value™: ₦585.20 vs. price of ₦640.00 (9.4% above fair value)
No single metric tells the full story. See the NSA:TOTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TotalEnergies Marketing Nigeria Business Description
TotalEnergies Marketing Nigeria PLC is engaged in the marketing and distribution of petroleum products. Its operating segment includes the Network segment, which includes sales to service stations. The General Trade segment is engaged in sales to corporate customers, excluding customers in the aviation industry. Its Aviation segment is engaged in sales to customers in the aviation industry. The company generates maximum revenue from the Network segment. Geographically, it derives a majority of revenue from Nigeria. Its product categories include Motorcycle Lubricants, Engine Oil for Cars, Engine Oils for Heavy-Duty Engines, and Other Lubricants.
65GF Score
Get the complete analysis for NSA:TOTL
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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