Business

TotalEnergies Faces a Challenging Quarter: Net Income Plummets by 33% to $3.8B

Financial Performance Overview

TotalEnergies SE has reported a significant downturn in its financial performance for the first quarter of 2025. The company's net income attributable to shareholders saw a 33% decrease year-on-year, dropping to $3.85 billion from $5.72 billion in the same period of 2024.

Adjusted Figures and EBITDA

The adjusted net income wasn't spared either, with an 18% decline to $4.2 billion. Additionally, the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 9% to $10.5 billion, highlighting the challenges faced by the energy giant.

Cash Flow and Earnings Per Share

Cash flow from operations excluding working capital also experienced a downturn, standing at $6.99 billion, which marks a 14% decrease from the previous year. Diluted earnings per share reflected this trend, dropping 15% to $1.83 compared to the first quarter of 2024.

Stay tuned for more updates as the story develops.