Financial Downturn for TotalEnergies

In a surprising turn of events, TotalEnergies SE announced a significant decrease in its net income for the first quarter of 2025. The company reported a 33% year-on-year drop, with net income attributable to shareholders falling to $3.85 billion from $5.72 billion in the same period last year.

Adjusted Figures Also Show Decline

The adjusted net income wasn't spared either, witnessing an 18% decrease to $4.2 billion. Similarly, the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a 9% decline, settling at $10.5 billion.

Cash Flow and Earnings Per Share Take a Hit

Cash flow from operations, excluding working capital, stood at $6.99 billion, marking a 14% drop from the previous year. Diluted earnings per share also decreased by 15% to $1.83, compared to the first quarter of 2024.

Stay tuned for more updates on this developing story.