CAMEROON : Tradex S.A. Reports Profit of 15 Billion CFA Francs in 2024

(LVDE) – This profit was recently announced by the company, despite a 5.4% drop in revenue, which stood at 367 billion CFA francs. This result marks a record for the company, which continues to strengthen its position in Cameroon’s hydrocarbons market.

According to consolidated data for the 2024 financial year, Tradex S.A. achieved a turnover of 367 billion CFA francs, down from 388 billion in 2023, representing a 5.4% decrease. However, the company posted a net profit of 15 billion CFA francs, up from 14 billion the previous year, reaching its highest level ever recorded.

Since 2020, Tradex S.A. has shown an overall positive trajectory. In 2020, revenue stood at 230 billion CFA francs with a net profit of 7 billion. The following year, despite a slight increase in revenue to 246 billion, profit dropped to 5 billion. However, 2022 marked a turning point with revenue of 354 billion and net profit of 11 billion. An executive attributed this performance to “effective management combined with a commitment to quality and innovation, enabling the company to capture new market shares.”

Present in the petroleum distribution market since 2006, Tradex has quickly established itself as a key player in Cameroon, ranking second behind Total. This leading position is the result of a dynamic expansion strategy and targeted investments.

Between 2019 and 2024, Tradex invested 8.2 billion CFA francs to modernize and expand its network. During this period, the company opened 17 new service stations, bringing its total to 90 and covering all ten regions of the country. This expansion and investment strategy has enabled Tradex to grow its market share from 22.4% in 2019 to 28% in 2024, thereby strengthening its position in the national petroleum distribution market.

The company has also adapted to market challenges by diversifying its offering and improving service quality. Tradex remains committed to meeting the growing needs of Cameroonian consumers while aligning with international safety and sustainability standards.

Despite market fluctuations, Tradex S.A. demonstrates remarkable resilience, showcasing its ability to navigate a complex economic environment. With solid financial results and a well-defined expansion strategy, the company appears well-positioned to continue its growth and reinforce its role as a central player in Cameroon’s energy sector.

Although Tradex S.A.’s revenue experienced a slight decline in 2024, the increase in net profit reflects effective management and a successful expansion strategy. The company continues to grow while consolidating its market share, allowing it to maintain its leadership in Cameroon’s hydrocarbons sector.