Standard Investment Bank (SIB) Research has reaffirmed a 'BUY' recommendation for TotalEnergies Marketing Kenya Plc, projecting a significant 60.4% upside in its share price. This outlook is driven by anticipated earnings growth and strategic investments.

• SIB estimates a fair value of KSh 56.30 per share for TotalEnergies Marketing Kenya Plc, a substantial increase from its October 16, 2025 market price of KSh 35.10.
• The forecast includes an FY2025 net earnings projection of KSh 1.8 billion, marking a 20% year-on-year increase from KSh 1.5 billion.
• TotalEnergies plans to expand its service stations to 261 sites by 2026 and has invested in clean energy solutions, with 152 stations solarized and 24 battery-swap units installed.