Eterna Plc has released its unaudited financial results for the first quarter ended March 31, 2026, showcasing a strong performance underpinned by sustained operational efficiency and expansion across its key business areas.
Revenue and Profit Highlights
The company generated N70.45 billion in revenue during the quarter. Profit before tax reached N1.65 billion, indicating robust momentum at the start of the financial year. Profit after tax stood at N1.38 billion, with earnings per share closing at N1.06, underscoring the firm's dedication to shareholder value and prudent financial stewardship.
Balance Sheet Strength
Eterna's balance sheet remained resilient, bolstered by strategic investments in product inventory. According to the company, this positions it for enhanced operational efficiency and growth in the coming quarter, while maintaining seamless service delivery across its national network.
Management Commentary
Commenting on the results, Managing Director and Chief Executive Officer Olumide Adeosun attributed the performance to the company's unwavering focus on operational excellence, cost discipline, and strategic expansion initiatives. He stated, "Eterna Plc will continue to build on this momentum through targeted investments in its retail network, growth in its aviation, lubricants, and gas segments, alongside ongoing initiatives aimed at improving operational efficiency and delivering sustainable value to stakeholders."
Availability of Financial Statements
The company further noted that the full unaudited consolidated financial statements for the period ended March 31, 2026, are accessible on its website.
