Eterna Plc Achieves Significant Profit and Revenue Growth in 2025
Eterna Plc has demonstrated a remarkable financial recovery for the year ended December 31, 2025, with profit before tax (PBT) soaring to N7.27 billion. This represents a substantial 52.9 per cent increase from the N4.48 billion recorded in 2024, highlighting the company's strong rebound in a challenging economic climate.
Revenue Expansion and Operational Efficiency Drive Performance
The company's audited financial results reveal that revenue climbed to N302.37 billion, underscoring a significant expansion in its business operations. This growth is attributed to improved operational efficiency and strategic positioning across key segments, including fuels, lubricants, and gas, which continue to propel Eterna's presence in the competitive downstream oil market.
Profit after tax (PAT) for the period stood at N2.92 billion, while earnings per share settled at N2.24, reflecting robust returns for shareholders. The board has proposed a dividend of N0.50 per share for the 2025 financial year, reinforcing its commitment to enhancing shareholder value and rewarding investors for their trust.
Strengthened Financial Footing and Asset Growth
Eterna's balance sheet shows total assets of N92.19 billion, largely supported by increased inventory levels, indicating the company's ability to manage resources effectively. Shareholders' funds rose to N7.77 billion, driven by improved retained earnings, which further solidifies the firm's financial resilience and capacity to sustain operations amid a volatile energy landscape.
Commenting on the results, Managing Director and Chief Executive Officer Olumide Adeosun emphasized that Eterna remains focused on operational efficiency and sustainable asset expansion. He stated that the company is dedicated to strengthening its market position through strategic initiatives and continuous improvement in cost controls.
The performance signals a notable turnaround in Eterna's core operations, supported by tighter cost management and a proactive approach to market dynamics. This achievement positions the company for future growth and stability in Nigeria's evolving oil and gas sector.
