Eterna Plc has reported a 52.9 per cent increase in profit before tax for the year ended 31 December 2025, rising to N7.27 billion from N4.48 billion in 2024. Revenue for the period stood at N302.37 billion, supported by strong performance across its core businesses. Profit after tax was recorded at N2.92 billion, with earnings per share at N2.24. The company's total assets grew to N92.19 billion, driven by robust inventory levels, while shareholders' funds increased to N7.77 billion, reflecting improved retained earnings.
The growth was attributed to enhanced operational efficiency and strategic asset expansion. Olumide Adeosun, Managing Director/Chief Executive Officer of Eterna Plc, said the company remains focused on strengthening its position in the fuels, lubricants, and gas sectors. He noted ongoing efforts in retail expansion, product diversification, and customer-centric initiatives. The company expressed confidence in sustaining momentum through continued operational improvements.
Olumide Adeosun's leadership at Eterna Plc is delivering measurable financial returns, with PBT surging to N7.27 billion in 2025 — a clear shift from the stagnation seen in many indigenous energy firms. This 52.9 per cent year-on-year jump is not just a number; it signals effective cost management and strategic positioning in a sector often bogged down by regulatory uncertainty and infrastructure deficits.
The increase in shareholders' funds to N7.77 billion and total assets to N92.19 billion suggests Eterna is building internal resilience without relying on debt-fueled expansion. At a time when many Nigerian companies struggle with liquidity and asset erosion, Eterna's focus on inventory strength and operational efficiency stands in contrast to peers who depend on volatile forex-dependent supply chains.
For Nigerian investors, particularly retail shareholders, this performance offers rare evidence of value creation in the domestic energy space. A N2.24 earnings per share may seem modest, but in a sector where dividends are often elusive, it represents tangible progress.
Eterna's trajectory also reflects a broader shift: Nigerian-owned energy firms that invest in vertical integration and local infrastructure may be better positioned than those reliant on imported products and government contracts.
