Eterna Plc reported a 52.9 per cent rise in profit before tax for the year ended December 31, 2025, reaching N7.27 billion, up from N4.48 billion in 2024. Revenue for the period stood at N302.37 billion, with profit after tax at N2.92 billion and earnings per share of N2.24. The company's total assets grew to N92.19 billion, supported by higher inventory, while shareholders' funds increased to N7.77 billion due to improved retained earnings.
Olumide Adeosun, Managing Director/Chief Executive Officer of Eterna Plc, attributed the performance to operational efficiency, cost management and strategic positioning in fuels, lubricants and gas. He said the board proposed a dividend of 50 kobo per share for the 2025 financial year, pending shareholder approval at the Annual General Meeting.
Adeosun reaffirmed the company's commitment to retail expansion, broader product offerings and customer-focused initiatives. The full audited financial statements are available on Eterna Plc's website.
Eterna Plc's 52.9 per cent jump in pre-tax profit signals stronger private-sector resilience in Nigeria's energy sector. With Olumide Adeosun steering a clear course on cost control and retail growth, the company's performance suggests that focused operational strategies can yield gains even amid broader economic pressures. For Nigerian investors, this could mean renewed confidence in homegrown energy firms delivering measurable returns. The proposed 50 kobo dividend, if approved, would directly reward long-term shareholders in a market often short on consistent payouts.
