Eterna Plc posts N7.27bn profit, proposes dividend

Eterna Plc has recorded its audited results for the year ended Dec. 31, 2025, posting strong profit growth and improved financial position.

The Managing Director/Chief Executive Officer, Eterna Plc, Mr Olumide Adeosun, disclosed this in a statement on Tuesday in Lagos.

Adeosun said the company recorded revenue of N302.37 billion for the period, while profit before tax rose to N7.27 billion, representing a 52.9 per cent increase from N4.48 billion in 2024.

He said profit after tax stood at N2.92 billion, with earnings per share of N2.24.

According to him, total assets increased to N92.19 billion, driven by strong inventory growth, while shareholders’ funds rose to N7.77 billion, reflecting improved retained earnings.

“The performance reflects the company’s continued focus on operational efficiency, improved cost management and strategic positioning across its fuels, lubricants and gas businesses,” he said.

Adeosun said the Board of Directors had proposed a dividend of 50 kobo per share for the 2025 financial year, subject to shareholders’ approval at the Annual General Meeting.

He added that the company would continue to focus on operational efficiency, sustainable asset expansion and strengthening its market position.

According to him, Eterna Plc remains committed to driving growth through retail expansion, broader product offerings and customer-focused initiatives.

Adeosun said the full audited financial statements for the period are available on the company’s website.